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(Medical-NewsWire.com, October 04, 2019 ) What are the Global Growth Factors Cartilage Regeneration Market?
Increase in obese population and rising incidence of sports injuries are the major factors driving the growth of this market. However, high cost of therapy and unfavorable reimbursement scenario are the major factors that are restraining the growth of the Cartilage Regeneration Market.
What The Experts Says about the Market Growth?
The Cartilage Regeneration Market is projected to reach $779.8 Million by 2021, growing at a CAGR of 13.5%
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Browse and in-depth TOC on "Cartilage Regeneration Market"
63 – Tables
22 - Figures
102 - Pages
On the basis of treatment modalities, the market is segmented into cell based approaches and non-cell based approaches. Cell based approaches are further segmented into chondrocyte transplantation, growth factor technology, and stem cells. Non-cell based approaches are segmented into tissue scaffolds and cell-free composites. The cell based approaches segment is expected to account for the largest market share in 2016.
This treatment modality segment is also expected to be the fastest growing segment in the cartilage regeneration industry. The large share and high growth of this segment can be attributed to long-term results of these therapies in terms of cartilage repair which makes it most preferred therapy. The chondrocyte transplantation approach hold largest share of cell-based treatment segment owing to its long-term results.
On the basis of applications, the market is segmented into hyaline cartilage and fibrocartilage. Among this segments, the hyaline cartilage segment is expected to account for the largest market share in 2016. Hyaline cartilage application segment is also expected to be the fastest growing application segment in the cartilage regeneration industry. The large share and high growth of this segment can be attributed to the high prevalence of cartilage damage in hyaline cartilage.
A combination of bottom-up and top-down approaches was used to calculate the market sizes and growth rates of the global cartilage repair market and its sub segments. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Primary interviews with key opinion leaders were also used to determine the percentage shares of each subsegment and the relative differences in growth rates.
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Geographical Analysis of Cartilage Regeneration Market:
North America is expected to be the fastest-growing regional segment in the cartilage repair market. North America is also expected to account for largest share in the cartilage regeneration market, by region in 2016. The high growth and largest share of this segment can primarily be attributed to the expansion of the cartilage repair market in this region due to presence of major players in this market and wide availability of cartilage repair products.
Key Market Players Cartilage Regeneration Market:
The major players operating in the cartilage regeneration market include Zimmer Biomet Holdings, Inc. (U.S.), Vericel Corporation (U.S.), Smith & Nephew plc (U.K.), Osiris Therapeutics, Inc. (U.S.), and Arthrex Inc. (U.S.).
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