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Market Overview

• The chondroplasty market has witnessed significant growth in recent years.
• Expected growth from $12.92 billion in 2023 to $13.77 billion in 2024, with a CAGR of 6.6%.
• Forecasted to reach $17.29 billion in 2028, at a CAGR of 5.8%.

Factors Driving Growth

Increased Sports-Related Injuries

• Higher incidence contributing to the demand for chondroplasty.
• Non-total joint replacement preferred by patients.
• Advances in postoperative care augment market growth.

Healthcare Provider Expertise

• Growing expertise and training among healthcare professionals.
• Contributes to the adoption of chondroplasty procedures.

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Expanding Incidence of Joint Disorders

Joint-Related Disorders

• Joint disorders fueled by overuse and injuries.
• Chondroplasty addresses damaged cartilage effectively.

Market Dynamics

Technological Integration

• Integration of technology in rehabilitation and arthroscopic techniques.
• Innovations in surgical tools and navigation systems enhance outcomes.

Regenerative Medicine Integration

• Focus on regenerative medicine drives market expansion.
• Introduction of novel biomaterials boosts market growth.

Outpatient Procedure Focus

• Shift towards outpatient procedures offers convenience.
• Aligns with patient preferences and healthcare efficiency.

Innovative Solutions

Articular Cartilage Segmentation Tools

• Innovative technologies improve customer service.
• RSIP Vision’s segmentation tool offers precise cartilage assessment.

Acquisitions and Industry Developments

Avanos Medical Inc. Acquisition

• Acquired Diros Technology Inc. for $60 million in July 2023.
• Strengthens RF technology portfolio, expands pain treatment solutions.

Market Segmentation

Segmentation Overview

• Types: Radiofrequency Ablation, Abrasion, Atellar, Meniscal Repair, Tissue Removal, Others.
• Anatomy: Knee, Shoulder, Hip, Others.
• Equipment: Shavers, Radiofrequency Devices, Arthroscopes, Others.
• End Use: Hospitals, Orthopedic Clinics, Academic Research, Others.

Regional Insights

North America Dominance

• North America led the chondroplasty market in 2023.
• Reflects the region’s advanced healthcare infrastructure and high incidence of joint disorders.

Conclusion

The chondroplasty market demonstrates robust growth, driven by various factors including technological advancements, increasing joint disorders, and healthcare provider expertise. Innovations in regenerative medicine and outpatient procedures are reshaping the market landscape. With continued focus on research and development, along with strategic acquisitions, the market is poised for sustained expansion in the coming years.

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