Cartilage Repair Market Size, Application and Geography Trends, Supplier Intelligence And Forecast 2022 to 2032

BySanket Badgujar
Market Research

The global Cartilage Repair Market is expected to reach a value of US$ 3.9 Billion by 2032, with the market growing at a stellar CAGR of 13.9% from 2022 to 2032. Scaling up from a value of US$ 1.60 Billion in 2021, the target market is set to reach an estimated US$ 1 Billion in 2022. The rising cases of osteoarthritis are fueling the demand for the cartilage repair market during the forecast period.

In the recent past, cases of osteoarthritis have become more prevalent all over the world. As per a report by the University of North Carolina, around one million knee and hip replacement operations are conducted annually in the United States. In the U.S., osteoarthritis cases are accountable for a financial burden of $136.8 Billion per year. A study published by the Arthritis Foundation in 2019 estimated that degenerative joint diseases like osteoarthritis will impact more than 130 million people by 2050.

Again, it is expected that the growing cases of osteoarthritis will propel the demand for cartilage repair and regeneration products. The most frequently used treatments for osteoarthritis include autologous chondrocyte implantation and scaffold implants. All of this positively influence the market for cartilage repair. Additionally, as opposed to total knee replacement surgeries, cartilage repair surgeries deliver better and longer-lasting results than other surgeries.

Get your PDF Sample Report with Latest Market Information @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14806

Furthermore, in the past few years, more and more companies are focusing on the development of cartilage regeneration products. This is because governments across the globe are increasing investments in regenerative medicine for cartilage regeneration research. There has also been a surge in clinical trials and the development of new treatments for cartilage regeneration. Besides, the development of a strong pipeline of products based on various methods of cartilage repair available in the market owing to considerable investments in R&D by key market players will further propel the target market growth during the forecast period.

“Increasing osteoarthritis cases coupled with rising demand for treatment will further supplement the global growth of the cartilage repair market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • The high costs of these procedures are expected to restrict the growth of the cartilage repair market.
  • By treatment modalities, the cell-based segment will continue to dominate the global marketplace.
  • On the basis of end-user, the hospital segment will account for the largest market share.
  • The cartilage repair market in the United States will grow at a CAGR of 13.7% during 2022-2032.
  • China’s cartilage repair market will register a CAGR of 13.2% during the assessment period.

Competitive Landscape 

DePuy Synthes, Smith & Nephew plc, Zimmer Biomet, CONMED Corporation, and Stryker Corporation among others are some of the major players in the cartilage repair market profiled in the full version of the report.

Key market participants are focusing on utilizing various organic and inorganic strategies. These firms are investing in research and development activities, introducing new products, and upgrading current ones. Inorganic tactics like mergers, acquisitions, and partnerships are also employed by these businesses.

Key segments:

By Application:

  • Hyaline Cartilage
  • Fibrocartilage

By Site:

  • Knee
  • Hip
  • Ankle and Foot
  • Other Application Sites

By End-User:

  • Hospitals
  • Ambulatory Surgery Centres and Clinics

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa