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28-Feb-2019

Knee Cartilage Repair Market Advanced Technology, Future Opportunities And Forecast 2017-2028

Global Knee Cartilage Repair Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global knee cartilage repair market report has been segmented on the basis of application, end user, and region.

Knee cartilage in medical term is known as knee chondroplasty. A surgeon uses a special tool in order to remove frayed and tattered cartilage and smoothen cartilage surface daring surgical procedure. This procedure of cartilage reduces joint friction, which in turn helps in reducing knee pain and restoring knee function. Generally, theses surgeries are called OATs surgeries –osteochondral autograft transplantation or osteochondral allograft transplantation surgeries. Larger knee cartilage defects are managed with osteochondral allograft or total joint arthroplasty procedures.

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Increasing number of bone and joint disorders are major factor driving growth of the global knee cartilage repair market. According to World Health Organization (WHO) nearly 13% of the world’s adult population i.e. 11% of men and 15% of women were obese in 2016. In addition, growing geriatric population and increasing number of road accidence are another factor fueling growth of the global market.

Furthermore, increase cases of osteoarthritis and orthopedic injuries among the global population, government initiatives, growing obese population, rising health care spending are also factors expected to drive revenue growth of the global market. The government are funding heavily in order to conduct various research and development activities for knee cartilage repair and develop new and technologically advance product and is expected to support the growth of the target market over the forecast period.

However, complication associated with elderly population and high cost are some factors expected to hamper growth of the global market.

On the basis of applications, arthroscopic chondroplasty segment is expected to dominates the global market in terms of revenue and anticipated maintain its place in the near future. On the basis of end user, hospitals segment is expected to register highest CAGR over the forecast period.

Governments of several countries are focusing formulation different reimbursement policies which are beneficial for patients for managing the knee cartilage repair cost is currently a key trends witnessed in the target market.

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Key players

  • DePuy Synthes Companies

  • Zimmer Biomet

  • Stryker Corporation

  • Smith & Nephew plc

  • B. Braun Melsungen AG

  • Histogenics Corporation

  • ISTO Technologies, Inc.

  • MEDIPOST Co. Ltd.

  • Osiris Therapeutics, Inc.

  • TiGenix NV

  • Vericel Corporation

Editor Details

Last Updated: 28-Feb-2019