Cartilage Degeneration Market to Witness Growth Acceleration During 2020-2027 – Leading players CartiHeal, Vericel, Arthrex, Conmed , Anika Therapeutics

The cartilage degeneration market is expected to reach US$ 14,580.10 million in 2027 from US$ 10,459.93 million in 2019. The market is estimated to grow with a CAGR of 4.4% from 2020-2027.

Cartilage plays an important role in smooth mechanical movements of bones and muscles. Degeneration of cartilage can lead to pain and chronic inflammation in joints. Furthermore, this damaged cartilage can potentially influence quality of the life. Continual research and development is leading to innovation of new techniques and methodologies to deal with damages cartilages. Some of these techniques comprises joint replacement, cell therapies, and chondroplasty amongst others.The globalcartilage degeneration marketis driven by factors such as growing number of sports injuries, and increasing prevalence of obesity. However, the high cost of cartilage repair hampers the market growth. Additionally, growing number of product approvals and developments are creating growth opportunities for the market players.

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Zimmer Biomet, CartiHeal Inc., Vericel Corporation, Depuy Synthes, Anika Therapeutics, Inc., Conmed Corporation, Arthrex,Inc., B. Braun Melsungen AG, Stryker, and Smith and Nephew Plc. amongst others are some of the leading companies operating in the cartilage degeneration market.

Based on the application, the global cartilage degeneration market is segmented into knee, hips, and other applications. The knee segment held the largest share of the market in 2019 and the same segment is estimated to register the highest CAGR in the market during the forecast period. Certain factors such as increasing prevalence of knee injuries and sport injuries are likely to offer significant opportunity for the growth of the segment. According to the data published by National Safety Council (NSC), in 2017, an estimated 526,000 injuries were caused due to personal exercise, with or without equipment in the US. Further, basketball caused the most number of injuries (~500,000), followed by bicycling (457,000) and football (341,000) in the country.

Obesity has a considerable effect on the musculoskeletal system, resulting into degeneration of bones, cartilage, and ligaments. Moreover, the condition, along with other prominent factors, is strongly allied with the increased risk of rapid cartilage loss. The growing prevalence of obesity is likely to accelerate the incidence of cartilage degeneration, which will drive the market growth.

According to the study published by the World Health Organization (WHO) in 2020, the frequency of obesity among the worldwide population has tripled since 1975. Furthermore, according to the same study, 38 million children below 5 years of age were overweight in 2019 worldwide. This massive prevalence of obesity is likely to accelerate due to unhealthy lifestyles such as consumption of junk food, sedentary lifestyle, genetic conditions, and deprivation of mental health. For instance, according to a study published by the Centers of Disease Control and Prevention, the prevalence of obesity grew from 30.5% to 42.4% during past two decades in the US. Overweight conditions among players and athletes can lead to the increasing prevalence of sports injuries. For instance, according to a study published in the British Journal of Sports Medicine in 2015, athletes with BMI index more than 30 kg/m2 are highly susceptible generationto the sports injuries. Such association between obesity and cartilage degeneration is anticipated to drive the market growth by 2027.

Global Cartilage degeneration market– ByProcedure type

• Osteochondral Transplant
• Chondroplasty
• Joint Replacement
• Meniscus Transplants
• Cell-based Cartilage Resurfacing
• Others Procedures

Global Cartilage degeneration market– By Application

• Knee
• Hip
• Other Applications

Global Cartilage degeneration market– By End User

• Hospitals and Specialty
• Clinics, Ambulatory Surgical Centres
• Academic and Research Institutes

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Tags: Cartilage Degeneration, Cartilage Degeneration Market