Global Knee Cartilage Repairing Market


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Global Knee Cartilage Repairing Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023


Ligament is the rubbery and delicate material present in bone joints and keeps the contact between the bones. The knee ligament accessible in the market incorporate fibrocartilage, articular ligament, and versatile ligament. Ligament harm primarily happens due to the osteoarticular infection, different physiological conditions, and mischances. Harm to the ligament limits ordinary developments of the knee causing torment and regularly happens after horrendous and contorting wounds of the knee. Knee ligament repair is gainful for the conditions like postponed unions, moderate recuperating wounds, and malunions.

 

Knee ligament repairing market is developing at a noteworthy CAGR because of the expansion in the geriatric populace. The expansion in large populace, rising frequency of games wounds, osteoarthritis, and chondrodystrophic driving are the central point driving the development of knee ligament repairing market over the estimate time frame. Mechanical headways, the ascent in number of mishaps and related wounds and expanding interest for negligibly obtrusive surgical items are the key components boosting the development of knee ligament repairing market. Notwithstanding, the high cost of treatment and negative repayment situation are the major limiting elements of the knee ligament repairing market. Complexities of ligament repair surgeries are likewise anticipated that would hamper the development of knee repairing market over the gauge time frame.

 

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The knee cartilage repairing market is segmented on the basis of treatment modality, by application, procedure type, and end-user.

 

Based on treatment modality, knee cartilage repairing market has been segmented into the following:

 

Based on application, knee cartilage repairing market has been segmented into the following:

 

Based on procedure type, knee cartilage repairing market has been segmented into the following:

 

Based on the end-user, knee cartilage repairing market has been segmented into the following:

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Rising incidence and prevalence of obesity and diabetes is expected to propel the knee cartilage repairing market over the forecast period. According to the American Heart Association (AHA), the global geriatric population may be increased to 20% of the total population by 2030 which is expected to boost the cartilage repair market over the forecast period. Increase in the road accidents (according to World Health Organization, approximately 1.25 million people die each year in road accidents worldwide), and sports-related injuries (according to American Orthopaedic Society for Sports Medicine, more than 3.5 Mn athletes has received treatment due to sports injuries every year) are expected to fuel the knee cartilage repairing market over the forecast period. Developing technology in the knee cartilage repairing treatment also fuel the growth of knee cartilage repairing market. For instance, the German firm Amedrix GmbH has developed the minimally invasive surgical procedure for the treatment of cartilage defects.

 

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Geographically, knee cartilage repairing market has been segmented into following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America accounts for a major revenue share in the global market followed by Europe. The factors which are responsible for the growth of knee cartilage repairing market in the region are an increase in geriatric population and rapid degenerative changes of the knees. Furthermore, the growth of the knee cartilage repairing market is partly driven by the expanded access to health insurance coverage in the U.S. through the Medicare and the Medicaid. Rise in prevalence of osteoporosis in France, U.K. (according to National Health Service, over 3 Mn people are affected to osteoporosis in the UK each year), and Germany is anticipated to bolster the knee cartilage repairing market in the Europe region. The presence of skilled healthcare professionals as well as rising bone and joint disorders expected to create the huge demand for surgery products in Germany. Asia Pacific is the most profitable region for knee cartilage repairing market owing to increase in the prevalence of diabetes (according to International Diabetes Federation 2015, approximately 109.6 Mn people were affected with diabetes in China, 1 Mn cases were reported Australia, and 7.2 Mn diabetes cases in Japan), rise in prevalence of osteoporosis in Australia and New Zealand (according to the Osteoporosis Australia over 1 Mn Australians and as per Burden of Osteoporosis in New Zealand (BONZ), the number osteoporosis at different sites in the skeleton was 84,000 cases in 2007, which is expected to reach 116,000 by 2020), increase in demand for elder care and treatment for age related conditions, and rise in medical tourism in Asia Pacific region anticipated to fuel the knee cartilage repairing market over the forecast period. Latin America and Middle East & Africa region are expected to fuel the demand for cartilage repair products during the forecast period due to increase in obese (overweight) population.

 

Some of the players in knee cartilage repairing market are Medtronic (U.S.), Biomet, Inc. (Zimmer Biomet Inc.) (U.S.), ConMed Corporation (U.S.), Depuy Synthes (Johnson and Johnson Services, Inc.) (U.S.), Arthrex, Inc. (U.S.), Smith & Nephew PLC (U.K.), LifeNet Health, Inc. (U.S.), Anika Therapeutics, Inc. (U.S.), Stryker Corporation (U.S.), and Vericel Corporation (U.S.), to name a few.

 

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