The global cartilage repair supplements market size is expected to reach USD 2,268.8 Million in 2028 and register a revenue CAGR of 14.5% over the forecast period, according to the latest report by Reports and Data. Steady revenue growth of the global cartilage repair supplements market is primarily due to rising incidence of joint injuries owing to obesity, accidents, playing sports, and some other medical conditions/diseases. In most cases, patients with cartilage damage comprise youngsters and adults suffering from knee joint injuries such as meniscal or ligament tears, need knee cartilage repair supplements surgery. Healing of damaged cartilage is a slow process, thus, procedures such as autologous chondrocytes implantation and cell-based cartilage resurfacing are employed to stimulate growth of new cartilage in joints. cartilage repair supplements and restoration provides significant relief from pain and allow better joint movement, and this helps to delay or prevent onset of arthritis.
Compared with other body tissues, cartilage has a poor blood supply, and therefore has limited potential to heal itself or to support donor cartilage. It is a connective tissue found in various parts of the body, especially joints. Major players are investing in R&D of better solutions for cartilage regeneration and repair as degeneration of meniscus (fibrocartilage) tissue affects a large number of patients across the globe. Researchers have recently developed 3D technology that helps to bio-print a 3D hybrid tissue constructed for regenerating cartilage by using specialized bio-inks. These inks comprise hydrogels to develop a new formulation that creates a cell-friendly microenvironment and provides structural integrity.
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Some Key Factors Contributing to the Global Pharma & Healthcare Market Growth
Unprecedented revenue growth of the global pharma & healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health & wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, growing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in R&D activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.
Some Key Highlights from the Report
- By Application, the fibrocartilage segment accounted for significantly large revenue share in 2020. Fibrocartilage functions as a joint stabilizer and shock absorber by providing cushion layer in knee joints involved in bearing strain and load. Fibrocartilage in knee joints is much more responsive to joint instability, and hence, in many cases, it acts as an indicator of pending degeneration of cartilage.
- By treatment modality, the cell-based segment accounted for largest revenue share in 2020. Cell-based modality is a kind of biological treatment, which encompasses process of putting new cells along with damaged tissues for treatment of age-related or degenerative diseases. Cartilage is the most appropriate tissue for regeneration purpose. The primary purpose of cell-based treatment for cartilage imperfections is to repair injured joint surfaces using healthy tissues that can endure stresses and strains caused by joint loading.
- North America accounted for largest revenue share in 2020, owing to increasing use of more advanced technologies in the healthcare sector, rising prevalence of obesity, increasing investments in R&D of cutting-edge cartilage repair supplements procedures, and increasing healthcare spending. Additionally, presence of various major players is also boosting revenue growth of the market in the region.
- In April 2018, Stryker and AlloSource made an announcement about launch of a cryopreserved osteochondral allograft called ProChondrixCR. It is intended to offer better solutions to patients requiring articular cartilage repair supplements.
Top Players in the Global cartilage repair supplements Market:
Zimmer Biomet, Stryker Corporation, DePuy Synthes, Smith & Nephew PLC, Vericel Corporation, Osiris Therapeutics Inc., B. Braun Melsungen AG, Anika Therapeutics Inc., Arthrex Inc., and Collagen Solutions PLC.
The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma & healthcare industry revenue growth over the recent past.
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cartilage repair supplements Market Segmentation:
Treatment Modality Outlook (Revenue, USD Billion; 2018–2028)
- Cell-Based
- Chondrocyte Transplantation
- Growth Factor Technology
- Non-Cell-Based
- Tissue Scaffolds
- Cell-Free Composites
- Others
Application Outlook (Revenue, USD Billion; 2018–2028)
- Hyaline
- Fibrocartilage
- Elastic Cartilage
- Others
Treatment Type Outlook (Revenue, USD Billion; 2018–2028)
- Palliative
- Viscosupplementation
- Debridement & Lavage
- Intrinsic Repair Stimulus
- Others
End Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospital
- Clinics
- Ambulatory Surgical Centers
- Others
Global cartilage repair supplements Market Report: Regional Segmentation
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Global cartilage repair supplements Market: Table of Contents
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global cartilage repair supplements market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global cartilage repair supplements market?
- Which regional market is expected to lead in terms of revenue share in the global cartilage repair supplements market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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