Cartilage Repair/Regeneration Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cartilage Repair/Regeneration Market Analysis
The cartilage repair/regeneration market is expected to record a CAGR of 8% over the forecast period (2022-2027).
COVID-19 had a significant impact on the overall healthcare industry. The cartilage repair and regeneration market faced a reduction during the early stages of the pandemic because of widespread lockdowns, refused wound care services, and canceled or postponed elective surgeries. However, it is anticipated that demand for products that promote cartilage repair and regeneration would significantly increase post-pandemic. According to the article published in PubMed Central in 2020 under the title 'Coronavirus disease 2019 pandemic: should we delay cartilage regenerative procedures and accept the consequences, or can we find a new normality?', prior to being admitted to the hospital during COVID-19, individuals scheduled for a cartilage treatment were required to go to the outpatient clinic and undergo a test for COVID-19. Moreover, if the patient was affected with COVID-19 the surgeries and procedures were again got delayed. Thus due to the facts mentioned above, COVID-19 had a significant impact on the cartilage repair/ regeneration market.
The prime factor propelling the cartilage repair/regeneration market globally is the rising prevalence of joints and bone disorders around the world. Furthermore, sports injuries, accidents, growing geriatric and obese populace across the globe are the few other significant factors attributing to the growth of the cartilage repair/regeneration market globally. In addition, the World Health Organization fact sheet on "Ageing and health" published in October 2021, the share of the population aged 60 years and over was 1 billion in 2020 and it is expected to increase to 1.4 billion by the year 2030 and 1 in 6 people is anticipated to be aged 60 years or over worldwide by 2030. This population was more prone to getting diseases and undergoing cartilage repair/regeneration surgeries. This increased geriatric population is likely to boost market growth. Moreover, technological advancements and the development of innovative treatment approaches are also driving the growth of the market. Cartilage regeneration is presently encouraged using novel medical devices and therapeutics such as platelet-rich plasma injection, allografts, marrow stimulation drills, and extracellular matrix implants.
As per the aforementioned factors, the cartilage repair/regeneration market is likely to grow over the forecast period. However, high costs of cartilage repair procedures and regulatory issues restrain the market growth.
Cartilage Repair/Regeneration Market Trends
This section covers the major market trends shaping the Cartilage Repair/Regeneration Market according to our research experts:
Knee Application Segment is Expected to Hold a Major Share in the Cartilage Repair/Regeneration Market
The knee is the largest joint in the body and most of the body weight goes through the knee when a person walks. Cartilage damage is a relatively common type of injury that often affects the knees. The knee segment is likely to grow over the forecast period due to factors such as increased knee replacements, knee implants, and the growing prevalence of osteoarthritis. For instance, as per the report from National Arthritis Prevalence Projections, 67 million people are likely to be affected by Arthritis in 2025. This figure is projected to reach 78 million by the year 2040.
Furthermore, increased research and development, new product launches, mergers, and acquisitions are also boosting the market growth. For instance, in April 2021, Minor League Baseball and Stryker collaborated to make Stryker the official joint replacement partner for SmartRobotics. Mako SmartRobotics, the newest advancement in joint replacement technology from Stryker, employs 3D CT-Based planning software to replace the hip and knee. It aids surgeons in building a 3D model of each patient's particular anatomy. Moreover, in June 2021, DJO, LLC acquired Mathys AG Bettlach, a Swiss company that creates and sells cutting-edge artificial joint replacement solutions.
Because of the aforementioned factors, the knee segment is anticipated to face growth in the cartilage repair/regeneration market over the forecast period.
North America is Expected to Dominate the Cartilage Repair/Regeneration Market Over the Forecast Period
North America holds most of the share in the cartilage repair/regeneration market. The primary growth driver of the cartilage repair/regeneration market in North America is the increasing incidence of bone and joint disorders, and the rising geriatric and obese population. For instance, as per Population Reference Bureau, the number of Americans aged 65 and older is projected to be 95 million by 2060. Moreover, as per the World Obesity Atlas, approximately 134 million men and 164 million women in America are expected to be affected by the complications of obesity by 2030.
Sports-related injuries are more in the United States which causes the utilization of products in the cartilage repair/regeneration Market. As per the 2022 update from the John Hopkins Medicine, more than 170,000 children ages, 5 to 14 are treated in hospital emergency rooms for basketball-related injuries in the United States. Additionally, the market for cartilage repair and regeneration in North America is growing due to an increase in product launches, mergers, and acquisitions. For instance, in 2021 May, the Georgia-based Arthritis Foundation announced the launch of a new app (Vim, the Arthritis Foundation's mobile app) and kicked off Arthritis Awareness Month with the release of key findings from a patient study.
Due to the factors mentioned above North America is likely to growth over the forecast period.
Cartilage Repair/Regeneration Industry Overview
The Cartilage repair/regeneration market is moderately fragmented and competitive. Market players in the global cartilage repair/regeneration market are focusing on the expansion of their product portfolios by adopting inorganic growth strategies such as acquisitions & mergers, and partnerships. The major players are Zimmer Biomet, Stryker Corporation, Arthrex, Inc., Smith & Nephew plc, and Vericel Corporation among others.
