Increase in obese population and rising incidence of sports injuries are
the major factors driving the demand of cartilage regeneration. On the other
hand, high cost of therapy and unfavorable reimbursement scenario are the major
factors restraining the growth of cartilage regeneration market.
What the market looks like?
The cartilage regeneration market is projected to reach USD 779.8 Million by 2021
from USD 414.6 Million in 2016, growing at a CAGR of 13.5%.
Treatment Modalities Segment:
Based on treatment modalities, the 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.
This treatment modality segment is also expected to be the fastest growing
segment in the cartilage repair/ cartilage regeneration market. This segment is
projected to grow at CAGR of 14.1% during forecast period.
Applications of Cartilage Regeneration Market:
On the basis of applications, the cartilage repair/ cartilage regeneration
market is segmented into hyaline cartilage and fibrocartilage. Among this
segments, the hyaline cartilage segment is expected to account for the largest
market share in 2016. Hyaline cartilage application segment is also expected to
be the fastest growing application segment in the cartilage repair/ cartilage
regeneration market. This application segment is projected to grow at CAGR of
13.9% during forecast period. The large share and high growth of this segment
can be attributed to the high prevalence of cartilage damage in hyaline
cartilage.
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Regional Growth Analysis:
North America is expected
to be the fastest-growing regional segment in the cartilage repair/ cartilage
regeneration market. North America is also expected to account for largest
share in the cartilage repair/ cartilage regeneration market, by region in
2016. The high growth and largest share of this segment can primarily be
attributed to the expansion of the cartilage repair/ cartilage regeneration
market in this region due to presence of major players in this market and wide
availability of cartilage repair products.
Key Players in Cartilage Regeneration Market:
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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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.
