Cartilage Regeneration Market: Increasing Incidence of Osteoarthritis is Key Market Driver
Cartilage Regeneration Industry is Growing at a CAGR of 13.5% |
Growing Demand in North America Region.
Increase in
obese population and rising incidence of sports injuries are the major factors
driving the growth of this market. However, high cost of therapy and
unfavorable reimbursement scenario are the major factors that are restraining
the growth of the cartilage cartilage regeneration market.
Cartilage Regeneration Market Dynamics: Impact Analysis
1. Rising Incidence of Sport Injuries
2. Growth in Obese Population
3. Limitations Associated with Current Surgical Techniques Resulting in Rising
Inclination Towards Regenerative Medicine
4. Technological Advancements
The global cartilage regeneration market is projected to reach USD 787 Million by 2020 from USD 1,603
Million in 2016, growing at a CAGR of 15.3%.
Key Questions Addressed in The Report:
1. Who are the top 10 players operating in the global Cartilage
Repair market?
2. What are the drivers, restraints, opportunities, and challenges in the
Cartilage Repair Market?
3. What are the opportunities
for stakeholders and provide details of the competitive landscape for key
players in Cartilage Repair Market?
4. What will be growth of Cartilage Regeneration in North America, Europe, Asia
Pacific, Latin America, and the Middle East and Africa?
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A combination of bottom-up and
top-down approaches was used to calculate the market sizes and growth rates of
the global cartilage repair/ cartilage regeneration market and its sub
segments. All percentage shares, splits, and breakdowns were determined using
secondary sources and verified through primary sources. All possible parameters
that affect the markets covered in this research study have been accounted for,
viewed in extensive detail, verified through primary research, and analyzed to
get the final quantitative and qualitative data.
Cartilage Regeneration Treatment Modalities:
On
the basis of treatment modalities, the cartilage repair market is segmented
into cell based approaches and non-cell based approaches. Cell based approaches
are further segmented into chondrocyte transplantation, growth factor
technology, and stem cells. Non-cell based approaches are segmented into tissue
scaffolds and cell-free composites. The cell based approaches segment is
expected to account for the largest market share in 2016. This treatment
modality segment is also expected to be the fastest growing segment in the cartilage
regeneration market.
Applications of Cartilage Regeneration Market:
On the basis of applications, the market is segmented into hyaline
cartilage and fibrocartilage. Among this segment, the hyaline cartilage segment
is expected to account for the largest market share. Hyaline cartilage
application segment is also expected to be the fastest growing application
segment in the cartilage regeneration market. The large share and high growth
of this segment can be attributed to the high prevalence of cartilage damage in
hyaline cartilage.
Regional Growth Analysis of Cartilage Regeneration Industry:
North America is expected to be the fastest-growing regional segment in the
cartilage repair market. North America is also expected to account for largest
share in the market, by region in 2016. The high growth and largest share of
this segment can primarily be attributed to the expansion of the market in this
region due to presence of major players in this market and wide availability of
cartilage repair products.
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Key Players in Cartilage Regeneration Industry:
The major players
operating in the cartilage repair/ cartilage
regeneration market include Zimmer Biomet Holdings, Inc. (U.S.), Vericel
Corporation (U.S.), Smith & Nephew plc (U.K.), Osiris Therapeutics, Inc.
(U.S.), and Arthrex Inc. (U.S.).
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