The global Cartilage Repair Market was valued at $713 million in 2017, and is projected to reach $2,195 million by 2025, growing at a CAGR of 15.0% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast period.
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By modality, chondroplasty and microfracture accounted for more than a quarter of the global cartilage repair market in 2017. In terms of applications, the knee segment accounted for almost half of the market in 2017 and hoping that it will show great progress, because there is a great increase in the prevalence of knee arthritis in the world.
Among the end users, hospitals and clinics generate the highest income in 2017, due to various factors such as finding different treatment options (chondroplasty, osteochondral autograft transplantation and others) under one housing, palliative care and diagnosis. By region, North America was the largest contributor to the global market in 2017.
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Key Market Players -
Johnson & Johnson,
B. Braun Melsungen AG,
Smith & Nephew Plc,
Stryker Corporation,
Zimmer Biomet Holdings, Inc,
Conmed Corporation,
Arthrex, Inc,
RTI Surgical, Inc,
Vericel Corporation,
Osiris Therapeutics, Inc
North America was the largest contributor to the global market in 2017, owing to the high adoption of cartilage repair products. However, Asia-Pacific is expected to grow at the highest CAGR of 16.5% from 2018 to 2025, due to increasing disposable income; increased research, development and innovation; and awareness of cartilage repair products.
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