May 18, 2020
According to the research report titled ‘Global Knee Cartilage Repair Market Size study, by Application (Arthroscopic Chondroplasty, Autologous Chondrocyte Implantation, Osteochondral Grafts Transplantation, Cell-based Cartilage Resurfacing, Implants Transplant, Microfracture and Others), End-user (Hospitals, Ambulatory surgical Centers, Orthopedics Clinics and Others) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global knee cartilage repair market is expected to generate prominent revenues by the year 2026.
In medical term, knee cartilage is called knee chondroplasty. Knee cartilage repair involves the removal of tattered and frayed cartilage and smoothening of the surface using special tools during the surgery. The procedure not only helps in reducing knee pain but also restores knee functionality. This type of surgery is also known as osteochondral autograft transplantation (OATs).
Increased pervasiveness of bone & joint disorders is a major factor driving the growth of global knee cartilage repair market. As per International Osteoporosis Foundation, osteoporosis causes around 8.9 million fractures yearly, while up to 75 million people in Japan, USA and Europe suffer from osteoporosis. Rising elderly population and high prevalence of obesity are fostering the demand for knee cartilage repair surgeries across the globe. However, lack of skilled medical professionals and high treatment costs may hinder the market growth.
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Based on the application landscape, the market is divided into microfracture, implants transplant, cell-based cartilage resurfacing, osteochondral grafts transplantation, autologous chondrocyte implantation, arthroscopic chondroplasty and others. In terms of end-user spectrum, knee cartilage repair market is split into orthopedics clinics, ambulatory surgical centers, hospitals and others.
As per the regional scope, knee cartilage repair industry in Asia-Pacific is predicted to expand substantially during the forecast period, primarily due to growing population of baby boomers.
On the other hand, North America market is expected to record momentous growth during the study period. High occurrence of bone & joint disorders is augmenting the regional demand for knee cartilage repair procedures.
TiGenix NV, Osiris Therapeutics Inc., MEDIPOST Co. Ltd., ISTO Technologies Inc., Histogenics Corp., B. Braun Melsungen AG, Smith & Nephew PLC, Stryker Corp., Zimmer Biomet and DePuy Synthes Companies are the major players in global knee cartilage repair industry.