The global Cartilage Repair/Regeneration Market size is
expected to reach USD 6.7 billion by 2025, according to a new report by Grand
View Research, Inc. The market is expected to witness lucrative growth over the
forecast period, owing to increasing prevalence of bone & joint disorders,
such as Osteoarthritis (OA), rising geriatric population, and surge in number
of accidents & related injuries across the globe.
Increasing number of road accidents worldwide are
causing bone and joint injuries, which is anticipated to fuel the demand for
cartilage repair products over the forecast period. For instance, as per data
published by the World Health Organization (WHO) in November 2016,
approximately 1.25 million people die each year in road accidents worldwide,
owing to the influence of alcohol & reckless driving, use of mobile phone,
and other associated factors such as bad weather conditions & improper road
construction.
Around 30.0 million children and adolescents
participate in youth sports in the U.S each year. This increase in sports
activity increases incidents of injuries in athletes, which in turn propels
demand for cartilage repair products. According to research data by the
American Orthopaedic Society for Sports Medicine, over 3.5 million athletes
receive medical treatment due to sports injuries each year.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/cartilage-repair-regeneration-market
http://www.grandviewresearch.com/industry-analysis/cartilage-repair-regeneration-market
Further Key Findings From the Study Suggest:
- The cell-based segment held a profitable
revenue share in 2016 and is anticipated to grow at a significant rate
over the forecast period owing to rising preference for autologous
chondrocyte transplantation for surgical treatment of damaged articular
cartilage (chondral and osteochondral lesions)
- The hyaline cartilage segment is
anticipated to witness the fastest growth during the forecast period due
to high susceptibility of damage to hyaline cartilage in case
cartilage-related injuries and increase in sport injuries
- Owing to the extensive use of
microfracture techniques during cartilage repair surgeries, the intrinsic
repair stimulus segment dominated the market in 2016
- Increasing prevalence of OA and rise in
accident-related injuries are anticipated to support the growth of knee
cartilage repair segment
- North America is expected to dominate the
cartilage repair market during the forecast period, owing to the rising
prevalence of bone & joint disorders, increase in number of accidents
& injuries, and growing geriatric population in the region are
expected to spur the cartilage regeneration market growth.
- Some of the key players of market are
Zimmer Biomet; Stryker Corporation; DePuy Synthes; Smith & Nephew plc;
Vericel Corporation; Osiris Therapeutics Inc.; B. Braun Melsungen AG;
Anika Therapeutics, Inc.; Arthrex, Inc.; and Collagen Solutions Plc.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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