This report aims to provide detailed insights into the global cartilage repair market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Expected Revenue Growth Analysis:
The Cartilage Regeneration Market is projected to reach USD 1,603 million by 2025 from USD 787 million in 2020, at a CAGR of 15.3% during the forecast period.
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Key Factors Driving Market Growth:
The growth of cartilage repair market is primarily driven by the increasing incidence of osteoarthritis and increasing funding and investments for research in this field.
The cell-based segment accounted for the largest share of the treatment modality segment in the cartilage repair market in 2019.
Based on the treatment modality, the cartilage regeneration market is segmented into cell-based and non-cell-based approaches. The non-cell-based segment is divided into tissue scaffolds and cell-free composites. In 2019, the cell-based segment accounted for the largest share of the cartilage regeneration industry. The large share of this segment can be attributed to technological advancements in stem cell-based therapies for cartilage repair and chondrocyte implantation products.
Driver: Increasing Incidence of Osteoarthritis:
Over the years, the incidence of osteoarthritis has increased across the globe. According to a study by the University of North Carolina, around 1 million knee and hip replacement procedures are conducted every year in the US. The economic burden of osteoarthritis in the US is ~136.8 billion annually. As per the Arthritis Foundation in 2019, degenerative joint diseases such as osteoarthritis will affect more than 130 million patients worldwide by 2050.
Some of the most commonly used treatments for osteoarthritis are autologous chondrocyte implantation and Scaffolds implants Thus, the increasing incidence of osteoarthritis is expected to drive the demand for cartilage repair and regeneration products.
The Asia Pacific region is the fastest growing region of the cartilage repair market in 2019.
The Asia Pacific region is estimated to grow at the highest CAGR in the cartilage regeneration market during the forecast period, this is mainly due to the rising geriatric population and the subsequent increase in the incidence of various disorders and injuries. Recent developments in tissue engineering and stem cell therapy will further fuel market growth.
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Prominent players in the cartilage regeneration market are Smith & Nephew plc (UK), DePuy Synthes (US), Zimmer Biomet (US), CONMED Corporation (US), Stryker Corporation (US), and Vericel Corporation (US).
Extensive primary research was conducted after acquiring basic knowledge about the global cartilage regeneration market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (such as personnel from the pharmaceutical and biopharmaceutical industry) and supply sides (such as C-level and D-level executives, product managers, marketing and sales managers of key manufacturers, and distributors) across four major regions—North America, Europe, Asia Pacific, and the Rest of the World. Approximately 80% and 20% of primary interviews were conducted with supply-side and demand-side participants, respectively.
Cartilage Repair Market: Significant Development, Emerging Growth Factors and Regional Forecast
The method of identifying the genetic code of an organism into the DNA sequence is known as DNA sequencing.
It refers to any approach or procedure used to determine how the four bases in DNA are arranged in a DNA sequence.
Chemical ionisation and connection of DNA sequencing equipment and services to an alkaline base are used in other approaches.The advantages of DNA sequencing equipment and services over alternative technologies are numerous.
For starters, precise measurements can be made without changing the DNA structure.
It also identifies regions of DNA sequence variation.
This allows DNA sequencing equipment and services to be used in a variety of fields of DNA biology, including inherited disorders and ageing.
Technology has brought about transformational changes in the healthcare industry over the past few years.
Medical establishments can now depend on their technology partners to provide them with healthcare technology solutions per their particular needs at reasonable costs.The healthcare industry is now constantly evolving, with new cures discovered daily.
The following are five salient benefits that technology has provided in the healthcare sector.Information when you need itPeople looking for a quick diagnosis of their symptoms usually consult the internet to understand the underlying causes for their ailment better.
It allows healthcare facilities to provide their patients with a seamless experience, thus allowing them to treat more patients in a day.
Robots that doctors control via a computer can carry out surgeries equipped with cameras, mechanical arms, and surgical instruments.
These robots assist doctors with a three-dimensional, magnified view of the surgical site, which significantly helps in the surgery.Faster Medical ResultsEarlier it would take anywhere from a couple of weeks to a month to get the test results.
