Knee Cartilage Repair Market is projected to expand at a CAGR of 6%

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Title Global Knee Cartilage Repair Market Is
Expected To Reach US 7.0 Bn By
2026 Description Knee Cartilage Repair Market
- Snapshot 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. Obtain Report Details
_at_ https//www.transparencymarketresearch.com/knee
-cartilage-repair-market.html
Knee cartilage repair has been beneficial for
conditions such as mal-unions, delayed unions,
and slow healing wounds. Advances in knee
cartilage repair products have fuelled this
industry. However, poor or lack of reimbursement
for innovative technologies, especially in
developed nations, has negatively affected the
market. Moreover, side-effects caused due to
off-label usage of certain products and
negative media literature about slow tissue
recovery have hampered the market. Knee cartilage
repair
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products are widely utilized to control physical
deformities or for the treatment of
injured/malfunctioned parts of the knee. They are
also known as supportive of corrective devices.
The primary objectives of these products are to
provide comfort to patients while performing
daily functions, reduce pain, support an injury,
and correct the shape of a particular body part.
For instance, these devices help in body
movements and alignment by supporting the legs,
hips, or both. Request for Sample Copy of Report
_at_ https//www.transparencymarketresearch.com/samp
le/sample.php?flagSrep_id4481 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. The
global knee cartilage repair market has been
segmented based on application, end-user, and
region. In terms of application, the global
market has been categorized into arthroscopic
chondroplasty, autologous chondrocyte
implantation, osteochondral grafts
transplantation, cell-based cartilage
resurfacing, implants transplant, microfracture,
and others. The arthroscopic chondroplasty
segment accounted for a key share (in terms of
revenue) of the global market in 2017. The
cell-based cartilage resurfacing segment is
estimated to expand at a rapid pace during the
forecast period and is estimated to report
significant gains in its market share by the end
of 2026. Cell-based cartilage resurfacing offer
advantages such as generating cartilaginous
tissue in articular cartilage defects and
long-term stability of the cartilage is
increasingly gaining popularity among orthopedic
physicians. The microfracture segment followed
the arthroscopic chondroplasty segment, in terms
of share, of the global market. It is likely to
maintain its dominant position and gain marginal
market share during the forecast period.
Microfracture is an old technique, wherein small
holes are made in the surface of the joint to
repair damaged articular cartilage. This type of
technique is widely utilized by athletes as there
is less chance of post-surgical reaction and
mismatch. However, rise in sports injuries and
growing preference by athletes toward
microfracture fuels the microfracture segment of
the global market. In terms of end-user, the
global market has been categorized into
hospitals, ambulatory surgical centers,
orthopedic clinics, and others. Rise in health
care awareness and growing importance of
adventurous sports among youngsters as well as
the geriatric population has led to an increase
in incidence of sports-related injuries across
the world. Consequently, these factors are likely
to drive the hospitals segment at a high growth
rate in the near future. Request Report Brochure
_at_ https//www.transparencymarketresearch.com/samp
le/sample.php?flagBrep_id4481 Based on
region, the global knee cartilage repair market
has been segmented into North America, Europe,
Asia Pacific, Latin America, and Middle East
Africa. North America dominated the global market
and is projected to lose market share by the end
of 2026. The market in North America is primarily
driven by a rapidly increasing geriatric
population high adoption of orthopedic surgery
and
rise in the incidence of orthopedic disorders,
sports injuries, and neuromuscular and
musculoskeletal
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disorders among the population in the U.S.
Moreover, an increase in arthroscopic
chondroplasty practices has been observed in the
U.S., which is projected to fuel the knee
cartilage repair market in the country during
the forecast period. Asia Pacific is projected to
be a rapidly expanding market for knee cartilage
repair in the near future. China dominated the
knee cartilage repair market in Asia Pacific,
while the market in the Rest of Asia Pacific is
estimated to expand at a significant CAGR during
the forecast period. About Us Transparency
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