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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