(PharmaNewsWire.Com, August 09, 2018 ) Market Overview: In the year 2018 Global Cartilage Regeneration Market was valued at USD 549.71 million. By the year 2023, it is predicted to reach USD 1067.74 million with pace of 14.2% CAGR. Cartilage is smooth elastic tissue that protects the bones in the joints by preventing friction between the bones. It is found in many parts of the human body such as joints, the rib cage, nose, ear, throat and back-bones. Cartilage is important tissue as it provides the flexibility and stability movement.
Factors affecting market growth: • Increasing prevalence of bone & joint disorders, such as Osteoarthritis (OA). (+) • Rising geriatric population and obese population globally. (+) • Increasing number of accidents & injuries across the globe. (+) • Improving healthcare infrastructures. (+) • Advancement of technologies. (+) • Lack of proper reimbursement policies. (-) • High cost in medication and treatment. (-)
Market Segmentation The Global Cartilage Regeneration Market is geographically segmented into • North America • Europe • Asia Pacific • Latin America • Middle East and Africa
North America is expected to dominate the Global Cartilage Regeneration Market during the forecast period, due to the rising prevalence of bone & joint disorders, increase in number of accidents & injuries, and growing geriatric population in this region are expected to increase the market share for Cartilage Regeneration Market. Asia-Pacific is rapidly growing in Cartilage Regeneration Market due to increasing of population, rising R&D activities, improving healthcare services and implementation of advanced technologies in the hospitals, diagnostic centers, and other healthcare services which are expected to gain growth rate for Cartilage Regeneration Market during the forecast period.
Key players: Leading companies for Global Cartilage Regeneration Market are Osiris Therapeutics, Inc. (U.S.), Arthrex Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Vericel Corporation (U.S.), and Smith & Nephew plc (U.K.).
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