Orthopedic Cartilage Repair Market Scope
Orthopedic cartilage repair is a procedure that helps restore the cartilage in the knee, ankle, and shoulder. Cartilage repair can be done on an otherwise healthy knee, ankle, and shoulder that has not been affected by osteoarthritis. The increasing geriatric population across the globe has led to significant growth of the orthopedic cartilage repair market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Stryker Corporation (United States), Arthrex Inc (United States), Smith & Nephew plc (United Kingdom), Zimmer Biomet (United States), Conmed Corporation (United States), DePuy Synthes (United States), LifeNet Health (United States), AlloSource (United States), B. Braun Melsungen AG (Germany) and Acera Surgical (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Orthopedic Cartilage Repair market throughout the predicted period.
Stryker Corporation (United States), Arthrex Inc (United States), Smith & Nephew plc (United Kingdom), Zimmer Biomet (United States), Conmed Corporation (United States), DePuy Synthes (United States), LifeNet Health (United States), AlloSource (United States), B. Braun Melsungen AG (Germany) and Acera Surgical (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Histogenics Corporation (United States), ISTO Technologies, Inc. (United States), MEDIPOST Co. Ltd. (South Korea), Osiris Therapeutics, Inc. (United States), TiGenix NV (Belgium) and Vericel Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Orthopedic Cartilage Repair market by Type , by Application (Knee, Hip, Shoulder and Others) and Region with country level break-up.
On the basis of geography, the market of Orthopedic Cartilage Repair 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2024, Smith & Nephew has announced the completed acquisition of CartiHeal for USD 180 million, with an additional USD150 million contingent on future financial performance,
In September 2020, Histogen Inc has been awarded a USD 2 million grant by the Peer-Reviewed Orthopedic Research Program (PRORP) of the U.S. Department of Defense (DoD) to help fund a Phase 1/2 clinical trial of HST-003 for the regeneration of cartilage in the knee. The U.S. Army Medical Research Acquisition Activity, 820 Chandler Street, Fort Detrick MD 21702, is the awarding and administering acquisition office.
Influencing Trend:
Increase in Knee Fractures in Men and Women and Rise in Sports Activity among the Young Generation
Market Growth Drivers:
Increase in the Global Geriatric Population and Lifestyle Changes and Growing Awareness about Sports and Outdoor Activities among the Younger as well as Elderly Generation
Challenges:
Strict Norms and Regulations
Restraints:
High-Cost Associated with Orthopedic Cartilage Repair
Opportunities:
Growing Digitization of Pain Management Practices, High Incidences of Orthopedic Surgery
Key Target Audience
Cartilage Repair Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others