Authored By: Sarah
11 Jul 2024

 Cartilage Repair Market Size to grow by USD 1245.17 million between 2024-2028

According to a research report “ Cartilage Repair Market” by Product (Cell-based, Non-cell based) End-user (Hospitals and clinics, ASCs, Physicians office) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1245.17 million, at a CAGR of  16.79% during the forecast period. The cartilage damage resulting from osteoarthritis (OA) triggers chondrocyte activation, protease expression, and growth factor release, as defined by the Centers for Disease Control and Prevention (CDC). Osteoarthritis, a degenerative joint disorder, affects over 10% of the global population, with approximately 30 million adults in the US currently diagnosed. Risk factors such as aging and obesity, leading to an imbalance between catabolic and anabolic joint activities, significantly contribute to the escalating OA prevalence in both developed and developing regions.

Browse market data tables, figures, and in-depth TOC on “Cartilage Repair Market” by Product (Cell-based, Non-cell based) End-user (Hospitals and clinics, ASCs, Physicians office) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Product, the Cell-based segment is projected to dominate the market size in 2024

The hospitals and clinics sector holds the largest and most dynamic position in the global cartilage repair market due to the rising prevalence of obesity and an aging population. Aging is a significant factor contributing to cartilage damage. Consequently, the demand for cartilage repair therapies is projected to surge, given the increasing incidence of orthopedic disorders. In the US alone, there were approximately 22,965 orthopedic surgeons as of February 2022, and over 790,000 knee replacements were performed annually, according to the Agency for Healthcare Research and Quality. This trend is expected to persist, driving market expansion throughout the forecast period.

By End-user, Hospitals and clinics  segment is expected to hold the largest market size for the year 2024

In the realm of cartilage repair, cell-based therapies represent a promising avenue for addressing defects and osteochondral abnormalities. Autologous cell therapy, specifically bone cartilage cell therapy, offers a long-term solution for treating cartilage damage and associated knee pain. Chondrocytes and mesenchymal stromal cells, sourced from bone marrow, adipose tissue, or the umbilical cord, serve as the primary agents for cartilage regeneration and restoration within this context. These advanced techniques, often complemented by scaffolds and biological signals, expand the horizons for cartilage tissue engineering and represent significant opportunities within the cartilage repair market.

North America is forecasted to hold the largest market size by region in 2024

The North American cartilage repair market experiences significant growth, with the United States and Canada being the primary contributors to revenue. Factors such as enhanced healthcare infrastructure, a rising number of orthopedic procedures, and the increasing prevalence of obesity and its associated risks are key drivers in the region. Additionally, the surge in cartilage repair surgeries, facilitated by the expansion of hospitals and Ambulatory Surgery Centers (ASCs), further bolsters market expansion. Furthermore, the increasing incidence of Osteoarthritis, favorable reimbursement for cartilage repair procedures, and initiatives by governments and non-profit organizations to raise awareness about cartilage damage and its consequences are significant market growth catalysts in North America.

The Cartilage Repair Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 3M Co.
  • AlloSource
  • Arthrex Inc.
  • B.Braun SE
  • Bioventus LLC
  • Geistlich Pharma AG
  • Hy2Care
  • Johnson and Johnson
  • Medtronic Plc
  • Orteq Sports Medicine Ltd.
  • Orthox Ltd.
  • Regentis Biomaterials Ltd.
  • Rosens Diversified Inc.
  • RTI Surgical Inc.
  • Sartorius AG
  • Smith and Nephew plc
  • Stryker Corp.
  • TissueTech Inc.
  • Vericel Corp.
  • Xintela AB
  • Xtant Medical Holdings Inc.
  • Zimmer Biomet Holdings Inc.
.

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Research Analysis Overview

The Cartilage Repair Market is experiencing significant growth due to the increasing demand for advanced solutions in the construction industry. Compliance with administrative agencies at state and local levels is a crucial factor driving this market. Permanent modular construction, which involves building standardized modules off-site and assembling them on-site, is gaining popularity due to its benefits such as energy efficiency, material waste reduction, and improved quality control. This construction method is being adopted in various sectors including hotels, single-family homes, construction site offices, airports, residential, educational facilities, and commercial buildings. The use of Building Information Modeling and Computer-Aided Design in modular construction further enhances project completion times and ensures factory conditions are maintained, ensuring consistency and durability. However, natural disasters such as wildfires, earthquakes, hurricanes, and floods pose a challenge to the construction industry. Permanent modular construction offers a solution by providing structures that can withstand these disasters, making it an attractive option for urban areas. The market for cartilage repair in the construction industry is expected to continue growing as the demand for sustainable, efficient, and disaster-resilient buildings increases.

Market Research Overview

The Cartilage Repair Market in Dallas, Texas, is witnessing significant growth, with key players like BD Modular Solutions and VESTA Modular leading the way. These companies are expanding their commercial presence in the region, opening new branches in cities like Seattle and Vancouver. The modular construction industry is experiencing explosive interest due to severe housing shortages and the need for higher quality, faster project schedules, and lower project costs compared to traditional on-site construction methods. BD Modular Solutions and VESTA Modular specialize in off-site construction of commercial spaces, educational units, and healthcare facilities. Their modular building systems offer advantages such as precision manufacturing techniques, workplace safety, and sustainability. The Modular Building Institute reports that the industry output is expected to reach new heights in the coming years, with a focus on safety, compliance, and administrative agencies at the state level. In the healthcare markets, modular construction is gaining popularity for its ability to reduce project schedules and costs while maintaining quality. Modular construction work includes headwalls, bathroom pods, and hospitality industry applications such as modular hotels. The AC Marriott in Manhattan and the International Marriott in Manhattan are prime examples of successful modular hotel projects. The Cartilage Repair Market in Texas is not without challenges, including assembly issues, transportation issues, carbon emissions, and resource utilization. However, with the advancement of building information modeling, computer-aided design, and precision manufacturing techniques, the industry is poised for continued growth in residential, educational, construction segments, and infrastructure projects. In urban environments, modular construction is being used for luxury developments, affordable housing, and commercial spaces. Modular concrete structures, timber, and steel are popular materials for relocatable and permanent modular construction. The industry also offers opportunities for specialized knowledge and skills in design, logistics, and construction operations. Despite the challenges, the cartilage repair market in Texas and beyond is expected to continue growing due to the benefits of modular construction, including faster project completion times, factory conditions, standardized modules, and reduced material waste and energy consumption. However, the industry faces risks such as natural disasters like wildfires, earthquakes, hurricanes, and floods, which require careful planning and implementation to ensure safety and compliance. In conclusion, the Cartilage Repair Market in Texas is a dynamic and evolving industry that offers opportunities for growth and innovation in the areas of healthcare, education, commercial spaces, and residential housing. With the continued advancement of technology and the increasing demand for efficient and sustainable construction methods, the future of modular construction looks bright.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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