The global cartilage repair market size is expected to reach USD 2,268.8 Million in 2028 and register a revenue CAGR of 14.5% over the forecast period, according to the latest report by Reports and Data. Steady revenue growth of the global cartilage repair market is primarily due to rising incidence of joint injuries owing to obesity, accidents, playing sports, and some other medical conditions/diseases. In most cases, patients with cartilage damage comprise youngsters and adults suffering from knee joint injuries such as meniscal or ligament tears, need knee cartilage repair surgery. Healing of damaged cartilage is a slow process, thus, procedures such as autologous chondrocytes implantation and cell-based cartilage resurfacing are employed to stimulate growth of new cartilage in joints. Cartilage repair and restoration provides significant relief from pain and allow better joint movement, and this helps to delay or prevent onset of arthritis.
Compared with other body tissues, cartilage has a poor blood supply, and therefore has limited potential to heal itself or to support donor cartilage. It is a connective tissue found in various parts of the body, especially joints. Major players are investing in R&D of better solutions for cartilage regeneration and repair as degeneration of meniscus (fibrocartilage) tissue affects a large number of patients across the globe. Researchers have recently developed 3D technology that helps to bio-print a 3D hybrid tissue constructed for regenerating cartilage by using specialized bio-inks. These inks comprise hydrogels to develop a new formulation that creates a cell-friendly microenvironment and provides structural integrity.
However, high cost associated with cartilage repair surgeries and dearth of skilled surgeons are factors that could hamper market revenue growth over forecast period.
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Some Key Highlights from the Report
For the purpose of this report, Reports and Data has segmented the global cartilage repair market based on treatment modality, application, treatment type, end use, and region:
Treatment Modality Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Treatment Type Outlook (Revenue, USD Billion; 2018–2028)
End Use Outlook (Revenue, USD Billion; 2018–2028)
Regional Outlook (Revenue, USD Billion; 2018–2028)
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