Knee Segment by Application to Grow at Faster Pace During Forecast Period
According to The Insight Partners market research study of “Cartilage Degeneration Market to 2027 – Global Analysis and Forecast by Procedure Type, Application, and End User,” the global 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 at a CAGR of 4.4% from 2020 to 2027. The report highlights trends prevailing in the global cartilage degeneration market and the factors driving market along with those that act as hindrances.
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.
The cartilage degeneration marketis expected to grow owing to factors such asincreasing prevalence of cartilage injuries. Further, increasing prevalence of obesity and aging are also anticipated to have impact on the growth of the market. However, high cost of procedure is estimated to restraint the growth of the market during the forecast years.
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.
Report : Cartilage Degeneration Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Procedure Type (Osteochondral Transplant, Chondroplasty, Joint Replacement, Meniscus Transplants, Cell-based Cartilage Resurfacing, and Others); Application (Knee, Hips and Others) End User (Hospitals & Specialty Clinics, Ambulatory Surgical Centers and Academic & Research Institutes); and Geography
The report segments global cartilage degeneration market as follows:
By Procedure Type
By End User