The Regenerative Medicine For Cartilage by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Regenerative Medicine For Cartilage, The regenerative medicine for cartilage market size has grown strongly in recent years. It will grow from $4.24 billion in 2023 to $4.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to regenerative medicine market resulted from rising prevalence of chronic diseases, emerging markets growth, implementation of the 21st century cures act, rapid growth in aging population, and the improvement in healthcare awareness and expenditure.
The regenerative medicine for cartilage market size is expected to see strong growth in the next few years. It will grow to $5.64 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rising demand for organ transplantations, growth in healthcare expenditure, technological advancements in regenerative medicines, rising investments in regenerative medicine research, and changes in lifestyles.. Major trends in the forecast period include growing use of mesenchymal stem cell technology, increasing research and development on use of novel gene therapy techniques, advancements in technology transfer and clinical translation, rising strategic collaborations, partnerships and agreements, growth and advent of new companies, injectable hydrogel role in cartilage repair as a regenerative medicine, and global research initiatives and funding.
The growing incidence of osteoarthritis across the globe will drive the market for regenerative medicine for cartilage. Osteoarthritis is a degenerative joint disorder that mostly attacks the articular cartilage. According to the Arthritis Foundation, degenerative joint disease disorders such as osteoarthritis will impact at least 130 million individuals around the globe by 2050. Some of the most commonly used treatments for osteoarthritis are autologous chondrocyte implantation and scaffold implants. Thus, the increasing incidence of osteoarthritis is expected to drive the demand for the market for regenerative medicine for cartilage.
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The regenerative medicine for cartilage market covered in this report is segmented –
1) By Product: Cell Based, Gene Based, Tissue Based
2) By End-Use: Ambulatory Surgical Centers, Hospitals And Clinics, Others
3) By Application: Musculoskeletal, Oncology, Dental, Wound Care, Others
Tissue engineering and stem cell therapy are emerging trends in regenerative medicine for the cartilage market. The growth of tissue engineering technology has given hope for the regeneration of cartilage. Stem cell therapy is gaining attention with its advantages over traditional orthopaedic treatments. Stem cell therapy helps to reduce knee pain and improves knee cartilage regeneration and repair. For instance, growth factors in the form of platelet-rich plasma (PRP) therapy are injected to promote tissue regeneration effectively. Companies operating in the market are continuously focusing on introducing new technologies to survive in the regenerative medicine for cartilage market.
The regenerative medicine for cartilage market report table of contents includes:
- Executive Summary
- Refrigerants Market Characteristics
- Refrigerants Market Trends And Strategies
- Refrigerants Market – Macro Economic Scenario
- Global Refrigerants Market Size and Growth
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- Global Refrigerants Market Competitive Benchmarking
- Global Refrigerants Market Competitive Dashboard
- Key Mergers And Acquisitions In Refrigerants Market
- Refrigerants Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Smith & Nephew PLC
- Integra LifeSciences
- Stryker Corporation
- MiMedx Group, Inc.
- Zimmer Biomet Holdings Inc.
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