The Mucus Clearance Devices Market is assessed to have solid development later on.
The locale likewise has the most noteworthy understudy populace, and with propelling advancements, there is a developing interest for eLearning and distance training.
This drives the healthcare business sector to meet broadened instructive prerequisites across different nations in the APAC district, like Australia and New Zealand (ANZ), Japan, China, Singapore, and India.Attributable to the flare-up of COVID-19, different nations follow severe lockdowns, closures, and portability limitations to stay away from the spread of the infection.
Merchants have encountered appeal for Smart Learning arrangements during 2020.
Conclusion of lines, rigid lockdowns, and inventory network issues go about as limiting elements for the on location arrangement of Smart Learning arrangements.
The commercialization of Mucus Clearance Devices Market is relied upon to drive market development for an enormous scope.
According to the new market research report " Digital Therapeutics Market by Application (Prevention (Prediabetes, Obesity), Care (Diabetes, CVD, CNS, CRD, Smoking Cessation, Musculoskeletal)), Sales Channel (B2C (Patient, Caregiver), B2B (Provider, Payer, Employer, Pharma)) - Global Forecast to 2021", published by MarketsandMarkets™, The global digital therapeutics market is expected to reach USD 457.9 Million by 2021 from USD 110 Million in 2016, growing at a CAGR of 27.7% from 2016 to 2021.Download PDF Brochure :https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51646724The factors driving market growth include growing incidence of chronic diseases, rising focus on preventive healthcare, technological advancements, growing need to control healthcare costs, significant increase in venture capital investments, and the benefits of digital therapeutics.
However, factors such as lack of awareness and access to digital therapeutics programs in developing countries, patient data privacy concerns, and resistance from traditional healthcare providers may restrain the digital therapeutics market growth.Browse and in-depth TOC on "Digital Therapeutics Market"148 - Tables186 - Pages36 - FiguresOrder a copy of “Digital Therapeutics Market Size & Share | Industry Analysis” research study at:https://www.marketsandmarkets.com/PressReleases/digital-therapeutics.aspThe digital therapeutics market is highly fragmented, diversified, and increasingly competitive, with a large number of small players competing for market space, including startup firms.
Each segment has different market players and market leaders.
For instance, the prediabetes market was led by Omada in 2015.
Omada Health is a leading provider of digital therapeutics for preventable type 2 diabetes and heart disease.
Omada’s product portfolio consists of ‘Prevent’, an online diabetes prevention program.
It is likely to grow at a CAGR of around 9% during the forecast period (2016-2024).Increasing prevalence of infectious diseases, cancer, genetic disorders, and other contagious disease are likely to drive the molecular diagnostics industry.
Hospital acquired infections and other communicable infections are expected to boost market growth in the coming eight years.
Reagents segment held the largest share in 2015 with revenues exceeding USD 3.5 billion.
Instruments segment is expected to show a significant growth in the coming years.Technologies consist of polymerase chain reaction (PCR), in-situ hybridization, chips and microarrays, mass spectrometery, DNA sequencing, transportation mediated amplification, and others.
DNA sequencing is likely to show a growth of about 16% CAGR in the coming years.Applications encompass oncology, pharmacogenomics, infectious diseases, genetic testing, neurological diseases, cardiovascular diseases, and others.
Infectious diseases segment was the largest application holding market share exceeding 45% in 2015.Oncology segment is anticipated to show a CAGR of about 13% till 2024.
The Mucus Clearance Devices Market is assessed to have solid development later on.
The locale likewise has the most noteworthy understudy populace, and with propelling advancements, there is a developing interest for eLearning and distance training.
This drives the healthcare business sector to meet broadened instructive prerequisites across different nations in the APAC district, like Australia and New Zealand (ANZ), Japan, China, Singapore, and India.Attributable to the flare-up of COVID-19, different nations follow severe lockdowns, closures, and portability limitations to stay away from the spread of the infection.
Merchants have encountered appeal for Smart Learning arrangements during 2020.
Conclusion of lines, rigid lockdowns, and inventory network issues go about as limiting elements for the on location arrangement of Smart Learning arrangements.
