KEY FINDINGS The global cartilage repair market is projected to record a CAGR of 15.42% during the forecast period, 2021-2028. The factors fueling the market growth are the rising geriatric population, the increasing sports injuries, and the growing prevalence of obesity.
MARKET INSIGHTS Cartilage repair includes the restoration of cartilage, wherein the damaged cartilage is replaced with an extracellular matrix and new cells.The increasing obesity and sedentary lifestyle are among the factors expected to contribute to market growth.
Sports, athletics, and gymnastics have their share of major injuries.The flexibility of joints and muscles plays a crucial role in aiding the performance during such activities.
The constant wear-and-tear of muscles, and the accidents & risks associated with activities, subject the athletes to orthopedic injuries, including stress fractures, tearing or stretching of internal structures, and chronic pain.Sports injuries like loose bone & cartilage and torn cartilage & ligament can be treated using cartilage restoration procedures.
The increasing sports-related injuries are anticipated to propel market growth. However, the high costs associated with and the lack of a favorable regulatory environment can hamper the market growth.
REGIONAL INSIGHTS The geographical segmentation of the global cartilage repair market includes the analysis of the Asia Pacific, Europe, North America, and rest of world.The Asia Pacific region is set to witness the highest growth in the global market.
The expectant market prospects are accredited to the increasing demand for orthopedic devices and the rising prevalence of lifestyle diseases leading to bone & joint ailments.
COMPETITIVE INSIGHTS The competitive rivalry is high among the market players in their specific segments.Some of the well-established players in the market are Conmed Corporation, Integra Lifesciences Corporation, B.
Braun Melsungen AG, Arthrex Inc, Cryolife Inc, etc.
Our report offerings include: • Explore key findings of the overall market • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges) • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions • Market Segmentation cater to a thorough assessment of key segments with their market estimations • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc. • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc. • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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Report Scope: Medication adherence systems include hardware-based systems (e.g., smart pill bottles, smart caps, automated pill dispensers, electronic trays, smart medical watches, smart medical alarms, wearable sensors and other packaging systems) and software-based internet applications (e.g., cloud-based databases, health...
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