Knee cartilage repair refers to a range of medical procedures aimed at restoring damaged or worn cartilage in the knee joint. These procedures aim to alleviate pain, improve knee function, and delay or prevent the progression of joint degeneration.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The knee cartilage repair market report table of contents includes:
1. Executive Summary
- Knee Cartilage Repair Market Characteristics
- Knee Cartilage Repair Market Trends And Strategies
- Knee Cartilage Repair Market – Macro Economic Scenario
- Global Knee Cartilage Repair Market Size and Growth
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32. Global Knee Cartilage Repair Market Competitive Benchmarking
- Global Knee Cartilage Repair Market Competitive Dashboard
- Key Mergers And Acquisitions In The Knee Cartilage Repair Market
- Knee Cartilage Repair Market Future Outlook and Potential Analysis
- Appendix
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