Autologous Matrix-induced Chondrogenesis Market and Factors Behind its Growing Landscape – Industry Analysis by Top Vendors, Size, Growth Factors and Forecast to 2027
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Autologous matrix-induced chondrogenesis is a medical procedure to repair articular cartilage damage and is a one-step process that uses the micro fracturing method, followed by the application of bilayer collagen I/III membrane by partially autologous fibrin glue.
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Market – Drivers
Growing prevalence of bone and joint disorders such as osteoporosis and arthritis, a growing number of sports-related injuries, and increasing demand for minimally-invasive surgery is propelling the market growth of autologous matrix-induced chondrogenesis.
For instance, according to the National Center for Biotechnology Information (NCBI) 2016 report, over 200 million people are suffering from osteoporosis worldwide in 2015. 1 in 3 women over the age of 50 years and 1 in 5 men will experience osteoporosis fractures in their lifetime.
A growing number of surgeries is further projected to fuel the autologous matrix-induced chondrogenesis market growth over the forecast period. For instance, according to the American Academy of Orthopaedic Surgeon (AAOS) 2019 report, around 267,000 knee replacements are performed each year in the U.S.
Market – Restraints
On the flip side, unfavorable reimbursement policies and high cost of cartilage replacement are projected to hinder the growth of the autologous matrix-induced chondrogenesis market. Several health insurance companies do not insure AMIC procedure. For instance, according to Blue Cross Blue Shield of North Carolina 2019, for patients without health insurance, a total hip replacement usually costs between US$ 31,839 and US$ 44,816, with an average cost of US$ 39,299 in the U.S.
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Based on region, the autologous matrix-induced chondrogenesis market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to hold a leading position in the autologous matrix-induced chondrogenesis market over the forecast period, and this can be attributed to increasing sports-related injuries in the region. For instance, according to the National Safety Council (NSC) report, in 2017, over 526,000 sports-related injuries were reported in the U.S.
The Asia Pacific is projected to witness significant growth over the forecast period, due to the growing demand for minimally-invasive surgery in the region. For instance, according to the National Center for Biotechnology Information, in 2017, minimally-invasive surgery was carried out firstly in China. Laparoscopy surgery was one of the first types of minimally-invasive surgery.
Key players operating in the autologous matrix-induced chondrogenesis market include Biotissue AG, Arthro-Kinetics, JRL Orthopaedic Ltd, B Braun, Melsungen AG, Matricel GmbH, Geistlich Pharma AG, and Zimmer Biomet Holdings.
Market – Taxonomy
The global autologous matrix-induced chondrogenesis market is segmented based on material type, application, and region.
By Material Type
- Polyethylene Glycol
- Polylactic-Co-Glycolic Acid
- Hyaluronic Acid
- Knee Cartilage
- Elbow Cartilage
- Hip Cartilage
- North America
- Latin America
- Asia Pacific
- Middle East
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