Knee Cartilage Repair Market Size AndForecast
The Global Knee Cartilage RepairMarket report provides a holistic evaluation of the market for the forecastperiod. The report comprises various segments as well as an analysis of thetrends and factors that are playing a substantial role in the market. Thesefactors; the market dynamics involve the drivers, restraints, opportunities,and challenges through which the impact of these factors in the market isoutlined. The drivers and restraints are intrinsic factors whereasopportunities and challenges are extrinsic factors of the market. The GlobalKnee Cartilage Repair Market study provides an outlook on the development ofthe market in terms of revenue throughout the prognosis period.
Knee Cartilage Repair Market was valued at USD 2.36 Billion in2019 and is projected to reach USD3.87 Billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.
What is Knee Cartilage Repair?
Knee cartilage repair is a processto repair frayed and tattered cartilage and to smoothen the remaining surfaceof the cartilage. Cartilage covers the bone ends and smoothens the jointmovement. The diagnosis of knee cartilage damage is done by medical imaging andclinical examination. Knee cartilage damage usually occurs at the back of thekneecap and the bottom of the femur. Knee cartilage repair is suggested topatients suffering from congenital abnormalities, Hormonal disorders, or Sportsinjury or trauma. Articular knee damage is graded from 0 to 4 according to itsseverity. Grade 0 is normal healthy cartilage, Grade 1 damaged cartilage hasblisters or a spot, Grade 2 damaged cartilage has minor visible tears, Grade 3damaged cartilage has deep crevices while Grade 4 damaged cartilage has exposedunderlying bone.
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Global Knee Cartilage Repair MarketOutlook
In the report, the market outlooksection mainly encompasses fundamental dynamics of the market which includedrivers, restraints, opportunities and challenges faced by the industry.Drivers and restraints are intrinsic factors whereas opportunities andchallenges are extrinsic factors of the market.
Rising cases of joint and bonedisorders, as well as an increasing geriatric population, are the factors thatexpect growth in the forecasted period. Prevalence of orthopedic injuries &osteoarthritis is expected to fuel the growth of the knee cartilage repairmarket. Increased government funding for research in this segment will leveragethe market in the coming years. Road accidents can also act as a growthcontributing factor. According to the American Orthopeadic Society for SportsMedicine, approximately 3.5 million athletes suffer from sports injuries everyyear. This is likely to boost the growth of the market in projected years. Onthe other hand, high prices of knee cartilage surgeries can be a restrainingfactor
Verified Market Research narrowsdown the available data using primary sources to validate the data and use itin compiling a full-fledged market research study. The report contains aquantitative and qualitative estimation of market elements which interests theclient. The “Global Knee Cartilage Repair Market” is mainly bifurcated intosub-segments which can provide a classified data regarding latest trends in themarket.
Global Knee Cartilage Repair MarketCompetitive Landscape
The “Global Knee Cartilage RepairMarket” study report will provide a valuable insight with an emphasis on globalmarket including some of the major players such as Zimmer Biomet, StrykerCorporation, DePuy Synthes, Smith & Nephew plc, Vericel Corporation, OsirisTherapeutics Inc., B.Braun Melsungen AG, Anika Therapeutics, Inc., Arthrex,Inc.,and Collagen Solutions Plc. Our market analysis also entails a sectionsolely dedicated for such major players wherein our analysts provide an insightto the financial statements of all the major players, along with its productbenchmarking and SWOT analysis. The competitive landscape section also includeskey development strategies, market share and market ranking analysis of theabove-mentioned players globally.
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Knee Cartilage Repair Market, By Treatment Modality
• Cell-Based
o Chondrocyte Transplantation
o Growth Factor Technology
• Non-Cell-Based
o Tissue Scaffolds
o Cell-Free Composites
Knee Cartilage Repair Market, By Treatment-Type
• Palliative
o Viscosupplementation
o Debridement & Lavage
• Intrinsic Repair Stimulus
Knee Cartilage Repair Market, By Site
• Knee Cartilage Repair
o Arthroscopic Chondroplasty
o Autologous Chondrocyte
o Osteochondral Grafts Transplantation
o Cell-based Cartilage Resurfacing
o Microfracture
o Other
Knee Cartilage Repair Market, By Application
• Hyaline
• Fibrocartilage
Knee Cartilage Repair Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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