(EMAILWIRE.COM, December 12, 2018 ) Increase in obese population and rising incidence of sports injuries are the major factors driving the growth of this market. However, high cost of therapy and unfavorable reimbursement scenario are the major factors that are restraining the growth of the cartilage regeneration market.

The cartilage repair/ cartilage regeneration market is segmented on the basis of treatment modalities, application, and region. Based on treatment modalities, the market is segmented into cell based approaches and non-cell based approaches. Cell based approaches are further segmented into chondrocyte transplantation, growth factor technology, and stem cells. Non-cell based approaches are segmented into tissue scaffolds and cell-free composites.

The cell based approaches segment is expected to account for the largest market share in 2016.This treatment modality segment is also expected to be the fastest growing segment in the cartilage repair/ cartilage regeneration market. This segment is projected to grow at CAGR of 14.1%

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Hyaline cartilage application segment is also expected to be the fastest growing application segment in the cartilage repair/ cartilage regeneration market. This application segment is projected to grow at CAGR of 13.9% during forecast period. The large share and high growth of this segment can be attributed to the high prevalence of cartilage damage in hyaline cartilage.

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Globally, North America is expected to be the fastest-growing regional segment in the cartilage repair/ cartilage regeneration market. North America is also expected to account for largest share in the cartilage repair/ cartilage regeneration market, by region in 2016. The high growth and largest share of this segment can primarily be attributed to the expansion of the cartilage repair market in this region due to presence of major players in this market and wide availability of cartilage repair products.

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The major players operating in the cartilage repair/ cartilage regeneration market include Zimmer Biomet Holdings, Inc. (U.S.), Vericel Corporation (U.S.), Smith & Nephew plc (U.K.), Osiris Therapeutics, Inc. (U.S.), and Arthrex Inc. (U.S.).

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