Cartilage Repair/Regeneration Market Leaders
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Zimmer Biomet
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Stryker Corporation
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Arthrex, Inc.
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Smith & Nephew plc
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Vericel Corporation
*Disclaimer: Major Players sorted in no particular order
Cartilage Repair/Regeneration Market News
- In July 2022, Orthox received Medicines and Healthcare products Regulatory Agency (MHRA) authorisation for a clinical trial of knee cartilage repair FibroFix product platform.
- In July 2021, the United States Food and Drug Administration granted breakthrough device status to Hyalex's cartilage system.
Cartilage Repair/Regeneration Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Prevalence of the Joints and Bones Disorders around the World and Increasing Geriatric Population
- 4.2.2 Technological Advancements in Cartilage Repair/Regeneration
- 4.2.3 Increasing Number of Injuries and Accidents
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4.3 Market Restraints
- 4.3.1 High Costs of Cartilage Repair Procedures
- 4.3.2 Regulatory and Reimbursement Issues
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
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5.1 By Types of Cartilage
- 5.1.1 Fibrocartilage
- 5.1.2 Hyaline Cartilage
- 5.1.3 Others
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5.2 By Treatment Modality
- 5.2.1 Cell-based
- 5.2.2 Non-Cell-based
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5.3 By Treatment Type
- 5.3.1 Palliative
- 5.3.2 Intrinsic Repair Stimulus
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5.4 By Application Site
- 5.4.1 Knee
- 5.4.2 Spine
- 5.4.3 Ankle
- 5.4.4 Hip
- 5.4.5 Others
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5.5 Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
- 5.5.2 Europe
- 5.5.2.1 Germany
- 5.5.2.2 United Kingdom
- 5.5.2.3 France
- 5.5.2.4 Italy
- 5.5.2.5 Spain
- 5.5.2.6 Rest of Europe
- 5.5.3 Asia-Pacific
- 5.5.3.1 China
- 5.5.3.2 Japan
- 5.5.3.3 India
- 5.5.3.4 Australia
- 5.5.3.5 South Korea
- 5.5.3.6 Rest of Asia-Pacific
- 5.5.4 Middle-East and Africa
- 5.5.4.1 GCC
- 5.5.4.2 South Africa
- 5.5.4.3 Rest of Middle-East and Africa
- 5.5.5 South America
- 5.5.5.1 Brazil
- 5.5.5.2 Argentina
- 5.5.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Anika Therapeutics, Inc.
- 6.1.2 Arthrex, Inc.
- 6.1.3 B. Braun Melsungen AG
- 6.1.4 Cyfuse Biomedical K.K.
- 6.1.5 Johnson & Johnson
- 6.1.6 Geistlich Pharma AG
- 6.1.7 Smith & Nephew plc
- 6.1.8 Stryker Corporation
- 6.1.9 Vericel Corporation
- 6.1.10 Zimmer Biomet
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCartilage Repair/Regeneration Industry Segmentation
As per the scope of the report, cartilage is a white polished material that helps to cushion and cover the region where the bones meet joints. It acts as both a lubricating surface and a shock absorber. Cartilage damage can be a hole or crater on the smooth superficial surface of the joint. If it is left untreated, the joint may become inflexible, swollen, and tender. It can even develop to a stage that requires a total joint replacement with metal and plastic components. Cartilage repair/regeneration is a process that efforts to restore injured cartilage by binding the body's cells to regrow or replace lost cartilage. The Cartilage Repair/Regeneration Market is Segmented by Types of Cartilage (Fibrocartilage, Hyaline Cartilage, Others), Treatment Modality Cell-based, Non-Cell-based) Treatment Type (Palliative, Intrinsic Repair Stimulus), Application (Knee, Spine, Ankle, Hip, Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Types of Cartilage | Fibrocartilage | |
| Hyaline Cartilage | ||
| Others | ||
| By Treatment Modality | Cell-based | |
| Non-Cell-based | ||
| By Treatment Type | Palliative | |
| Intrinsic Repair Stimulus | ||
| By Application Site | Knee | |
| Spine | ||
| Ankle | ||
| Hip | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Cartilage Repair/Regeneration Market Research FAQs
What is the current Global Cartilage Repair/Regeneration Market size?
The Global Cartilage Repair/Regeneration Market is projected to register a CAGR of 8% during the forecast period (2024-2029)
Who are the key players in Global Cartilage Repair/Regeneration Market?
Zimmer Biomet, Stryker Corporation, Arthrex, Inc., Smith & Nephew plc and Vericel Corporation are the major companies operating in the Global Cartilage Repair/Regeneration Market.
Which is the fastest growing region in Global Cartilage Repair/Regeneration Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Cartilage Repair/Regeneration Market?
In 2024, the North America accounts for the largest market share in Global Cartilage Repair/Regeneration Market.
What years does this Global Cartilage Repair/Regeneration Market cover?
The report covers the Global Cartilage Repair/Regeneration Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Cartilage Repair/Regeneration Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cartilage Repair Industry Report
Statistics for the 2024 Cartilage Repair market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cartilage Repair analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
