Knee Cartilage Repair Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Cartilage is a tough and elastic material, which acts as a connective tissue present in various parts of the body. Knee cartilage is a fine, elastic cushion-like tissue holding together the bones of knee joints. The knee cartilage is integral to the body as it helps reduce friction between knee joints, acts as a shock absorber, and provides support during physical activity.  However, damage can be caused during sports activities, monotonous use of the joint, congenital abnormalities and hormonal disorders that affect joint development.

Various procedures for damaged knee cartilage repair involve filling the cartilage pothole with repair tissue, to help heal the cartilage. Larger defects are treated with autologous chondrocyte transplantation or osteochondral allograft transplantation, while smaller defects are treated with autologous chondrocyte implantation (ACI), osteochondral autograft transfer, and marrow stimulating techniques.

The growing trend of sports activities and outdoor events among the young and old generation, has increased the risk of knee injuries, with a higher prevalence among sports players. This in turn, is expected to fuel the knee cartilage repair market in the future. Due to unhealthy lifestyle and excess consumption of junk food, the obese population has rapidly increased throughout the world. Obesity, a very common cause of knee cartilage damage, helps drive growth of the knee cartilage repair market.

Growing trend in sports activities is expected to fuel the knee cartilage repair market in future

According to World Health Organization (WHO) 2014, over 1.9 billion adults aged 18 years and older were reported as overweight, from which over 600 million adults were obese. Overall, around 13% of the world’s adult population (11% of men and 15% of women) were obese in 2014 and 39% of adults aged 18 years and above (38% of men and 40% of women) were overweight. The global prevalence of obesity doubled between 1980 and 2016. The increasing obese population is expected fuel the knee cartilage repair market over the forecast period.

According to a research conducted in 2016, 83% of the population aged 16 or older reported exercising at least once a week, revealing that the level of physical activity among the population has rapidly increased. The growing trend of sports and outdoor activities has increased the chances of cartilage injuries due to lack of use of protective equipment. This poses as a positive growth factor for the knee cartilage repair market, and is expected to drive more growth over the forecast period.

Busy lifestyle of the urban population, has resulted in limited physical activity and intake of unhealthy diet, resulting in excess weight gain, thus making knee cartilage more susceptible to injuries and damage. This helps fuel the knee cartilage repair market. The major factor inhibiting market growth is the high costs of knee cartilage repair procedure.

The global knee cartilage repair market is segmented on the basis of treatment modality, applications, end-user, and geography.

On the basis of treatment modality, the knee cartilage repair market is segmented into 

  • Cell based approaches
    • Chondrocyte transplantation
    • Growth factor technology
    • Stem cells 
  • Non-cell based approaches
    • Tissue scaffolds
    • Cell-free composites

On the basis of application, the knee cartilage repair market is segmented into

  • Hyaline cartilage
  • Fibrocartilage

On the basis of end-users, the knee cartilage repair market is segmented into

  • Orthopedic hospitals
  • Orthopedic surgeons
  • Clinics

Increasing prevalence of obese population in the U.S. is expected to boost the knee cartilage repair market over forecast period

Regional segmentation of knee cartilage repair market by Coherent Market Insights, comprises of North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the knee cartilage repair market due to rapid increase in obese population in the region. According to Organization for Economic Co-operation and Development (OECD), Obesity Update 2017 reported that the U.S. recorded the highest obese population in the world, with a 38.2% obese people, and Mexico, the second highest, with 32.4% obese people. Europe is estimated to closely follow North America in terms of growth due to increase in sports and outdoor activities in the region.

Emerging companies to target untapped market to boost company revenue

Key players in global knee cartilage repair market include DePuy (Johnson & Johnson), Sanofi Aventis, Biomet, Anika Therapeutics, Genzyme, Advanced Technologies and Regenerative Medicine, Smith and Nephew, CellGenix, BioTissue Technologies, Zimmer, and EMD Serono.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
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Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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