The commercialization of Mucus Clearance Devices Market is relied upon to drive market development for an enormous scope.
The method of identifying the genetic code of an organism into the DNA sequence is known as DNA sequencing.
It refers to any approach or procedure used to determine how the four bases in DNA are arranged in a DNA sequence.
Chemical ionisation and connection of DNA sequencing equipment and services to an alkaline base are used in other approaches.The advantages of DNA sequencing equipment and services over alternative technologies are numerous.
For starters, precise measurements can be made without changing the DNA structure.
It also identifies regions of DNA sequence variation.
This allows DNA sequencing equipment and services to be used in a variety of fields of DNA biology, including inherited disorders and ageing.
According to the new market research report " Digital Therapeutics Market by Application (Prevention (Prediabetes, Obesity), Care (Diabetes, CVD, CNS, CRD, Smoking Cessation, Musculoskeletal)), Sales Channel (B2C (Patient, Caregiver), B2B (Provider, Payer, Employer, Pharma)) - Global Forecast to 2021", published by MarketsandMarkets™, The global digital therapeutics market is expected to reach USD 457.9 Million by 2021 from USD 110 Million in 2016, growing at a CAGR of 27.7% from 2016 to 2021.Download PDF Brochure :https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51646724The factors driving market growth include growing incidence of chronic diseases, rising focus on preventive healthcare, technological advancements, growing need to control healthcare costs, significant increase in venture capital investments, and the benefits of digital therapeutics.
However, factors such as lack of awareness and access to digital therapeutics programs in developing countries, patient data privacy concerns, and resistance from traditional healthcare providers may restrain the digital therapeutics market growth.Browse and in-depth TOC on "Digital Therapeutics Market"148 - Tables186 - Pages36 - FiguresOrder a copy of “Digital Therapeutics Market Size & Share | Industry Analysis” research study at:https://www.marketsandmarkets.com/PressReleases/digital-therapeutics.aspThe digital therapeutics market is highly fragmented, diversified, and increasingly competitive, with a large number of small players competing for market space, including startup firms.
Each segment has different market players and market leaders.
For instance, the prediabetes market was led by Omada in 2015.
Omada Health is a leading provider of digital therapeutics for preventable type 2 diabetes and heart disease.
Omada’s product portfolio consists of ‘Prevent’, an online diabetes prevention program.
It is likely to grow at a CAGR of around 9% during the forecast period (2016-2024).Increasing prevalence of infectious diseases, cancer, genetic disorders, and other contagious disease are likely to drive the molecular diagnostics industry.
Hospital acquired infections and other communicable infections are expected to boost market growth in the coming eight years.
Reagents segment held the largest share in 2015 with revenues exceeding USD 3.5 billion.
Instruments segment is expected to show a significant growth in the coming years.Technologies consist of polymerase chain reaction (PCR), in-situ hybridization, chips and microarrays, mass spectrometery, DNA sequencing, transportation mediated amplification, and others.
DNA sequencing is likely to show a growth of about 16% CAGR in the coming years.Applications encompass oncology, pharmacogenomics, infectious diseases, genetic testing, neurological diseases, cardiovascular diseases, and others.
Infectious diseases segment was the largest application holding market share exceeding 45% in 2015.Oncology segment is anticipated to show a CAGR of about 13% till 2024.
Technology has brought about transformational changes in the healthcare industry over the past few years.
Medical establishments can now depend on their technology partners to provide them with healthcare technology solutions per their particular needs at reasonable costs.The healthcare industry is now constantly evolving, with new cures discovered daily.
The following are five salient benefits that technology has provided in the healthcare sector.Information when you need itPeople looking for a quick diagnosis of their symptoms usually consult the internet to understand the underlying causes for their ailment better.
It allows healthcare facilities to provide their patients with a seamless experience, thus allowing them to treat more patients in a day.
Robots that doctors control via a computer can carry out surgeries equipped with cameras, mechanical arms, and surgical instruments.
These robots assist doctors with a three-dimensional, magnified view of the surgical site, which significantly helps in the surgery.Faster Medical ResultsEarlier it would take anywhere from a couple of weeks to a month to get the test results.