About Cartilage Degeneration
Cartilage is the kind of tissue that covers the ends of bones where they meet together in the body joint. If the cartilage has worn away, bones won’t be able to move as smoothly and in some cases can cause bone-on-bone friction and intense pain. Both synovial-dependent and synovial-independent mechanisms cause cartilage degradation. The synovial pannus infiltrates the cartilage surrounding inflammatory joints. Inflammatory cytokines and cartilage matrix-degrading proteases are produced by the inflamed hemosiderotic synovium. Synovial tissue on cartilage has damaging qualities that are already present 24 to 48 hours after a joint bleed and cause long-term harm.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 3.1% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cartilage Degeneration market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DePuy Synthes (United States), Smith & Nephew plc (United Kingdom), Zimmer Biomet (United States), CONMED Corporation (United States), Stryker Corporation (United States), Anika Therapeutics, Inc. (United States), Arthrex, Inc. (United States), B. Braun Melsungen AG (Germany) and Cyfuse Biomedical K.K. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Geistlich Pharma AG (Switzerland) and Vericel Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cartilage Degeneration market by Type (Fibrocartilage, Hyaline Cartilage and Others), Application (Knee, Spine, Ankle, Hip and Others) and Region.
On the basis of geography, the market of Cartilage Degeneration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment Modality, the sub-segment i.e. Cell-based will boost the Cartilage Degeneration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Type, the sub-segment i.e. Palliative will boost the Cartilage Degeneration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals & Clinics will boost the Cartilage Degeneration market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancements and the development of innovative treatment approaches
Market Growth Drivers:
Rising prevalence of joints and bone disorders around the globe and Rising incidence of Osteoarthritis
Challenges:
Limitation of cartilage-based stem cell products
Restraints:
High cost of cartilage repair surgeries
Opportunities:
Sports injuries, growing geriatric, accidents and obese populace across the world
Market Leaders and their expansionary development strategies
A binding contract is signed by CONMED Corporation to acquire the privately held Biore. Using its patented BioBrace® Implant technology, New Haven, Connecticut-based Biorez is working to improve the recovery of soft tissue
In March 2019- Smith & Nephew plc the global medical technology business company, announces that it has acquired Osiris Therapeutics, Inc. It is a rapidly growing company delivering regenerative medicine products, including bone, graft, skin, and articular cartilage substitutes.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Hospitals, End-User Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.