The Global Cartilage Regeneration Market was worth USD 421.5 million in 2016 and is projected to be growing at a CAGR of 14.2%, to touch USD 818.71 million by 2021

Hyderabad, India -- (SBWire) -- 03/16/2018 --According to a new market research report " Cartilage Regeneration Market By Type Of Treatment (Cell Based Approaches, Non-Cell Based Approaches, Chondrocyte Transplantation, Stem Cells, Growth Factor Technology, Tissue Scaffolds, Cell-free Composites), By Application (Hyaline Cartilage, Fibrocartilage) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", published by MarketDataForecast™, the Global Cartilage Regeneration Market was valued to be worth USD 421.5 million in 2016 and is projected to grow with a CAGR of 14.2% to approach USD 818.71 million by 2021. Increasing prevalence of joint and bone disorders around the globe is the key driver behind the growth of the market.

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Cell based approaches segment to grow at the highest rate till 2021
Based on categorization by the Type of Treatment used, the global market is broadly classified into Cell Based Approaches and Non-Cell Based Approaches. Each segment has respective sub segments like Stem Cells, Growth Factor Technology and Cell-free composites, Tissue Scaffolds. Cell based approaches segment is to account for the highest growth rate under this segmentation of the market.

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Hyaline Cartilage Regeneration segment to experience the fastest growth
On the basis of classification by Application, the global Cartilage Regeneration Market is divided into Hyaline Cartilage Regeneration and Fibrocartilage Regeneration. The increasing occurrence of accidents worldwide and the rising number of athletes act as drivers for the market growth globally. And subsequently, the Hyaline Cartilage Regeneration segment is predicted to witness the quickest growth rate in the forecast period.

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North America is estimated to command the largest share of the market
The global market is geographically examined as North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa regions. In 2016, North America provided the largest market for Cartilage Regeneration in the whole world. This is due to the presence of developed medical facilities and various reimbursement schemes by the governments. However, owing to its huge population, the Asia Pacific market is predicted to grow at a high CAGR.

The main players in the global Cartilage Regeneration Market include Osiris Therapeutics, Inc. (U.S.), Smith & Nephew plc (U.K.), Arthrex Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), and Vericel Corporation (U.S.),

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