According to a recent report by Reports and Data, the global Cartilage Repair Market is projected to reach USD 2,268.8 million by 2028, growing at a CAGR of 14.5% during the forecast period. The growth of the market is primarily attributed to the increasing incidence of joint injuries due to obesity, sports injuries, accidents, and other medical conditions.

Cartilage Repair surgery is typically required by young adults and athletes suffering from knee joint injuries, such as meniscal or ligament tears. Since cartilage healing is a slow process, procedures like autologous chondrocyte implantation and cell-based cartilage resurfacing are used to promote the growth of new cartilage in joints. Cartilage Repair and restoration provides significant relief from pain and allows better joint movement, helping to delay or prevent the onset of arthritis.

Get a free sample PDF of the report, visit @

https://www.reportsanddata.com/download-free-sample/1735

Cartilage is a connective tissue present in joints and has limited ability to heal itself or accept donor cartilage due to its poor blood supply. As a result, major companies are investing in research and development to find better solutions for cartilage regeneration and repair, particularly as the degeneration of meniscus tissue affects many patients globally.

Recently, researchers have developed 3D technology that can bio-print a 3D hybrid tissue capable of regenerating cartilage using specialized bio-inks. These inks consist of hydrogels that help develop a new formulation that creates a microenvironment conducive to cell growth and provides structural support.

However, the high cost of Cartilage Repair surgeries and a shortage of skilled surgeons may impede revenue growth in the market in the future. According to the report, the fibrocartilage segment contributed significantly to revenue in 2020, while the cell-based segment represented the largest share of revenue.

To know more about the latest insights of the report, visit @

https://www.reportsanddata.com/request-latest-insight/1735

North America accounted for the largest revenue share in 2020, driven by increasing investments in research and development of cutting-edge Cartilage Repair procedures, rising prevalence of obesity, and increasing healthcare spending. The presence of various major players in the region is also boosting revenue growth.

Some of the leading companies in the global Cartilage Repair market include 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.

The report segments the global Cartilage Repair market based on treatment modality, application, treatment type, end use, and region. Treatment modalities include cell-based, non-cell-based, and growth factor technology, while applications include hyaline, fibrocartilage, elastic cartilage, and others. Treatment types include palliative, viscosupplementation, debridement & lavage, intrinsic repair stimulus, and others, while end-use includes hospitals, clinics, ambulatory surgical centers, and others.

In conclusion, the global Cartilage Repair market is expected to experience significant growth over the forecast period, driven by the increasing incidence of joint injuries and the development of advanced technologies for cartilage regeneration and repair. However, the high cost associated with Cartilage Repair surgeries and the shortage of skilled surgeons could pose challenges to the growth of the market.

Request customization of the report @

https://www.reportsanddata.com/request-customization-form/1735

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Browse for more reports…