According to the estimations put forth by Inkwood Research, the Global Cartilage Repair Market is set to project a CAGR of 15.42% in terms of revenue during the forecasting years of 2021-2028.
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spread over 204 Pages, along with an in-depth TOC on the Global Cartilage Repair Market Forecast
2021-2028.”
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Cartilage repair is a treatment for joints with damaged
cartilage. There are various types of procedures for cartilage repair. The
choice of procedure is dependent on the size and location of the defect.
Rising
Obesity Cases propels Market Growth
Obesity, a globally recognized epidemic, has a debilitating
effect on the musculoskeletal system. It is closely associated with
osteoarthritis (OA). OA is a degenerative joint disease that decreases
mobility, negatively impacting the life quality, along with inducing pain. The
progressive degeneration of articular cartilage results in osteoarthritis.
Obesity increases this risk of degeneration. The rising prevalence of obesity
is projected to increase, owing to factors like lack of exercise &
inactivity, unhealthy diet, and sedentary lifestyle. This is further set to
supplement the global cartilage repair market growth.
Obesity has increased in the last decade. According to the
2020 data of WHO, more than 1.9 billion aged 18 and above were obese in 2016.
Moreover, in 2019, 38 million children under 5 were obese. The death caused by
obesity is more than that due to underweight.
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Hyaline
Cartilage is the Dominant & Prominent Type
Hyaline cartilage constitutes a collagen matrix packed with
glycoproteins, capable of holding a large volume of water. The water content
contributes to its resilience and elasticity. This is because the water aids in
sustaining the impact and then diffusing away from regions of high pressure at
a slower rate.
Articular cartilage is a 2-4 mm thick, dense hyaline
cartilage, devoid of blood vessels, nerves, or lymphatics. It comprises a dense
extracellular matrix (ECM) with scarcely distributed chondrocytes. The ECM
constitutes collagen, non-collagenous proteins, proteoglycans, and water.
Asia
Pacific to record the highest CAGR by 2028
The region is evaluated to possess a high potential for
market growth, given the rising demand for orthopedic devices. There is also an
increasing need for sophisticated medical facilities, high prevalence of
lifestyle disease, increasing R&D activities by key market players, along
with several healthcare reforms, further set to augment market growth.
Moreover, the high population and increasing cases of joint-related diseases
and osteoarthritis, makes the region a conducive market for cartilage repair.
The competitive rivalry is high, with increasing competition
among tier 1, tier 2, and tier 3 companies. Vendors are differentiating their
products on the basis of cost, application, and cost. Some of the main market
players include, Stryker Corporation, Smith & Nephew PLC, Arthrex Inc, RTI
Surgical Inc, Johnson & Johnson, etc.
About Inkwood
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relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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