Cartilage Repair Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Cartilage Repair market size is expected to be worth around US$ XX billion by 2030, according to a new report by Vision Research Reports.

The global Cartilage Repair market size was valued at US$ 14.2  billion in 2020 and is anticipated to grow at a CAGR of 15.4% during forecast period 2021 to 2030.

Growth Factors

 Rising prevalence of bone and joint disorders, such as Osteoarthritis (OA) or arthritis, and technological advancements in cartilage regeneration are the key drivers expected to nurture market growth worldwide.

There is an increase in the prevalence of OA due to the growing geriatric population and increasing related factors such as obesity. This condition is a major cause of disability in the U.S. and had affected over 20.0 million Americans in 2012; this number is anticipated to reach 40.0 million over the next 10 years. Currently, the disease has affected over 30.0 million U.S. adults. Furthermore, over 12.0 million people suffer from knee pain and visit the doctors in the U.S. Furthermore, OA affects around 15.0 million Indians and arthritis affects around 10.0 million individuals in the UK every year, thereby driving this industry’s growth.

Report Highlights

The key treatment modalities analyzed in this study are cell-based and non-cell-based. The cell-based segment dominated the industry in 2016 and is expected to witness lucrative growth over the forecast period. Increasing preference for autologous chondrocyte transplants for surgical treatment of damaged articular cartilage (chondral and osteochondral lesions) is anticipated to support the market growth.

The non-cell-based segment is further classified into tissue scaffolds and cell-free composites. Tissue scaffold can stimulate cartilage and bone growth when transplanted into the knees and other joints, thus they are used more extensively as compared to cell-free composite.

The application segment includes hyaline and fibro. The hyaline segment is expected to dominate this industry during the forecast period owing to rising incidents of physical trauma across the globe, which may cause osteochondral and chondral lesions in patients. For instance, as per the statistics published by the Centers for Disease Control and Prevention (CDC), around 199,800 people die from fatal injuries every year in the U.S.

The CDC reported that about 2.5 million individuals were hospitalized and 26.9 million patients were treated in an emergency department for nonfatal injuries in 2014. Also, over 33,700 people died in motor vehicle crashes (a major cause of death) and 2,791,000 geriatric patients as well as 325,000 kids were treated for fall injuries in the emergency rooms in the U.S. during the same year. This surge in fatal and nonfatal injuries is expected to support market growth over the forecast period.

The hyaline segment is also expected to be fastest growing over the forecast period, due to the high susceptibility of damage to hyaline cartilage in case cartilage-related injuries. In addition, the surge in sports-related injuries results in articular cartilage defects of the knee & other joints, and this is expected to support the segment growth.

The treatment type is segmented into palliative and intrinsic repair stimulus. The intrinsic repair stimulus segment emerged as the largest segment in 2016 owing to the extensive use of the microfracture technique during cartilage repair surgeries. Intrinsic repair stimulus includes microfracture and drilling techniques that stimulate Mesenchymal Stem Cells (MSC) to the site of injured cartilage to form repair tissue.

The palliative segment is further classified into viscosupplementation and debridement & lavage. Viscosupplement involves injecting hyaluronic acid into a joint to replace or supplement synovial fluid for the treatment of OA of the thumb, toe, or other small joints. The viscosupplementation segment is expected to gain market share over the forecast period owing to the increase in OA-induced pain coupled with rising demand for hyaline-like cartilage regeneration.

The knee cartilage repair segment is expected to dominate the market during the forecast period due to its higher usage in repair procedures. The increasing prevalence of OA and rising incidents of accident injuries are expected to drive market growth during the forecast period.

The other segment includes the hip, shoulder, finger, elbow, foot & ankle, and spine. This segment is expected to witness positive growth over the forecast period owing to the rising athletic population coupled with growing sports-related injuries.

North America held around 50.0% share in the cartilage repair market in 2020, owing to the increasing prevalence of musculoskeletal diseases, presence of target population, and changing lifestyle of individuals in the U.S. and Canada. The rising prevalence of osteoporosis in the U.K., Germany, and France is expected to contribute significantly to the Europe market. As per a report by National Health Service (NHS), osteoporosis affects over 3.0 million people in the UK every year; and as per the National Osteoporosis Society (NOS) estimates, 1 in 2 women and 1 in 5 men above the age of 50 years will break a bone as a result of osteoporosis every year.

International Diabetes Federation (IDF) reported about 109.6 million cases of diabetes in China. Also, nearly 7.2 million diabetes cases were reported in Japan, and 1 million cases in Australia. Asia Pacific region is anticipated to exhibit a comparatively higher CAGR over the forecast period, as compared to other regions.

Key Players

Zimmer Biomet; Stryker Corporation; DePuy Synthes; Smith & Nephew plc; Vericel Corporation; Osiris Therapeutics Inc.; B. Braun Melsungen AG; Anika Therapeutics, Inc.; Arthrex, Inc.; and Collagen Solutions Plc. 

Market Segmentation

  • Treatment Modality Outlook

    • Cell-Based

      • Chondrocyte Transplantation

      • Growth Factor Technology

    • Non-Cell-Based

      • Tissue Scaffolds

      • Cell-Free Composites

  • Application Outlook 

    • Hyaline

    • Fibrocartilage

  • Treatment Type Outlook 

    • Palliative

      • Viscosupplementation

      • Debridement & Lavage

    • Intrinsic Repair Stimulus

  • Site Outlook 

    • Knee Cartilage Repair

      • Arthroscopic Chondroplasty

      • Autologous Chondrocyte

      • Osteochondral Grafts Transplantation

      • Cell-based Cartilage Resurfacing

      • Microfracture

      • Other

    • Other

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • The Middle East and Africa (MEA)

      • South Africa

The Cartilage Repair market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Cartilage Repair market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Cartilage Repair market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cartilage Repair market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cartilage Repair market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Cartilage Repair capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Cartilage Repair by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cartilage Repair market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cartilage Repair market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cartilage Repair market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Cartilage Repair industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Cartilage Repair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cartilage Repair market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cartilage Repair market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cartilage Repair market. These factors have benefited the growth of the global market for Cartilage Repair. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cartilage Repair. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Cartilage Repair are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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