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Cartilage Repair Market Size

Report ID: GMI7092
Published Date: Oct 2023
Report Format: PDF

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Cartilage Repair Market Size

Cartilage Repair Market size was valued at USD 708.1 million in 2022 and is estimated to reach around USD 1.8 billion by 2032. Advancements in regenerative medicine, including stem cell therapy and growth factor treatments, are providing promising non-surgical options for cartilage repair, contributing to market progress.

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Increased awareness of the importance of cartilage health and the availability of cartilage repair options has led more people to seek treatment for joint pain and injuries. Further, the introduction of biological products, such as autologous chondrocyte implantation (ACI) and cartilage-derived scaffolds, has enhanced the effectiveness of cartilage repair, boosting demand for these treatments. Moreover, as healthcare expenditure continues to increase in many regions, patients have more access to cartilage repair procedures and technologies.

Cartilage Repair Market Report Attributes
Report Attribute	Details
Base Year:	2023
Cartilage Repair Market Size in 2023:	USD 789.3 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	10%
2032 Value Projection:	USD 1.87 Billion
Historical Data for:	2018 to 2023
No. of Pages:	190
Tables, Charts & Figures:	384
Segments covered:	Modality, Type, Application, End-use, and Region
Growth Drivers:	Increasing incidence of osteoarthritis Rise in sports-related injuries Technological advancements Rise in geriatric population
Pitfalls & Challenges:	High costs associated with cartilage repair procedures

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Cartilage repair refers to the process of restoring damaged or injured cartilage, a tough and flexible connective tissue that covers the ends of bones in joints, such as the knee, hip, and shoulder. Cartilage serves as a cushion and provides a smooth surface for joint movement. When cartilage is damaged due to injury, degeneration, or disease, it can lead to pain, reduced joint function, and the development of conditions like osteoarthritis.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Cartilage repair industry was worth USD 789.3 million in 2023 and is estimated to reach USD 1.87 billion by 2032 attributed to the growing advancements in regenerative medicine worldwide.

The hyaline cartilage segment held more than 55% share of the cartilage repair industry in 2022 and is set to witness high demand through 2032 owing to the increasing number of injuries to articular cartilage among athletes.

North America cartilage repair industry size was more than USD 364 million in 2022 and is set to expand at robust pace through 2032 owing to the availability of health insurance coverage, including orthopedic procedures.

Some of the leading cartilage repair companies are Zimmer Biomet, Smith & Nephew Plc, Arthrex, Inc., Conmed Corporation, B. Braun Melsungen AG, Stryker Corporation, Vericel Corporation, Anika Therapeutics, Inc., Johnson & Johnson Services, Inc., and Becton, Dickinson and Company.