Cartilage Repair Market Size, Growth Analysis, Growth Demands, Forecast to 2033

Overview and Scope

Cartilage repair is a medical process to treat and restore damaged or injured cartilage tissue in the body. Cartilage is a connective tissue that covers the ends of bones in joints and acts as a cushion and lubricant, allowing smooth and pain-free movement. These procedures are designed to address damaged or injured issues and promote the healing and regeneration of cartilage tissue.

Sizing and Forecast

The cartilage repair market size has grown rapidly in recent years. It will grow from $1.24 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to increasing incidence of joint disorders, growing awareness and diagnosis rates, rising healthcare expenditure, collaborations and partnerships..

The cartilage repair market size is expected to see rapid growth in the next few years. It will grow to $2.3 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to growing aging population, rising sports injuries, regulatory support for advanced therapies, increasing patient preference for non-invasive treatments.. Major trends in the forecast period include technological advancements, regulatory approvals and standardization, patient preference for biologics, healthcare infrastructure development..

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Segmentation & Regional Insights

The cartilage repair market covered in this report is segmented –

1) By Treatment Modality: Cell-Based, Non-Cell-Based
2) By Site: Knee, Hip, Ankle And Foot, Other Application Sites
3) By Application: Hyaline Cartilage, Fibrocartilage
4) By End User: Hospital And Clinic, Ambulatory Surgical Center (ASC), Other End-Users

North America was the largest region in the cartilage repair market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cartilage repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The surge in road accidents and sports-related injuries is expected to propel the growth of the cartilage repair market going forward. Road accidents involve vehicles, pedestrians, or cyclists on public roadways or streets. In contrast, sports-related injuries refer to injuries that occur during participation in various sports and physical activities. A surge in road accidents and sports-related injuries significantly contributes to the need for cartilage repair procedures to restore damaged cartilage, alleviate pain, and improve joint function caused by road and sports-related injuries. For instance, in May 2023, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, the number of road crashes in the United States increased from 35,935 in 2020 to 39,508 in 2021. Further, the number of fatalities also increased from 39,007 in 2020 to 42,939 in 2021. Furthermore, in August 2021, according to Cary Orthopaedica, a US-based health organization, more than 3.5 million children and teenagers in the United States suffer from sports-related injuries each year. Therefore, the surge in road accidents and sports-related injuries is driving the growth of the cartilage repair market.

Key Industry Players

Major companies operating in the cartilage repair market report are Johnson and Johnson Services Inc., Medtronic plc, Stryker Corporation , B. Braun Melsungen AG , Zimmer Biomet Holdings Inc., Smith And Nephew plc, Arthrex Inc. , CONMED Corporation Inc., Meril Life Sciences Pvt. Ltd., Medacta International SA, RTI Surgical Inc., Japan MDM Inc., Vericel Corporation, Anika Therapeutics Inc., Mathys AG Bettlach, JRI Orthopaedics Ltd., Auxein Medical ltd., MEDIPOST Co Ltd., DePuy Synthes Companies, Arthro Kinetics AG, Waldemar Link GmbH and Co.KG, Osiris Therapeutics Inc., Teijin Nakashima Medical Co Ltd., Collagen Solutions LLP, BioTissue SA, ISTO Technologies Inc., Regentis Biomaterials Ltd., Histogenics Corporation, Evolutis India Pvt. Ltd.</b

The cartilage repair market report table of contents includes:

1. Executive Summary
2. Cartilage Repair Market Characteristics
3. Cartilage Repair Market Trends And Strategies
4. Cartilage Repair Market – Macro Economic Scenario
5. Global Cartilage Repair Market Size and Growth
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32. Global Cartilage Repair Market Competitive Benchmarking
33. Global Cartilage Repair Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cartilage Repair Market
35. Cartilage Repair Market Future Outlook and Potential Analysis
36. Appendix