The knee cartilage repair global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Knee Cartilage Repair Market, 2024report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size - The knee cartilage repair market size has grown strongly in
recent years. It will grow from $2.73 billion in 2023 to $2.91 billion in 2024
at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic
period can be attributed to advancements in surgical techniques, increased
clinical research and trials, the emergence of personalized medicine, economic
factors and healthcare spending, and globalization of healthcare.
The knee cartilage repair market size is expected to see strong growth in the
next few years. It will grow to $3.80 billion in 2028 at a compound annual
growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed
to advances in biomechanical research, advancements in imaging and diagnostic
modalities, post-traumatic osteoarthritis awareness, government funding and
grants, and medical device innovations. Major trends in the forecast period
include patient-centered healthcare, regenerative medicine breakthroughs, the
evolution of scaffold-based therapies, the emergence of tissue engineering
solutions, and personalized medicine approaches.
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Scope Of Knee Cartilage Repair MarketThe Business Research Company's reports
encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Knee Cartilage Repair Market Overview
Market Drivers -The rise in sports-related injuries is expected to propel the
growth of the knee cartilage repair market going forward. Sports-related
injuries are injuries that occur during participation in sports or physical
activities. The rise in sports-related injuries is attributed to increased
participation in sports and physical activities, higher-intensity training, and
inadequate preventive measures. Knee cartilage repair is increasingly utilized
in sports-related injuries due to its ability to address damage caused by
repetitive stress, trauma, and overuse. It allows athletes to regain knee
function, alleviate pain, and return to their athletic activities with a
reduced risk of long-term complications. For instance, in June 2023, according
to the National Safety Council, a US-based nonprofit public service
organization, around 3.6 million people were treated in emergency departments
for injuries involving sports and recreational equipment. Further, sports and
recreational equipment injuries increased from 409,224 in 2021 to 445,642 in
2022. Therefore, the rise in sports-related injuries is driving the growth of
the knee cartilage repair market.
Market Trends - Major companies operating in the knee cartilage repair market
are focusing on developing innovative products, such as knee cartilage repair
implants, to gain a competitive edge in the market. Knee cartilage repair
implants are medical devices used in orthopedic surgery to facilitate the
repair and regeneration of damaged knee cartilage. For instance, in March 2024,
UC Davis Health, a US-based medical center, launched the MISHA Knee System, a
knee cartilage repair implant to aid in knee cartilage repair. The MISHA Knee
System is a resorbable device that helps regenerate cartilage in the knee. The
implant stimulates the body's natural healing process, allowing new cartilage
and bone tissue to grow and integrate with the implant over time.
The knee cartilage repair market covered in this report is segmented –
1) By Device Type: Implants, Osteotomy, Bone Grafts, Arthroscopy, Resurfacing,
Arthrodesis, Other Devices
2) By Application: Arthroscopic Chondroplasty , Autologous Chondrocyte
Implantation, Cell-Based Cartilage Resurfacing, Osteochondral Grafts
Transplantation, Other Applications
3) By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics
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Regional Insights - North America was the largest region in the knee cartilage
repair market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the knee cartilage repair
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East and Africa.
Key Companies - Major companies operating in the knee cartilage repair market
are Stryker Corporation, B. Braun Melsungen AG, DePuy Synthes, Zimmer Biomet
Holdings Inc., Smith & Nephew plc, Arthrex Inc., Integra LifeSciences,
Bioventus LLC, MTF Biologics, MiMedx Group Inc., Moximed Inc., Vericel
Corporation, Anika Therapeutics Inc., SeaSpine Holdings Corporation, LifeNet
Health, ConforMIS Inc., Geistlich Pharma AG, BioPoly LLC, Regen Lab SA, Octane
Medical Group Inc., Orthocell Limited, Episurf Medical AB
Table of Contents 1. Executive Summary2. Knee Cartilage Repair Market Report
Structure3. Knee Cartilage Repair Market Trends And Strategies4. Knee Cartilage
Repair Market – Macro Economic Scenario5. Knee Cartilage Repair Market Size And
Growth…..27. Knee Cartilage Repair Market Competitor Landscape And Company
Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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