The Regenerative Medicine For Cartilage Market Share, Market Size, And Growth Rate 2022
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The regenerative medicine for cartilage market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 8%, as per The Business Research Company’s market report!
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The Regenerative Medicine For Cartilage Market Size In 2022 And Forecast
The global regenerative medicine for cartilage market is expected to grow from $4.47 billion in 2020 to $4.83 billion in 2021 at a compound annual growth rate (CAGR) of 8.10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The regenerative medicine for cartilage market is expected to reach $6.56 billion in 2025 at a CAGR of 7.94%.
The regenerative medicine for cartilage market consists of sales of regenerative medicines for the cartilage by entities (organizations, sole traders, and partnerships) that have the capacity to grow muscles and organs in the lab and safely implant them.
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Growth In Incidence Of Osteoarthritis Globally Is Driving The Growth Of The Regenerative Medicine For Cartilage Market
According to the Arthritis Foundation in 2019, degenerative joint disease disorders such as osteoarthritis will impact at least 130 million individuals around the globe by 2050. Some of the most commonly used treatments for osteoarthritis are autologous chondrocyte implantation and scaffold implants. Thus, the increasing incidence of osteoarthritis is expected to drive the demand for the cartilage regenerative medicine market.
Competitive Landscape And The Regional Analysis Of The Regenerative Medicine For Cartilage Market
Major players in the regenerative medicine for cartilage market are B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Vericel Corporation, Stryker Corporation, Smith & Nephew plc, Arthrex Inc., CONMED Corporation, Collagen Solutions PLC, BioTissue Technologies and CellGenix.
The Regenerative Medicine For Cartilage Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the regenerative medicine for cartilage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the regenerative medicine for cartilage market.
Tissue Engineering And Stem Cell Therapy – A Key Trend In The Regenerative Medicine For Cartilage Market
The growth of tissue engineering technology has given hope for the regeneration of cartilage. Stem cell therapy is gaining attention with its advantages over traditional orthopedic treatments. Stem cell therapy helps to reduce knee pain and improves knee cartilage regeneration and repair.
Regenerative Medicine For Cartilage Market Segmentation By The Business Research Company
1) By Treatment Modality: Cell-Based, Non-Cell-Based
2) By Treatment Type: Palliative, Intrinsic Repair Stimulus, Others
3) By Site: Knee Cartilage Repair, Ribs, Others
4) By Application: Hyaline Cartilage Repair and Regeneration, Elastic Cartilage Repair and Regeneration, Fibrous Cartilage Repair and Regeneration
5) By End-User: Ambulatory Surgical Centers, Hospitals and Clinics, Surgical Centers, Others
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