Wilmington, Delaware, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Global Cartilage Repair and Cartilage Regeneration Market value is estimated at US$ 1.4 billion in 2023 and is expected to grow at a significant CAGR of over 8% over the forecast period of 2023-2030, according to the latest market report by RationalStat
Market Definition, Market Scope, and Report Overview
The global cartilage repair and cartilage regeneration market is anticipated to grow at a significant CAGR of around 8% during the forecast period of 2023-2030. Musculoskeletal disorders, such as osteoarthritis and sports injuries, are a major cause of cartilage damage. The increasing prevalence of these disorders is driving demand for cartilage repair and cartilage regeneration procedures.
The geriatric population is more susceptible to musculoskeletal disorders, which is driving demand for cartilage repair and cartilage regeneration procedures in this population group. Moreover, advances in cartilage repair and cartilage regeneration technologies, such as cell-based therapies and tissue engineering, are making these procedures more effective and accessible.
- According to a deep-dive market assessment by RationalStat, the global cartilage repair and cartilage regeneration has been analyzed on the basis of market segments, including type, crop type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global cartilage repair and cartilage regeneration covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global cartilage repair and cartilage regeneration. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Cartilage Repair and Cartilage Regeneration Market: Segmental and Market Share Analysis
- On the basis of type, Hyaline cartilage is the dominating segment in the global cartilage repair and cartilage regeneration market. Hyaline cartilage is the most common type of cartilage in the body. It is found in the joints, such as the knees, hips, and shoulders. Hyaline cartilage is responsible for cushioning and protecting the joints.
- Based on the application site, the knee segment is dominating the global cartilage repair and cartilage regeneration market. The high demand for knee cartilage repair and regeneration procedures is driven by a number of factors such as the high prevalence of knee injuries and technological advancements.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 1.4 billion |
| Market Size Forecast | US$ 2.4 billion |
| Growth Rate | 8% |
| Key Market Drivers |
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| Dominating Region |
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| Dominating Segment |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the global cartilage repair and cartilage regeneration growth include Anika Therapeutics, Inc., Arthrex, Inc., Braun Melsungen AG, Cyfuse Biomedical K.K., Geistlich Pharma AG, Smith & Nephew plc, Stryker Corporation, Vericel Corporation, and Zimmer Biomet, among others.
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RationalStat has segmented the global cartilage repair and cartilage regeneration market based on type, application site, and region.
- Global Cartilage Repair and Cartilage Regeneration Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Fibrocartilage
- Hyaline Cartilage
- Others
- Global Cartilage Repair and Cartilage Regeneration Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application Site
- Knee
- Spine
- Ankle
- Hip
- Others
- Global Cartilage Repair and Cartilage Regeneration Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Cartilage Repair and Cartilage Regeneration Market
- US
- Canada
- Latin America Cartilage Repair and Cartilage Regeneration Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Cartilage Repair and Cartilage Regeneration Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Cartilage Repair and Cartilage Regeneration Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Cartilage Repair and Cartilage Regeneration Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Cartilage Repair and Cartilage Regeneration Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Cartilage Repair and Cartilage Regeneration Market
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Key Questions Answered in the Cartilage Repair and Cartilage Regeneration Report:
- What will be the market value of the global cartilage repair and cartilage regeneration by 2030?
- What is the market size of the global cartilage repair and cartilage regeneration?
- What are the market drivers of the global cartilage repair and cartilage regeneration?
- What are the key trends in the global cartilage repair and cartilage regeneration?
- Which is the leading region in the global cartilage repair and cartilage regeneration?
- What are the major companies operating in the global cartilage repair and cartilage regeneration?
- What are the market shares by key segments in the global cartilage repair and cartilage regeneration?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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