Cartilage Repair/Cartilage Regeneration Market is Growing at a CAGR of 13.5% During 2016 to 2021

PUNE, India, December 7, 2016 /PRNewswire/ --

The global cartilage repair/cartilage regeneration market is to reach USD 779.8 million by 2021, growing at a CAGR of 13.5% during the forecast period of 2016 to 2021 dominated by North America while Hyaline cartilage application segment is also expected to be the fastest growing application segment, globally. 

Browse 63 tables and 22 figures, 10 Company profiles spread across 102 pages available at http://www.reportsnreports.com/reports/777231-cartilage-repair-cartilage-regeneration-market-by-treatment-modalities-chondrocyte-transplantation-growth-factor-technology-tissue-scaffolds-cell-free-composites-application-hyaline-cartilage-fibrocartilage-st-to-2021.html.

In this report, the cartilage repair/ cartilage regeneration market is segmented on the basis of treatment modalities, application, and region. Factors such as Increase in obese population and rising incidence of sports injuries are the major factors driving the growth of cartilage repair/ cartilage regeneration market. On the other hand, high cost of therapy and unfavorable reimbursement scenario are the major factors restraining the growth of this market.

On the basis of treatment modalities, the market is segmented into cell based approaches and non-cell based approaches. Cell based approaches are further segmented into chondrocyte transplantation, growth factor technology, and stem cells. Non-cell based approaches are segmented into tissue scaffolds and cell-free composites. The cell based approaches segment is expected to account for the largest market share in 2016. The large share of this segment can be attributed to long-term results of these therapies in terms of cartilage repair.

Based on applications, the cartilage repair/ cartilage regeneration market is segmented into hyaline cartilage and fibro cartilage. The hyaline cartilage segment is expected to account for the largest market share in 2016. The large share of this segment can be attributed to the high prevalence of cartilage damage in hyaline cartilage.

Acquisitions were the most widely adopted growth strategy pursued by players in the cartilage repair/ cartilage regeneration market, to increase their shares and cater to the unmet needs. The major players operating in the cartilage repair/ cartilage regeneration market include Zimmer Biomet Holdings, Inc. (U.S.), Vericel Corporation (U.S.), Smith & Nephew plc (U.K.), Osiris Therapeutics, Inc. (U.S.), and Arthrex Inc. (U.S.). Order a copy of  Cartilage Repair/ Cartilage Regeneration Market by Treatment modalities (Chondrocyte Transplantation, Growth Factor Technology, Tissue Scaffolds, Cell-free composites), Application (Hyaline Cartilage, Fibrocartilage), Region - Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=777231.

The report provides a picture on cartilage repair/ cartilage regeneration products and therapies across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as treatment modality, application, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

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