Global Cartilage Repair/ Cartilage Regeneration Market Size, Trends & Analysis - Forecasts to 2026 By Type of Treatment Modality (Cell-Based, Chondrocyte Transplantation, Stem Cells, Growth Factors, Non-cell-based, Tissue Scaffolds, and Cell-Free Composites); By Type of Application (Hyaline Cartilage, and Fibrocartilage); By Application Site (Knee, Hip, Ankle and Foot, and Other Application Sites); By End User (Hospitals, and Ambulatory Surgery Centers and Clinics); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Cartilage Regeneration Market Insights
The global cartilage repair/ cartilage regeneration market studies show that it will have an extravagant growth of CAGR of 23.5% from 2020 to 2026. Cartilage repair/ cartilage regeneration is a medical procedure that helps to treat cartilage damage as a result of injury, impaired function, and severe pain.
The globally growing geriatric population with increasing obesity in all age groups is the primary and major factor responsible for the growth of the cartilage repair/ cartilage regeneration market during the projected period. High incidence of bone or joint-related disorders such as Osteoarthritis and growing medical advancement with product development in cartilage regeneration is further adding opportunities to the market. The growing surge of the road accidents and shift of population towards sports on a global scale results in increasing bone and joint injuries thus fueling the demand for the cartilage repair and regeneration market.
COVID-19 has been a decelerating factor lately. Owing to temporary lockdown, surgeries being postponed and redirection of many hospitals into COVID-19 recovery centers are some of the factors expected to limit the growth of the cartilage repair/regeneration for the year 2020.
Cartilage Regeneration Market: By Treatment Modality
Based on the type of treatment modality the market is segmented into cell-free composites, chondrocyte transplantation, cell-based, stem cells, non-cell-based, growth factors, and tissue scaffolds. Cell-based treatment modality is expected to dominate the market in the projected year in comparison to other segments owing to increase demand for transplantation of autologous chondrocyte instead of surgical treatment of damaged articular cartilage, especially chondral and osteochondral lesions.
However, tissue scaffolds are used to trigger the bone and cartilage growth when applied for knee or other transplants thus leading to an increase in its medical demand as compared to cell-free composite.
Cartilage Regeneration Market: By Application
Hyaline and fibrocartilage are the major two applications of this market. Hyaline cartilage is expected to grow the cartilage repair/regeneration market in the forecast period due to rising chances of physical trauma and increase cases of cartilage-related injuries. Articular cartilage defects in knees and other joints as results of vigorous increment of sports-related injuries end up building the segment's growth.
Cartilage Regeneration Market: By Application Site
Based on the application site, ankle knee, hip, and foot, and other application sites. Knee cartilage repair/regeneration is expected to grow at the fastest rate due to higher usage in repair procedures and increasing prevalence of disorders in the knee with raising accidental injuries.
Cartilage Regeneration Market: By End User
Hospitals, clinics, and ambulatory surgery centers are the major consumers of this market product. The hospital as an end-user segment is turned out to be the largest market shareholder. An increasing number of minimally invasive surgeries in the hospital under the supervision of trained doctors is expected to build the economy of the hospital market segment.
Cartilage Regeneration Market: By Region
Based on the regional analysis, North America will continue to dominate the market during the forecast period. With an increase in musculoskeletal diseases, target population and development in biomaterial studies are the fueling factors which support the growth of the market. Increasing osteoporosis disorders cases with lifestyle shifts in countries like Germany and France is adding values to the growth of the region.
Europe and Asia-Pacific are expected to follow a considerable share growth in the forecast period due to the adoption of advanced and cost-effective medical treatments by these regions in the last few years. Furthermore, enhanced investment of various venture capitalists and investors in R & D is projected to build the future of the cartilage repair/regeneration market in the coming years.
Cartilage Regeneration Market Share and Competitor Analysis
The key players operating in the market include Smith & Nephew plc, DePuy Synthes, Zimmer Biomet, Stryker Corporation, Vericel Corporation, B. Braun Melsungen AG, Anika Therapeutics, RTI Surgical (RTI), CONMED CORPORATION, Arthrex, Inc., Regrow Biosciences PVT.LTD, Geistlich Pharma AG, AlloSource, Orthocell Ltd, Bio-Tissue, MEDIPOST Co.Ltd., and others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2020, Smith & Nephew Plc, launched Suture Anchor namely, Healicoil Knotless. The unique coupling of Healicoil Knotless Suture Anchor with Regenesorb Material is designed to stimulate a huge jump in the healing and bone fusion process.
In December 2019, Medipost Co. Ltd., allogeneic cell therapy product Cartistem is ready to undergo for its phase 3rd clinical trial for the treatment of Osteochondral cartilage defects seen in ankle joints.
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The Global Cartilage Repair/ Cartilage Regeneration Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Cartilage Repair/ Cartilage Regeneration Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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