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Published Date: 2016-03-23Number of Pages: 75

Knee Cartilage Repair Market (Procedure Type - Arthroscopic Chondroplasty, Autologous Chondrocyte, Osteochondral Grafts Transplantation, Cell-based Cartilage Resurfacing, Implants Transplant, and Microfracture) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Knee Cartilage Repair Market: Snapshot

Cartilage is a soft and rubbery material found in the bone joint, which prevents friction between the bones as it acts as a shock absorber. Damage to cartilage restricts the normal movement of knee and can cause pain. If left untreated, it may require knee replacement surgery for correction. Damage to the articular cartilage most often occurs after a traumatic and twisting injury to the knee. The global knee cartilage repair market is predominantly driven by the rise in the global geriatric population and lifestyle changes coupled with growing awareness about sports and outdoor activities among the younger as well as older generation. Compounding this effect, the elderly and obese populations have been observed to be highly prone to degenerative diseases such as osteoarthritis, rheumatoid arthritis, and other trauma injuries.

Knee cartilage repair has been beneficial for conditions such as mal-unions, delayed unions, and slow-healing wounds. Advances in knee cartilage repair products have bolstered the growth of this industry. However, poor or lack of reimbursement for innovative technologies, especially in developed nations, has negatively affected the growth of the market. Moreover, side effects caused due to off-label usage of certain products and negative media literature about slow tissue recovery have deterred market growth. The global market for knee cartilage repair was valued at US$ 1.6 bn in 2014, and rising at a healthy CAGR of 5.80% during the forecast period of 2015–2023, reaching a valuation US$2.7 bn by the end of 2023.

Arthroscopic Chondroplasty Remains Dominant Segment

The prominent factors driving the growth of the market for knee cartilage repair are increase in the number of road accidents, industrial accidents, and slips and falls leading to severe knee damage and deformities.  Additionally, growing sports and other mobile activities has increased the number of accidents. This has led to high incidence of various knee fracture-related problems.  By procedure type, the global market for knee cartilage repair market has been segmented into arthroscopic chondroplasty, autologous chondrocyte, osteochondral grafts transplantation, cell-based cartilage resurfacing, implants transplant, microfracture, and others (e.g. meniscus).

In 2015, the segment of arthroscopic chondroplasty for knee cartilage repair accounted for the most prominent share at US$472.9 mn and is projected for the healthiest growth rate during the forecast period. Arthroscopic chondroplasty involves repair of a small area of damaged cartilage in the knee. During this procedure, the damaged tissue is removed, allowing healthy cartilage to grow in its place. Meniscal tears are the most common reason for arthroscopic chondroplasty. The damage caused through meniscal tears is trimmed and smoothened down through chondroplasty. The quick recovery time of arthroscopic chondroplasty as against other traditional methods of open knee surgeries is likely to drive the segment during the forecast period.

North America Most Lucrative Regional Market

Geographically, the global knee cartilage repair market has been segmented into North America, Europe, Asia Pacific, Latin America, The Middle East and North Africa, and the Rest of the World. North America currently accounts for the widest market, at 40.7% of the shares in 2014. This demand from North America is due to the factors such as increase in orthopedic procedures, rise in incidence of obesity, and introduction of technologically advanced products. Additionally, rise in incidence of obesity in increasing the update of knee cartilage procedures as individuals having higher body mass indexes (BMIs) have greater tendency of developing orthopedic disorder. According to the Truven Health Market Scan Database, more than 2.4 million procedures are performed annually to address cartilage, meniscus, ligament or tendon injuries in the knee. However, introduction of the Patient Health and Affordable Healthcare Act is expected to significantly impact knee cartilage repair market in the region of North America.

Some of the key players in the global market for knee cartilage repair are B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Osiris Therapeutics, Inc., DePuy Synthes, Stryker Corporation, and Vericel Corporation.

Cartilage is a soft and rubbery material present in the bone joint and is involved in preventing friction between the bones by acting as a shock absorber in the joint. Damage to cartilage restricts the normal movement of knee causing pain and most often occurs after a traumatic and twisting injury to the knee. If left untreated, it may require knee replacement surgery. Knee cartilage repair has been beneficial for conditions such as mal-unions, delayed unions, and slow healing wounds. Advances in knee cartilage repair products have bolstered the growth of this industry.

This report provides in-depth analysis of the global knee cartilage repair products market. The stakeholders for this report include companies involved in the research and development, manufacturing and commercialization of knee cartilage products, suppliers and new entrants planning to invest in this market. For providing a snapshot of this market to the stakeholders, executive summary section is included in this report, which summarizes the market size, trends and competition for different knee cartilage repair products in six major regions.

The market overview section of this report analyzes market dynamics such as drivers, restraints and opportunities that influence the knee cartilage repair market in the current and future scenario. Further, Porter’s five forces analysis and market attractiveness analysis have been included in market overview section in order to explain the intensity of competition in the market. Porter’s five forces analysis in the section depicts the attractiveness of the knee cartilage repair market in terms of five different attributes that have an effect on the sustenance of the players in the knee cartilage repair market. Competitive scenario among the market players is analyzed through a market share analysis of major market players in the competitive landscape section of the report. All these factors will help the market players to decide about the business strategies and plans to be incurred in future for strengthening their position in the global market.

Based on the procedure types, the global knee cartilage repair market is segmented into arthroscopic chondroplasty, autologous chondrocyte implantation, osteochondral grafts transplantation, cell-based cartilage resurfacing, implants transplant, microfracture and others.

Geographically, the knee cartilage repair market has been differentiated into six major regions: North America, Europe, Asia Pacific, Latin America, the Middle East & North Africa and Rest of the World (RoW). Moreover, analysis for the major country comprising U.S. Canada, Germany, U.K, Japan China, India, Australia, Brazil, Mexico, Egypt, Kuwait, UAE and Saudi Arabia have also been provided in the report. The market value for all the countries has been provided from the year 2013 to 2023, considering 2014 as base years.

For both the segments, the report provides market estimation of knee cartilage repair products in terms of revenue (US$ Mn) market and with CAGR % for period 2015 to 2023, considering 2014 as the base year.

This report also includes recommendations section that will assist new companies in establishing their presence and market players in expanding their market share in the knee cartilage repair market. The report concludes with the company profile section which includes company overview, financial overview, product portfolio, business strategies and recent developments for market players. The major players that are profiled in the report include DePuy Synthes, Zimmer Biomet, Stryker Corporation, Smith & Nephew plc, and B. Braun Melsungen AG. 

The global knee cartilage repair market is segmented into the following categories:

Global Knee Cartilage Repair Market, by Procedure Types

  • Arthroscopic Chondroplasty
  • Autologous Chondrocyte
  • Osteochondral Grafts Transplantation
  • Cell-based Cartilage Resurfacing
  • Implants Transplant
  • Microfracture
  • Other Products

Global Knee Cartilage Repair Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest pf APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & North Africa
    • Egypt
    • Kuwait
    • UAE
    • Saudi Arabia
    • Rest of MENA
  • Rest of the World


 
 
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