Home > Healthcare > Medical Devices > Implantable Devices > Cartilage Repair Market

Cartilage Repair Market Trends

Report ID: GMI7092
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Cartilage Repair Market Trends

Osteoarthritis is a common degenerative joint condition characterized by the breakdown of cartilage in the joints. As the population ages and obesity rates rise, the prevalence of osteoarthritis has been steadily increasing. For instance, according to the Centers for Disease Control and Prevention (CDC), osteoarthritis affects over 32.5 million adults in the U.S.

With the rising incidence of osteoarthritis, there is a growing interest in regenerative therapies, including stem cell therapy treatments and growth factor-based interventions, as potential alternatives to surgical cartilage repair. These therapies are becoming more prevalent in the market to address osteoarthritis.
Osteoarthritis often necessitates surgical intervention, such as joint replacements or cartilage repair. As the number of osteoarthritis cases rises, so does the demand for these surgical procedures.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Cartilage repair industry was worth USD 789.3 million in 2023 and is estimated to reach USD 1.87 billion by 2032 attributed to the growing advancements in regenerative medicine worldwide.

The hyaline cartilage segment held more than 55% share of the cartilage repair industry in 2022 and is set to witness high demand through 2032 owing to the increasing number of injuries to articular cartilage among athletes.

North America cartilage repair industry size was more than USD 364 million in 2022 and is set to expand at robust pace through 2032 owing to the availability of health insurance coverage, including orthopedic procedures.

Some of the leading cartilage repair companies are Zimmer Biomet, Smith & Nephew Plc, Arthrex, Inc., Conmed Corporation, B. Braun Melsungen AG, Stryker Corporation, Vericel Corporation, Anika Therapeutics, Inc., Johnson & Johnson Services, Inc., and Becton, Dickinson and Company.