(PharmaNewsWire.Com, September 29, 2017 ) The Middle East and Africa Cartilage Regeneration Market was worth USD 50.58 million in 2016 and is projected to be growing at a CAGR of 8.9%, to touch USD 77.65 million by 2021.
Cartilage is made of specialized cells like chondrocytes which produce an extracellular mix, rich in proteoglycan and elastin fibres. It is thin, has no blood flow, is flexible and resistive to compressive forces. Cartilage is a vital type of type of connective tissue that holds bones together
Cartilage tissue is vital because of the flexibility and stability of movement it provides. Hyaline cartilage is the most commonly found cartilage in the human body. Cartilage is found in many parts of the body such as joints, the rib cage, nose, ear, throat and in between the back-bones.
The growth of the Middle East and Africa Cartilage Regeneration Market is driven by factors such as increasing incidence of joint and bone disorders such as Osteoarthritis, which are a result of damage or wear and tear of connective tissues and the growing aging population with related connective tissue ailments. Furthermore, increase in the obese population and rising frequency of sports injuries & road accidents are set to boost market growth in the future. However, unfavourable reimbursement policies and the high cost of therapy are the major restraints of market growth.
The Middle East and Africa Cartilage Regeneration Market is segmented on the basis of the Type of Treatment, Application and Geography. Based on the Type of Treatment used, the Cartilage Regeneration market is divided into Cell Based Approaches and Non-Cell Based Approaches. The Cell based Approaches are further divided into Chondrocyte Transplantation, Stem Cells and Growth Factor Technology. Non-cell based approach is further classified into Tissue Scaffolds and Cell-free composites. Based on Application, the Cartilage Regeneration Market is segmented into Hyaline Cartilage Regeneration and Fibrocartilage Regeneration.
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The market has been geographically segmented into Middle East and Africa. The high occurrence of accidents involving cartilage damage is leading to increasing demand for cartilage regeneration, which is expected to drive the market growth in the future. Currently, the Middle-East and Africa market faces slow growth due low awareness about these techniques among the populace which is further amplified by low infrastructural investments in this sector.
The key players in the Middle-East and Africa Cartilage Regeneration Market are 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.).
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