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Knee Cartilage Repair Market Benefits From Modernization Of Technology In Healthcare Industry Health Articles | July 19 Zdeno Chara Jersey Authentic , 2016

Cartilage is a soft and rubbery material present in the bone joint and is involved in preventing friction between the bones by acting as a shock absorber in the joint.



According to a new market research report published by Transparency Market Research “Knee Cartilage Repair Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” the global knee cartilage repair market was valued at US$ 1.6 Bn in 2014 and is estimated to reach a market value of US$ 2.7 Bn in 2023 expanding at a CAGR of 5.8% from 2015 to 2023.


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Cartilage covers the bone joints and enables bone to slide one over another. Cartilage damage is identified as a common type of injury caused due to accident John Moore Jersey Authentic , osteoarticular disease and various physiological conditions. There are three types of cartilage available in the market includes elastic cartilage, fibrocartilage and articular cartilage.聽 The knee cartilage repair market is growing at a significant pace due to rising obesity incidences, growing geriatric population, and increasing demand for minimally invasive surgical products. Moreover, growing medical tourism in Asian countries is likely to boost demand for knee cartilage repair products in the region. However Brandon Carlo Jersey Authentic , disease transmission and lack of favorable reimbursement could hamper market growth from 2015 to 2023. The global knee cartilage repair market was valued at US$ 1,657.7 Mn in 2014 and is expected to reach US$ 2,751.8 Mn by 2023, expanding at a CAGR of 5.8% from 2015 to 2023.聽


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The global knee cartilage repair market has been segmented into procedure types comprising arthroscopic chondroplasty, autologous chondrocyte implantation Chris Wagner Jersey Authentic , osteochondral grafts transplantation, cell-based cartilage resurfacing, implants transplant, microfracture, and others. Arthroscopic chondroplasty accounted for the largest share of the market in 2014 due to easily availability of the procedure in the hospitals and faster recovery time as compared to other traditional methods of open knee surgeries. Arthroscopic chondroplasty involves repair of a small area of damaged cartilage in the knee.


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Meniscal tears are the most common reason for arthroscopic chondroplasty. However Anders Bjork Jersey Authentic , cost associated with arthroscopic chondroplasty is a major concern that is expected to restrict the market growth to some extent during the forecast period. Autologous chondrocyte implantation is a relatively new state-of-the-art technology used for the treatment of isolated full-thickness articular cartilage defects of the knee. The procedure is widely used and has been approved by the U.S. FDA. The autologous chondrocyte implantation segment is likely to expand at the highest CAGR during the forecast period from 2015 to 2023 owing to the growing preference for the procedure, short turnaround time for patient recovery, and its rising awareness.


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Knee cartilage implants are constructed using ceramics, synthetic product and plastic materials. Metal implants are made up of titanium or cobalt-chromium based alloys, while plastic parts are designed using ultra-high molecular weight polyethylene. Likewise Bobby Orr Jersey Authentic , biological or synthetic material that is utilized for the development of synthetic knee implants. The synthetic implant is experiencing high demand for various orthopedic surgeries worldwide due to growing preference towards synthetic cartilage and lack of post implantation infections. Rising sports injuries and growing preference by athletes toward microfracture increases demand globally. According to the Centers for Disease Control and Prevention (CDC), high school athletes alone account for 2 million injuries, 50,000 doctor visits, and 30 David Pastrnak Jersey Authentic ,000 hospitalizations each year in the U.S. alone.


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The global knee cartilage repair market is fragmented, with leading players accounting for majority share of the market. The key competitors contributing to the global knee cartilage repair market growth include B. Braun Melsungen AG, DePuy Synthes, Smith & Nephew plc,Stryker Corporation Brad Marchand Jersey Authentic , and Zimmer Biomet.


The global knee cartilage repair market is segmented into the following categories:


Global Knee Cartilage Repair Market, by Procedure Types

Arthroscopic Chondroplasty Autologous Chondrocyte Osteochondral grafts transplantation Cell-based cartilage resurfacing Implants transplant Microfracture Other Products

Global Knee Cartilage Repair Market, by Geography

North America S. Canada Europe Germany K. Rest of Europe Asia Pacific Japan China India Australia Rest pf APAC Latin America Brazil Mexico Rest of LATAM Middle East & North Africa Egypt Kuwait UAE Saudi Arabia Rest of MENA Rest of the World

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