Knee Cartilage Repair Market is Projected to Increment at a Healthy CAGR 6% Between 2018 and 2026

The global knee cartilage repair market is projected to be driven by the rise in number of orthopedic surgeries and utilization of different implant materials during knee surgery streamlines the day to day work flow for differently abled or arthritis patients. Knee cartilage repair devices such as implants provide several features and benefits, such as patient easy mobility, which can be practiced by surgeons and physicians for the differently abled patients. Key players offering knee cartilage repair are developing value added features, such as biological or synthetics material features. These features help reduce the overall operating costs and improve effectiveness and efficiency of physiotherapy practiced on the knees. Companies are focusing on the development of biological solutions for knee surgery-related issues. The market for biological or synthetic implant material is expanding significantly, worldwide, due to high success rate of the surgery, less post implantation infection, and high preference for the product by surgeons. Moreover, most innovative synthetic implants are not easily degraded in the body and provide efficiency during body mobility. BioPoly (material with its interpenetrated HA molecules), MaioRegen (Bio-mimetic, biointegratable and resorbable) are few examples of knee cartilage materials that save the operational time of physicians or surgeons and help improve the performance of patients post-surgery.

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The global knee cartilage repair market is expanding due to rise in the global geriatric population and lifestyle changes coupled with growing awareness about sports and outdoor activities among the younger as well as elderly generation. The global knee cartilage repair market was valued over US$ 3.0 Bn in 2017. It is projected to surpass a value of US$ 6.7 Bn by 2026, expanding at a cumulative annual growth rate (CAGR) of over 6.0% from 2018 to 2026. The market is expanding at a relatively higher growth rate owing to increasing digitization of pain management practices, high incidences of orthopedic surgery, occurrence of neuromuscular disorders among the geriatric population, increase in knee fractures in men and women, and rise in sports activity among the young generation.

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The cell-based cartilage resurfacing segment is anticipated to expand at a higher CAGR during the forecast period. Factors attributed to the higher CAGR of the cell-based cartilage resurfacing segment include rise in the incidence of orthopedic surgeries, increase in the prevalence of damage articular cartilage and arthritis among the global population, and rise in demand for minimally invasive orthopedic surgeries from physicians and patients. Moreover, cell therapy and tissue engineering techniques are positively influencing orthopedic patients, which in turn is likely to fuel the demand for cell-based cartilage resurfacing application during the forecast period. Reimbursement and Medicare benefits available to patients for the treatment of knee arthritis and musculoskeletal disorders have contributed to the major share held by the cell-based cartilage resurfacing segment.

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Knee cartilage repair aids patients suffering from femur bone disjunction, fractures, sport injuries, or any other serious accidental injury in order to improve overall operational efficiency as well as patient care. High prevalence and incidence rates of bone and joint disorders and increase in the number of cases of osteoarthritis and orthopedic injuries among the global population have resulted in an increase in patient flow to orthopedic clinics and hospitals. These factors are projected to drive the demand for global knee cartilage repair in the near future. Moreover, expansion of emerging economies is likely to offer significant opportunities to the knee cartilage repair market in the near future.

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