Bharat Book Bureau Provides the Treding Market Research Report on "Global Cartilage Repair Market 2021-2028" under Life Sciences Category. The report offers a collection of superior market researach, market analysis, competitive intelligence and Market reports.
MARKET OUTLOOK
According to report, the Global Market For Cartilage Repair is estimated to exhibit growth at a CAGR of 15.56% during the forecast years of 2021-2028.
Globally, the growth in the aging population has presented several healthcare challenges, which are expected to increase medical requirements. Here, bone and cartilage-related conditions, including osteoarthritis, are frequently diagnosed among the geriatric populations.
This further increases the need for cartilage repair procedures. Hence, the rise in the aging population is one of the factors motivating the development of the studied market. Additionally, sports-related injuries and the prevalence of obesity, are another set of factors driving the growth of the cartilage repair market. However, the high cost of cartilage repaid surgeries, and a shortage of favorable regulations for the use of cartilage repair products weigh down the progress of the global market.
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REGIONAL OUTLOOK
The global cartilage repair market covers the Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.
Asia-Pacific is likely to observe the fastest growth rate in the cartilage repair market over the estimated time. The region’s growth is supplemented by the rise in the need for sophisticated medical facilities, healthcare reforms, and the growing prevalence of lifestyle diseases leading to bone ailments. Moreover, the surge in R&D activities by prominent market players pertaining to cartilage repair and regeneration therapies is also driving the cartilage repair market’s expansion across the region.
Additionally, the market for cartilage repair products has witnessed substantial growth primarily owing to the high population base, along with the surge in the prevalence of osteoarthritis and joint-related diseases.
COMPETITIVE OUTLOOK
The prominent firms involved in the cartilage repair market include Conmed Corporation, Medtronic Plc, Osiris Therapeutics Inc, Organogenesis Inc, RTI Surgical, Zimmer Biomet Holdings Inc, Johnson & Johnson, Smith & Nephew Plc, Integra Lifesciences Corporation, Vericel Corporation, Cryolife Inc, Arthrex Inc, B Braun Melsungen AG, and Stryker Corporation.
Johnson & Johnson is one of the leading companies focused on manufacturing healthcare products. It is primarily involved in the R&D and marketing of personal care products, pharmaceuticals, and surgical equipment. The company’s medical devices segment includes products distributed to wholesalers, retailers, and hospitals. Besides, it offers products for various treatments, such as general surgery, orthopedic, glucose monitoring, and others. Johnson & Johnson has headquarters in the United States, with operations spread across the globe.
TABLE OF CONTENTS
1. GLOBAL CARTILAGE REPAIR MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. KEY INSIGHTS
2.1.1. ADVANCEMENTS IN TECHNOLOGY AND TECHNIQUES IN SPORTS MEDICINE
2.1.2. ESCALATING TRAUMA CASES
2.2. IMPACT OF COVID-19 ON CARTILAGE REPAIR MARKET
2.3. PORTER’S FIVE FORCES MODEL
2.3.1. THREAT OF NEW ENTRY
2.3.2. THREAT OF SUBSTITUTION
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS MATRIX
2.5. VENDOR SCORECARD
2.6. KEY MARKET STRATEGIES
2.6.1. CONTRACTS & PARTNERSHIPS
2.6.2. BUSINESS EXPANSIONS & DIVESTITURES
2.6.3. ACQUISITIONS & MERGERS
2.6.4. NEW PRODUCT LAUNCHES
2.7. KEY DRIVERS
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