Published on : Apr 23, 2018
Albany, New York, April 23, 2018: It is well-known that the knee is a complex joint that is vulnerable to a variety of injuries, especially among aging population. The speedily increasing ratio of geriatrics in the world’s population is becoming the primary driver of the knee cartilage repair market. Market Research Hub (MRH) has freshly announced the addition of a study titled “Knee Cartilage Repair Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2023” to its massive repository, which reveals vital details about the current market scenario along with its future growth prospects. According to the research outcomes, the demand in the global knee cartilage regeneration market will multiply at a CAGR of 5.95% during the forecast period of 2017 to 2023.
The research report also includes key developments taking place in the knee cartilage repair industry including the events that took place in the past and the events that are likely to take place during the forecast period 2017-2023. For providing a snapshot of this market to the stakeholders, an executive summary section is included in this report, which reviews the market size, trends and competition for different knee cartilage repair products in six major regions. The regions include Latin America, North America, Europe, Asia Pacific, the Middle East & North Africa and Rest of the World.
Moreover, the insightful report has been segmented on the basis of procedure type into arthroscopic chondroplasty, autologous chondrocyte implantation, osteochondral grafts transplantation, cell-based cartilage resurfacing, implants transplant, microfracture and others.
Key Dynamics Supporting Market Growth
Presently, one of the most common disorders among geriatrics is damage to the knee cartilage or the reduction of lubricants. Thankfully, technological advancements have led to healing repairs that can ideally regenerate or replace cartilage. Therefore, the market for the knee cartilage repair is flourishing.
Besides, the growing percentage of geriatrics, knee cartilage repair market is gaining traction from growing obesity concerns across the globe. Obese individuals are highly likely to cause damage to their knee left untreated, it may require knee replacement surgery. Knee cartilage repair has been beneficial for conditions such as mal-unions, delayed unions, and slow healing wounds.
Among the mentioned-procedure type, arthroscopic chondroplasty, microfracture, and implant are the three segments that have been showing the greatest promise for the market growth. In terms of geography, North America and Europe are expected to retain their leadership positions through 2023, owing to the rise in orthopedic procedures and introduction of technologically advanced products.
Later, in order to provide users of this report with a comprehensive view of the market, analysts have included detailed competitiveness analysis and company players with their SWOT analysis and strategic overview. The foremost players that are profiled in the report include Stryker Corporation, Zimmer Biomet, Smith & Nephew plc, DePuy Synthes, and B. Braun Melsungen AG.
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