The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Cartilage Repair Global Market Report 2024, the cartilage repair market is expected to show promising growth in the forecast period.

The cartilage repair market has seen rapid growth recently, fueled by factors such as increasing joint disorders, higher diagnosis rates, and significant healthcare investments. This blog explores the key drivers of market expansion, projected growth, and emerging trends shaping the future of cartilage repair.

Current Market Dynamics

• Market Size 2023: $1.24 billion
• Expected Market Size 2024: $1.42 billion
• CAGR (2023-2024): 14.6%

Growth Drivers:

• Joint Disorders: Rising incidence of joint disorders.
• Awareness and Diagnosis: Increased awareness and higher diagnosis rates.
• Healthcare Expenditure: Growing investments in healthcare.
• Collaborations and Partnerships: Strategic alliances boosting innovation and market reach.

Future Market Projections

• Market Size 2028: $2.3 billion
• CAGR (2024-2028): 12.8%

View More On The Cartilage Repair Market Report 2024 – https://www.thebusinessresearchcompany.com/report/cartilage-repair-global-market-report

 Key Growth Factors:

• Aging Population: Increasing geriatric population requiring cartilage repair.
• Sports Injuries: Rising number of sports-related injuries.
• Regulatory Support: Enhanced support for advanced therapies.
• Non-Invasive Treatments: Growing preference for non-invasive treatment options.

Major Trends Shaping the Market

Technological Advancements and Regulatory Approvals

• Innovative Therapies: Development of advanced therapies and products.
• Regulatory Approvals: Standardization and approval of new treatments.
• Patient Preference: Shift towards biologics and minimally invasive procedures.
• Healthcare Infrastructure: Improvement and expansion of healthcare facilities.

Impact of Road Accidents and Sports Injuries

Increasing Need for Cartilage Repair

• Road Accidents: Significant rise in road accidents necessitating cartilage repair.
  • Example: According to the Insurance Institute for Highway Safety, road crashes in the US increased from 35,935 in 2020 to 39,508 in 2021.
• Sports Injuries: High incidence of sports-related injuries among children and teenagers.
  • Example: Cary Orthopaedica reported over 3.5 million sports-related injuries annually among US youth.

Innovative Breakthroughs in Cartilage Repair

Development of Chondro-Gide

• Chondro-Gide: A bilayer collagen membrane used in cartilage repair.
  • FDA Approval: In February 2021, Geistlich Pharma AG received breakthrough device designation from the FDA for Chondro-Gide.
  • AMIC Technique: Utilized in Autologous Matrix-Induced Chondrogenesis for knee cartilage defects.

Strategic Acquisitions

Bioventus Inc.’s Acquisition of CartiHeal Ltd.

• Acquisition Details: In July 2022, Bioventus Inc. acquired CartiHeal Ltd. for $315 million.
  • Impact: Strengthened Bioventus’s position in the cartilage repair market by accessing CartiHeal’s expertise and product portfolio, including Agili-C.

Market Segmentation

The cartilage repair market is segmented by:

1. Treatment Modality:
   • Cell-Based
   • Non-Cell-Based
2. Site:
   • Knee
   • Hip
   • Ankle and Foot
   • Other Application Sites
3. Application:
   • Hyaline Cartilage
   • Fibrocartilage
4. End User:
   • Hospital and Clinic
   • Ambulatory Surgical Center (ASC)
   • Other End-Users

Regional Insights

• North America: The largest region in the cartilage repair market in 2023.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period.

Conclusion

The cartilage repair market is on a rapid growth trajectory, driven by the increasing incidence of joint disorders, sports injuries, and road accidents. Technological advancements, strategic acquisitions, and regulatory support are further propelling market expansion. With the aging population and rising preference for non-invasive treatments, the market is poised for continued growth in the coming years.

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