Inkwood Research estimates that the Global Cartilage Degeneration Market is registered to project a CAGR of 4.64% in terms of revenue during the forecasting years of 2021-2028.
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Cartilage entails the smooth, connective tissue cushioning
the meeting area of bones as well as joints. Cartilage degeneration is likely
to result in chronic inflammation in the joints. The risk factors for the same
include aging, sports injuries, accidental injury, weight, or trauma to joints such
as knees or hips, and others.
Rising
Prevalence of Obesity to Augment Market Growth
Obesity has a significant impact on the musculoskeletal
system, leading to the degeneration of bones, ligaments, and cartilage. Moreover,
the condition, in addition to several other factors, is strongly associated
with the augmenting risk of rapid cartilage loss. The increasing incidence of
obesity is set to elevate the prevalence of cartilage degeneration, thereby
fueling the market’s growth. Conversely, the tremendous rate of obesity is
likely to accelerate owing to unhealthy lifestyles such as the consumption of
junk food, genetic conditions, sedentary lifestyle, as well as the deprivation
of mental health.
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Cell-Based Cartilage Resurfacing is the Leading Procedure
Cell-based cartilage resurfacing entails cartilage repair with the
assistance of tissue engineering as well as cell therapies. Generally,
repairing damaged articular cartilage highlights a significant challenge of
unsuccessful biological interventions, in addition to tissue repair capacity.
As a result, this marks the need for improved cell-based therapeutic strategies
in order to deal with cartilage repair. For instance, autologous chondrocyte
implantation (ACI) is a state-of-the-art procedure recommended for treating
injured full-thickness articular cartilage. While the Food and Drug
Administration (FDA) approved autologous chondrocyte implantation at the end of
the femur bone (thigh), the procedure is also recommended for patella (knee
cap) defects.
North Market to Hold the Highest Market Share by 2028
On account of
unhealthy lifestyles and imbalanced food fortification in North America, the
incidence of obesity has risen and is anticipated to increase further over the
upcoming years. Furthermore, obesity raises the risk of several complications
like inflammatory and degenerative ailments such as joint pain and joint
degeneration as well as osteoarthritis, thereby propelling the regional
market’s growth during the forecast years.
The competition among tier 1, 2, and 3 companies is
continually rising across the global cartilage degeneration market. The threat
of rivalry is also elevated among market participants, primarily within their
respective segments. Besides, vendors distinguish their products based on key
aspects, namely, cost, application, and quality.
The top firms in the market are Smith & Nephew PLC, Arthrex
Inc, DePuy Synthes Companies, Stryker Corporation, etc.
About Inkwood Research
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fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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