Cartilage Repair And Regeneration Market Size, Share, Growth, Trends, and Global Industry Analysis: By Types of Cartilage (Fibrocartilage, Hyaline Cartilage, Elastic Cartilage, Others), By Treatment Modality (Cell-based, Non-Cell-based) By Treatment Type (Palliative, Intrinsic Repair Stimulus), By Application (Knee, Spine, Ankle, Hip, Others), By Surgical Procedure (Chondroplasty and Microfracture, Autologous Chondrocyte Implantation, Osteochondral Autograft Transplantation, Osteochondral Allograft Transplantation, Juvenile Allograft Fragments, Others), By End User (Ambulatory Care Centres, Hospitals and Clinics, Surgical Centres, and Others), and Region

Cartilage Repair And Regeneration Market Size was valued at US$ 1,523.7 million in 2022 and is poised to grow at a CAGR of 12.8% over 2023-2029. The cartilage repair and regeneration market refers to the area of the medical industry that focuses on creating and offering remedies for the regeneration of damaged or degenerated cartilage in the human body, which is vital for supporting structural integrity and enabling pain-free joint movement. The increased prevalence of joint disorders such as osteoarthritis and rheumatoid arthritis drives the demand for effective cartilage repair and regeneration solutions market. According to WHO, in 2019, about 528 million people worldwide were living with osteoarthritis; 73% of people living with osteoarthritis are older than 55 years, and 60% are female. Furthermore, the rise in the number of people suffering from sports-related injuries like athletes and active individuals, particularly those involving joints like the knees and shoulders is anticipated to propel the market in the upcoming years. According to a study conducted by Johns Hopkins Hospital, in the U.S. about 30 million children and teens participate in some form of organized sports, and more than 3.5 million injuries each year with one-third of all injuries incurred in children.

Additionally, the development of non-invasive and regenerative techniques like ultrasound-guided therapies has provided several opportunities for the expansion of the market. Currently, 3D printing technology to aid in more efficient tissue regeneration and develop patient-specific scaffolds and structures that resemble the environment found in native cartilage is trending in the market. For instance, in 2021, Scientists from the Nakayama Lab at Saga University and Kyoto University in Japan have fabricated 3D-printed cartilage constructs from stem cells which could potentially be used to repair large cartilage defects in patients. But the regulatory hurdles for the approval of a particular product or therapy can be complex, time-consuming and expensive and may hinder the market growth. However, the increased incidence of osteoarthritis, increased funding and investments for research and launch of new products by key companies, increased government health initiatives, advanced infrastructure and instrumentation are anticipated to burgeon the market growth during the forecast years.

Cartilage Repair And Regeneration Market Key Developments:

• In April 2022, Bioventus acquired fellow orthopaedic device-maker CartiHeal for a deal worth up to $450 Million.
• In July 2021, The HYALEX Cartilage System, of Hyalex Orthopaedics was granted breakthrough device designation for its ability to restore function in patients who lost knee articular cartilage and bone and need a surgical procedure.
• In 2019, Smith & Nephew acquired Osiris Therapeutics, Inc. (US). This acquisition increased the company’s customer base and enhanced the advanced wound care management segment of Smith & Nephew.