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What Growth Projections are in Place for the Cartilage Degeneration Market Between 2024-2033?

The market size for cartilage degeneration has seen robust growth in the past few years. The market, which is worth $11.88 billion in 2023, is projected to increase to $12.63 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 6.3%. Factors that have contributed to the growth during the historical period include an aging population, joint injuries, a growing obesity crisis, sports-related injuries, and limited capacity for self-repair.

Predictions for the cartilage degeneration market size anticipate a noticeable surge in the upcoming years. It is projected to climb up to $15.64 billion by 2028 with a compound annual growth rate (CAGR) of 5.5%. Factors such as advancements in regenerative medicine, biologic injections, tissue engineering solutions, precision medicine, and robotics-assisted surgery are expected to fuel the growth in the projected period. The forecast period is also set to witness significant trends including stem cell therapies, the use of 3D printing in orthopedics, gene therapy for cartilage repair, individualized rehabilitation programs, and the application of telemedicine for follow-up care.

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What Are the Major Factors Contributing to the cartilage degeneration Market Expansion?

The escalating occurrence of obesity is projected to boost the cartilage degeneration market in the foreseeable future. Obesity, a health ailment typified by an inordinate accumulation of body fat that potentially damages a person’s health, can jumpstart and hasten cartilage degeneration due to increased cartilage compressive forces and inflammatory cytokines. The condition instigates several unhealthy modifications to the entire knee joint structure like abnormal joint loading, joint disalignment, and muscle debility. For example, in May 2023, the Government Digital Service of the UK noted that between 2021-2022, about 63.8% of adults aged 18 years and above were either overweight or battling obesity, an upsurge from the prior year’s 63.3%. Additionally, an estimated 25.9% of adults were categorized as obese, demonstrating a 25.2% escalation from 2020 to 2021. Hence, the growing prevalence of obesity is stimulating the momentum of the cartilage degeneration market.

Which Key Segments Shape the Cartilage Degeneration Market?

1) By Procedure: Joint Replacements, Chondroplasty, Osteochondral Transplants, Microfracture, Meniscus Transplants, Cell-Based Cartilage Resurfacing, Autologous Chondrocyte Implantation, Other Procedures

2) By Application: Knee, Hip, Other Applications

3) By End User: Hospitals And Specialty Clinics, Ambulatory Surgical Centers, Academic And Research Institutes

What Are the Transformative Trends Influencing the Cartilage Degeneration Market?

The cartilage degeneration market is witnessing a surge in innovative product development from key players, such as the cell-free, out-of-the-box implant, Agili-C, that aids in bone regeneration and cartilage rebuilding. For example, in July 2023, CartiHeal Ltd., a medical device organization based in Israel, announced their inaugural commercial implantation of Agili-C. The product is designed to support the natural regeneration of subchondral bone and articular cartilage, rather than being dependent on cells or growth factors. The implant is constructed with natural aragonite, a type of calcium carbonate, sourced from coral exoskeletons, which encourages chondrocytes from the adjacent cartilage to move into the structure, leading to extracellular matrix deposition. The authorization of the product improves its worth by reaffirming to patients and healthcare providers about its safety and efficacy as a valid treatment.

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What Regions Are Leading the Growth Trajectory of the Cartilage Degeneration Market?

North America was the largest region in the cartilage degeneration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cartilage degeneration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Cartilage Degeneration Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the cartilage degeneration market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Cartilage Degeneration Market Include

1. Cartilage Degeneration Market Executive Summary

2. Cartilage Degeneration Market Segments

3. Cartilage Degeneration Market Size And Template Market Growth Rate

4. Key Cartilage Degeneration Market Trends

5. Major Cartilage Degeneration Market Drivers

……

25. Key Mergers And Acquisitions In The Cartilage Degeneration Market

26. Top Cartilage Degeneration Companies

27. Cartilage Degeneration Market Opportunities And Strategies

28. Cartilage Degeneration Market, Conclusions And Recommendations

29. Appendix

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