The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s regenerative medicine for cartilage market report forecasts the regenerative medicine for cartilage market size to grow to $7.72 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Regenerative Medicine For Cartilage Market Report 2023 – https://www.thebusinessresearchcompany.com/report/regenerative-medicine-for-cartilage-global-market-report

Regenerative Medicine For Cartilage Market Size Forecast
The global regenerative medicine for cartilage market is expected to grow from $5.28 billion in 2022 to $5.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The regenerative medicine for cartilage market size is expected to grow to $7.72 billion in 2027 at a CAGR of 7.3%.

Europe held the largest regenerative medicine for cartilage market share.

Key Regenerative Medicine For Cartilage Market Driver ­– Growth In The Incidence Of Osteoarthritis Across The Globe
Degenerative joint disease disorders such as osteoarthritis will affect at least 130 million people worldwide by 2050, according to the Arthritis Foundation. Autologous chondrocyte implantation and scaffold implants are two of the most common osteoarthritis treatments. As a result, the rising prevalence of osteoarthritis is expected to drive demand for cartilage regenerative medicine.

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Key Regenerative Medicine For Cartilage Market Trend – Adopting Tissue Engineering And Stem Cell Therapy
Tissue engineering technology advancements have given hope for cartilage regeneration. Stem cell therapy is gaining popularity due to its advantages over traditional orthopaedic treatments. Stem cell therapy relieves knee pain while also encouraging cartilage regeneration and repair. Growth factors, such as platelet-rich plasma (PRP) therapy, are injected to effectively promote tissue regeneration. To remain competitive in the regenerative medicine for cartilage market, companies are constantly focusing on introducing new technologies.

Regenerative Medicine For Cartilage Market Segment
1) By Treatment Modality: Cell-Based, Non-Cell-Based
2) By Treatment Type: Palliative, Intrinsic Repair Stimulus, Other Treatment Types
3) By Site: Knee Cartilage Repair, Ribs, Other Sites
4) By Application: Hyaline Cartilage Repair and Regeneration, Elastic Cartilage Repair and Regeneration, Fibrous Cartilage Repair and Regeneration
5) By End-Use: Ambulatory Surgical Centers, Hospitals & Clinics, Surgical Centers, Other End-Users

Regenerative Medicine For Cartilage Market Major Players and Strategies
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, CellGenix, Osiris Therapeutics Inc., and DePuy Synthes.

Smith & Nephew plc, a UK-based multinational medical equipment manufacturing company, paid $240 million for Integra LifeSciences Holdings Corporation’s orthopaedics business in September 2020. Smith & Nephew’s extremities business is expected to grow as a result of the acquisition, which includes a targeted sales channel, a portfolio of compatible upper and lower extremities, shoulder replacements, and an intriguing new product pipeline. Integra LifeSciences Holdings Corporation is a medical device manufacturing company based in the United States that specialises in solutions in extremities orthopaedics, neurosurgery, and regenerative technologies, all aimed at reducing clinician uncertainty.

The Regenerative Medicine For Cartilage Global Market Report 2023 covers regional data on regenerative medicine for cartilage market size, regenerative medicine for cartilage market trends and drivers, opportunities, strategies, and regenerative medicine for cartilage market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Regenerative medicine for cartilage is a medication used during surgery to repair damaged cartilage in the knees by using cartilage-creating cells produced by the body. To collect chondrocytes (cartilage-producing cells), a biopsy is required. These cells are then multiplied in a lab before being implanted into the injured area during surgery.

View More Reports Related To The Regenerative Medicine For Cartilage Market –
Orthopedic Regenerative Surgical Products Global Market Report 2023
Telemedicine Services Global Market Report 2023
Cell Culture Consumables And Equipment Global Market Report 2023

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