Albany, New York, October 30, 2017: Cartilage is flexible connective tissue in our body and functions to connect bones together. Based on cartilage degeneration market, a global report titled as “Cartilage Degeneration Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” is submitted to the repository of “Market Research Reports Search Engine (MRRSE) recently. The report offers comprehensive analysis on the key factors that are influencing the global cartilage degeneration market.
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The report begins with an executive summary that summarizes the entire content of the report for readers to know what is in there for them. The executive summary contains market introduction, segment wise market size by geography, procedure, application and treatment delivery channels for the forecast period 2017 to 2025. This section is followed by another section i.e. market overview which shares the latest developments, updates on merger & acquisitions, and forecasts market size for the period 2015 to 2025 for global cartilage degeneration market in US$ Mn. According to the report, the global cartilage degeneration market was recorded at US$9.5 bn in terms of value during 2017 which is expected to touch US$14.7 bn through 2025 with a strong CAGR of 5.6% CAGR in the mentioned forecast period.
The report also discusses various factors affecting market in terms of drivers and restraints. The report discusses how certain factors such as the increase in the number of sports related injuries, and sudden rise in the obese population has influenced the growth and become driver for global cartilage degeneration market. At the same time, it also discusses how surgical treatment and devices become unaffordable and lack of reimbursement policies in some of the developing countries become restraints in the growth of the global cartilage degeneration market. It also discusses on opportunities available in the market, analysing the market using Porter’s analysis and value chain analysis.
The global cartilage degeneration market is segmented by treatment delivery channel, application, and procedure type. The procedure type is further categorized into autologous chondrocyte implantation (ACI), cell based cartilage resurfacing, meniscus transplants, micro-fracture, osteochondral transplants, chondroplasty, joint replacements and others. The report mentions that the procedure type, joint replacements recorded the maximum share of the market during 2016 followed by chondroplasty segment. The application segment is categorized into hips, knees and others. The segment for treatment delivery channel is categorized into ambulatory surgical centers, specialty clinics, academic & research institutes, hospitals and others. Further, the report analyses that the application segment, the knee surgery market is predicted to lead market in the near future.
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The report examines the global cartilage degeneration market geographically by dividing it into regions and countries. The regions considered are the Middle East and Africa, Latin America, Asia Pacific, Europe and North America. It is projected that the region North America is to lead the global market through 2025 owing to the extensive access to reimbursement policies and availability of the Affordable Care Act as well as increasing frequency of joint injuries. The North America market was recorded at US$3.9 bn in terms of value during 2017 and is estimated to reach to US$6.1 bn by the end of 2025 with a strong CAGR of 5.7%.
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