Vision Research Report, Recently Announced New Report on “cartilage repair market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “Cartilage repair market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The Cartilage repair research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The Cartilage repair market revenue share is set to grow at a yearly rate of 15.4% during 2021-2030, while its valuation is Projected to jump from $ 14.2 Bn in 2020 to $XX Bn in 2030.
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Report Highlights
The key treatment modalities analyzed in this study are cell-based and non-cell-based. The cell-based segment dominated the industry in 2016 and is expected to witness lucrative growth over the forecast period. Increasing preference for autologous chondrocyte transplants for surgical treatment of damaged articular cartilage (chondral and osteochondral lesions) is anticipated to support the market growth.
The non-cell-based segment is further classified into tissue scaffolds and cell-free composites. Tissue scaffold can stimulate cartilage and bone growth when transplanted into the knees and other joints, thus they are used more extensively as compared to cell-free composite.
The application segment includes hyaline and fibro. The hyaline segment is expected to dominate this industry during the forecast period owing to rising incidents of physical trauma across the globe, which may cause osteochondral and chondral lesions in patients. For instance, as per the statistics published by the Centers for Disease Control and Prevention (CDC), around 199,800 people die from fatal injuries every year in the U.S.
The CDC reported that about 2.5 million individuals were hospitalized and 26.9 million patients were treated in an emergency department for nonfatal injuries in 2014. Also, over 33,700 people died in motor vehicle crashes (a major cause of death) and 2,791,000 geriatric patients as well as 325,000 kids were treated for fall injuries in the emergency rooms in the U.S. during the same year. This surge in fatal and nonfatal injuries is expected to support market growth over the forecast period.
The hyaline segment is also expected to be fastest growing over the forecast period, due to the high susceptibility of damage to hyaline cartilage in case cartilage-related injuries. In addition, the surge in sports-related injuries results in articular cartilage defects of the knee & other joints, and this is expected to support the segment growth.
The treatment type is segmented into palliative and intrinsic repair stimulus. The intrinsic repair stimulus segment emerged as the largest segment in 2016 owing to the extensive use of the microfracture technique during cartilage repair surgeries. Intrinsic repair stimulus includes microfracture and drilling techniques that stimulate Mesenchymal Stem Cells (MSC) to the site of injured cartilage to form repair tissue.
The palliative segment is further classified into viscosupplementation and debridement & lavage. Viscosupplement involves injecting hyaluronic acid into a joint to replace or supplement synovial fluid for the treatment of OA of the thumb, toe, or other small joints. The viscosupplementation segment is expected to gain market share over the forecast period owing to the increase in OA-induced pain coupled with rising demand for hyaline-like cartilage regeneration.
The knee cartilage repair segment is expected to dominate the market during the forecast period due to its higher usage in repair procedures. The increasing prevalence of OA and rising incidents of accident injuries are expected to drive market growth during the forecast period.
The other segment includes the hip, shoulder, finger, elbow, foot & ankle, and spine. This segment is expected to witness positive growth over the forecast period owing to the rising athletic population coupled with growing sports-related injuries.
North America held around 50.0% share in the cartilage repair market in 2020, owing to the increasing prevalence of musculoskeletal diseases, presence of target population, and changing lifestyle of individuals in the U.S. and Canada. The rising prevalence of osteoporosis in the U.K., Germany, and France is expected to contribute significantly to the Europe market. As per a report by National Health Service (NHS), osteoporosis affects over 3.0 million people in the UK every year; and as per the National Osteoporosis Society (NOS) estimates, 1 in 2 women and 1 in 5 men above the age of 50 years will break a bone as a result of osteoporosis every year.
International Diabetes Federation (IDF) reported about 109.6 million cases of diabetes in China. Also, nearly 7.2 million diabetes cases were reported in Japan, and 1 million cases in Australia. Asia Pacific region is anticipated to exhibit a comparatively higher CAGR over the forecast period, as compared to other regions.
Global Cartilage repair market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The Cartilage repair trade trends and promoting channels analysed. Cartilage repair Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Key Players
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.
Market Segmentation
Global Cartilage repair Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Cartilage repair market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
Cartilage repair Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world Cartilage repair Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Cartilage repair Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Cartilage repair Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Cartilage repair Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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