Market Size of Global Cartilage Repair/Regeneration Industry
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 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 | ||||||||
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Global Cartilage Repair/Regeneration Market Size Summary
The cartilage repair and regeneration market is poised for significant growth, driven by the increasing prevalence of joint and bone disorders globally. Factors such as sports injuries, accidents, and a growing geriatric and obese population are contributing to this upward trend. The market experienced a temporary setback during the COVID-19 pandemic due to postponed elective surgeries and reduced wound care services. However, the demand for cartilage repair products is expected to surge post-pandemic. Technological advancements and innovative treatment approaches, including platelet-rich plasma injections and extracellular matrix implants, are further propelling market expansion. Despite challenges like high procedure costs and regulatory issues, the market is anticipated to grow steadily over the forecast period.
North America dominates the cartilage repair and regeneration market, driven by a high incidence of bone and joint disorders and a significant geriatric and obese population. The region's market growth is also supported by increased sports-related injuries and a surge in product launches, mergers, and acquisitions. The knee segment, in particular, is expected to see substantial growth due to the rising prevalence of knee replacements and osteoarthritis. The market is moderately fragmented, with key players like Zimmer Biomet, Stryker Corporation, and Arthrex, Inc. focusing on expanding their product portfolios through strategic partnerships and acquisitions. Regulatory approvals and breakthrough device statuses for new products are further enhancing market prospects.
Global Cartilage Repair/Regeneration Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Prevalence of the Joints and Bones Disorders around the World and Increasing Geriatric Population
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1.2.2 Technological Advancements in Cartilage Repair/Regeneration
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1.2.3 Increasing Number of Injuries and Accidents
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1.3 Market Restraints
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1.3.1 High Costs of Cartilage Repair Procedures
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1.3.2 Regulatory and Reimbursement Issues
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Types of Cartilage
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2.1.1 Fibrocartilage
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2.1.2 Hyaline Cartilage
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2.1.3 Others
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2.2 By Treatment Modality
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2.2.1 Cell-based
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2.2.2 Non-Cell-based
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2.3 By Treatment Type
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2.3.1 Palliative
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2.3.2 Intrinsic Repair Stimulus
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2.4 By Application Site
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2.4.1 Knee
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2.4.2 Spine
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2.4.3 Ankle
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2.4.4 Hip
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2.4.5 Others
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle-East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle-East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Global Cartilage Repair/Regeneration Market Size 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.