Asia Pacific Cartilage Regeneration Market was worth USD 67.44 million in 2016 and is projected to be growing at a CAGR of 13.1%, to touch USD 124.80 million by 2021.
Cartilage is a kind of connective tissue which seams bones together. Cartilage tissue is vital because of the flexibility and steadiness of movement it provides.
It is found in the human body in parts like ear, nose, throat, rib cage and between the bones of the back.
Bone and Cartilage are both specialised systems of connective tissue and are made up of cells in an extracellular matrix.
Hyaline Cartilage is the most widespread type of cartilage and makes up the embryonic skeleton.
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The growth of the Asia Pacific Cartilage Regeneration Market is driven by factors such as the availability of huge population base with the consequent increased incidence of joint and bone disorders, growing frequency of injuries related to sports and other accidents. The increase in obese population is also among the major drivers of the market.
Unfavourable reimbursement policies coupled with the high cost of cartilage regeneration are among the major restraints faced by the market.
The Asia Pacific Cartilage Regeneration Market is segmented on the basis of the Type of Treatment, Application and Geography. Based on the Type of Treatment used, the Cartilage Regeneration market is divided into Cell Based Approaches and Non-Cell Based Approaches.
The Cell based Approaches are further divided into Chondrocyte Transplantation, Stem Cells and Growth Factor Technology. Non-cell based approach is further classified into Tissue Scaffolds and Cell-free composites.
Based on Application, the Cartilage Regeneration Market is segmented into Hyaline Cartilage Regeneration and Fibrocartilage Regeneration.
1 Type of Treatment
1.2 Cell Based Approaches
1.2.1 Stem Cells
1.2.2 Growth Factor Technology
1.2.3 Chondrocyte Transplantation
1.3 Non-Cell Based Approaches
1.3.1 Cell Free Composites
1.3.2 Tissue Scaffolds
1.4 Y-o-Y Growth Analysis, By Type of Treatment
1.5 Market Attractiveness Analysis, By Type of Treatment
1.6 Market Share Analysis, By Type of Treatment
2.2 Hyaline Cartilage Regeneration
2.3 Fibrocartilage Regeneration
2.4 Y-o-Y Growth Analysis, By Application
2.5 Market Attractiveness Analysis, By Application
2.6 Market Share Analysis, By Application
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The Asia Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Factors such as growing elderly population with immunity and blood disorders, and growing disposable incomes due to emerging economies in countries such as India and China are expected to lead the growth of the market in this region.
Asia Pacific is a fast developing Cartilage Regeneration Market which is expected to face a market boom once the costs of treatment become more feasible. Availability of humongous untapped markets and enormous population base are projected to drive market growth in the future, in the Asia-Pacific Cartilage Regeneration Market.
Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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The significant players in the Asia Pacific 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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