Cartilage Repair Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Cartilage Repair Market Report Overview
The cartilage repair market size was $76.3 million in 2023. The market is expected to grow at a CAGR of less than 1% during 2023 and 2033. Cartilage repair procedures aim to regenerate, restore, or replace articular cartilage to reduce joint pain and prevent the development of arthritis.
Cartilage Repair Market Outlook, 2023-2033 ($ Million)
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The cartilage repair market research report explains the market behavior, which will help identify quantitative market trends within the orthopedic devices therapeutic area. The model discusses in detail the impact of COVID-19 on the cartilage repair market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $76.3 Million |
CAGR (2023-2033) | <1% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | · North America
· Europe · Asia Pacific · South America · Middle East and Africa |
Key Segments | · Intact Tissue Implants
· Extracellular Matrix Implants · Marrow Stimulation (Microfracture) Picks/Drills · Platelet-Rich Plasma (PRP) Injection Devices |
Leading Companies | · Smith & Nephew Plc
· DePuy Synthes Inc · Zimmer Biomet Holdings Inc · Stryker Corp · Arthrex Inc · ConMed Corp · Anika Therapeutics Inc |
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Cartilage Repair Market Dynamics
The growing prevalence of joints & bone disorders globally, and an increasing obese and geriatric population are responsible for the cartilage repair market growth. Additionally, lifestyle changes, and an increasing number of medical conditions such as osteochondritis, congenital abnormalities, and sports injuries requiring cartilage restoration surgery will drive the demand for the cartilage repair market during the forecast period.
Cartilage Repair Market Segments
The cartilage repair market primarily consists of Intact Tissue Implants, Extracellular Matrix Implants, Marrow Stimulation (Microfracture) Picks/Drills, and Platelet-Rich Plasma (PRP) Injection Devices. The Intact Tissue Implants segment led the cartilage repair market in 2023. this segment is further categorized into Osteochondral Allografts and Meniscal Allografts.
Cartilage Repair Market Analysis by Segments, 2023 (%)
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Cartilage Repair Market Segmentation by Regions
The key regions in the cartilage repair market are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America dominated the cartilage repair market in 2023, with the US being a key contributor to the market share. The increasing number of cartilage damage cases due to active involvement in sports, along with the significant investments in regeneration therapies & procedures is supporting the growth of the cartilage repair/regeneration market in North America.
Cartilage Repair Market Analysis by Regions, 2023 (%)
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Cartilage Repair Market - Competitive Landscape
A few of the leading companies in the Cartilage Repair market are:
- Smith & Nephew Plc
- DePuy Synthes Inc
- Zimmer Biomet Holdings Inc
- Stryker Corp
- Arthrex Inc
- ConMed Corp
- Anika Therapeutics Inc
Smith & Nephew Plc accounted for the highest share of the cartilage repair market in 2023, followed by Arthrex Inc.
Cartilage Repair Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Cartilage Repair Segments Outlook (Value, $ Million, 2015-2033)
- Intact Tissue Implants
- Extracellular Matrix Implants
- Marrow Stimulation (Microfracture) Picks/Drills
- Platelet-Rich Plasma (PRP) Injection Devices
Cartilage Repair Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Key Inclusions
Key Inclusions of the market model are:
Currently marketed Cartilage Repair and evolving competitive landscape:
– Insightful review of the key industry trends.
– Annualized total Cartilage Repair market revenue by segment and market outlooks from 2015-2033.
– Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
– SWOT analysis for the Cartilage Repair market.
– Competitive dynamics insights and trends provided for the Cartilage Repair market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
– Country-specific overview of the healthcare system.
– Country-specific reimbursement policies.
– Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Smith & Nephew Plc, DePuy Synthes Inc, Zimmer Biomet Holdings Inc, Stryker Corp, Arthrex Inc, ConMed Corp, Anika Therapeutics Inc and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Cartilage Repair market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Cartilage Repair market.
- Competitive dynamics insights and trends provided for the Cartilage Repair market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on the Cartilage Repair market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Cartilage Repair market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies that are likely to impact the Cartilage Repair market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Cartilage Repair market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
DePuy Synthes Inc
Zimmer Biomet Holdings Inc
Stryker Corp
Arthrex Inc
ConMed Corp
B. Braun Melsungen AG
Anika Therapeutics Inc
Others
Frequently asked questions
-
What was the cartilage repair market size in 2023?
The cartilage repair market size was valued at $76.3 million in 2023.
-
What will the cartilage repair market growth rate be during the forecast period?
The cartilage repair market is expected to grow at a CAGR of less than 1% during 2023 and 2033.
-
Which segment had the largest share of the cartilage repair market in 2023?
The Intact Tissue Implants segment led the cartilage repair market in 2023.
-
Which region had the largest share of the cartilage repair market in 2023?
North America had the largest share of the cartilage repair market in 2023.
-
Which are the major players operating in the Cartilage Repair market?
A few of the leading companies in the Cartilage Repair market are Smith & Nephew Plc, DePuy Synthes Inc., Zimmer Biomet Holdings Inc., Stryker Corp, Arthrex Inc., and ConMed Corp among others.
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