Report ID: SQMIG35D2072
Report ID:
SQMIG35D2072 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
121 |
Figures:
77
In 2023, North America was established as the market leader, commanding a share of over 45%. If people choose a healthy lifestyle, the forecast till at least the end of the review period is for the region to maintain its leading position. The urge for and appeal of cartilage repair in the United States and Canada is largely driven by a target audience and shifts in lifestyles, combined with the ever-increasing rate of musculoskeletal disorders. Further, the incidence of osteoporosis in the UK, Germany, and France is increasing significantly, and about 500,000 people require hospital care each year due to fractures at standing height or below caused by osteoporosis. It is expected to affect the Europe market.
Asia-Pacific will grow at the highest CAGR of 5.8% during the forecast period. Hip and knee replacement surgery is one of the most common and successful operations in Asia-Pacific. The Asia-Pacific cartilage repair market is expected to expand due to the rise in knee problems and the aging population. As a result, market growth factors include an increased risk of accidents and fractures caused by osteoporosis. It is driven even further by the efforts of market participants to introduce cutting-edge items in the region. Since osteoarthritis frequently results in cartilage injury and the degeneration of articular cartilage, it is the main reason for these operations.
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Report ID: SQMIG35D2072