Cartilage is the tough and elastic material that acts as a connective tissue present in various parts of the body. Knee cartilage is a fine and elastic cushion-like tissue holding together the bones of knee joints. Knee cartilage repair products are extensively utilized to control physical deformities or for the treatment of injured or malfunctioned parts of the knee. The products are also known as supportive of corrective devices. The key objective of these products is to provide comfort to the patients while performing daily functions, support an injury, reduce pain, and correct the shape of a particular body part. For instance, these devices help in body movements as well as alignment by supporting the hips, legs, or both. Larger defects are treated with osteochondral allograft transplantation or autologous chondrocyte transplantation, while smaller defects are treated with osteochondral autograft transfer, autologous chondrocyte implantation (ACI), and marrow stimulating techniques.
According to study, “Global Knee Cartilage Repair Market to reach USD 5.07 billion by 2026” the key companies operating in the global knee cartilage repair market are DePuy Synthes Companies, Stryker Corporation, Zimmer Biomet, Braun Melsungen AG, Histogenics Corporation, Smith & Nephew plc., MEDIPOST Co. Ltd., ISTO Technologies, Inc., TiGenix NV and Osiris Therapeutics, Inc.
Based on application, knee cartilage repair market is segmented as arthroscopic chondroplasty, osteochondral grafts transplantation, autologous chondrocyte implantation, cell-based cartilage resurfacing, microfracture, implants transplant and others. Cell-based cartilage resurfacing offer various advantages for instance generating cartilaginous tissue in articular cartilage defects and long-term constancy of cartilage is increasingly gaining popularity among orthopedic physicians. Microfracture segment is extensively utilized by athletes as there is less chance of post surgical reaction & mismatch. The segment is estimated to exhibit considerable growth rate due to rise in sports injuries coupled with rise in preference by athletes toward micro-fracture. In addition, based on end-user, market is segmented as hospitals, orthopedic clinics, ambulatory surgical centers, and others. Increase in health care awareness and growth in importance of adventurous sports among youngsters as well as increase in geriatric population has led to rise in incidence of sports-related injuries across the world. Consequently, these all factors are expected to drive the hospitals segment at higher growth rate in near future.
The knee cartilage repair market is driven by growth in digitization of pain management practices, followed by rise in occurrence of neuromuscular disorders among the geriatric population, high incidences of orthopedic surgery, rise in sports activity among the young generation and increase in knee fractures in men & women. However, side-effects caused due to off-label usage of definite products & negative media literature about slow tissue recovery and lack of reimbursement for innovative technologies especially in developed nations may impact the market.
Based on geography, the North-American region dominates the global knee cartilage repair market owing to rise in cases of bone & joint disorders in the region. Whereas, the European and Asian-Pacific regions are anticipated to witness higher growth rate due to increase in aging population over the forecast period. The global knee cartilage repair market is valued approximately US $3.37 billion in 2019 and is likely to grow with a healthy growth rate of more than 6% over the forecast period 2019 to 2026.
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Ankur Gupta, Head Marketing & Communications