Chondroplasty Market Recent Developments and Technology Growth Insights to Expand at a CAGR of 7.2% till 2023
Chondroplasty is a surgery of damaged cartilage with an aim to reduce friction in joints such as knee joint. In healthy condition articular cartilage which covers the end of the bones that form the joint is smooth and provides low friction surface for the joint structures.
The recent developments in the chondroplasty treatment includes development of radio frequency chondroplasty which uses radio frequency waves to fill cracks and wedges in the cartilage structure and to stimulate growth.
The “global chondroplasty market is expected to reach US$ 14.8 billion by 2023, and the market is projected to grow at a CAGR of ~ 7.2 % during the forecast period 2017-2023.”
There is also an increasing trend towards miniaturization of devices. Development of alloys have advanced the shavers and made them more efficient to ensure less trauma to the tissue being treated.
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However, in conditions such as arthritis, trauma, injuries etc. it becomes rough and damaged causing pain and swelling. Joint cartilage once damaged naturally heals poorly in most cases. Chondroplasty is performed to decrease complications, risks, and recovery time. The purpose of chondroplasty is to remove away the damaged joint surface.
Competitive Analysis:
Key players profiled in the report are –
- Braun Melsungen AG
- NuOrtho Surgical Inc.
- Zimmer Biomet Holdings Inc.
- Smith & Nephew plc
- Nebula Inc.
- Gpcmedical
- Osiris Therapeutics Inc.
- Sklar Surgical Instruments
- Stryker Corporation and others.
Segmental Analysis:
The global chondroplasty market has been segmented on the basis of types, anatomy, instruments and end users.
Based on types, the market has been segmented as radiofrequency ablation chondroplasty, abrasion chondroplasty, atellar chondroplasty, meniscal repair, tissue removal, and others.
Based on anatomy, the market has been segmented as knee, shoulder, hip, and others.
Based on instruments, the market has been segmented as shavers, RF devices, arthroscope and others.
Based on the end users, the market has been segmented as hospitals & orthopedic clinics, academic and research and others.
Intended Audience
- Global Chondroplasty treatment manufacturers & suppliers
- Research and development (R&D) companies
- Hospitals and clinics
- Academic institutes and universities
The recent developments in the chondroplasty treatment includes development of radio frequency chondroplasty which uses radio frequency waves to fill cracks and wedges in the cartilage structure and also to stimulate growth. There is also an increasing trend towards miniaturization of devices. Development of alloys have advanced the shavers and made them more efficient to ensure less trauma to the tissue being treated.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report at https://www.marketresearchfuture.com/reports/chondroplasty-market-4205
Regional Analysis:
The Americas account for a significant market share owing to extensive use of medications and high expenditure on the health care. Additionally, the fastest uptake of new instruments and surgical techniques in the US drives the chondroplasty market. The good reimbursement scenario and the greater awareness in the developed regions drive the market.
Europe is the second largest market in the world due to high income and healthcare penetration.
Asia Pacific region is expected to grow rapidly and China and India are likely to lead this market due to fast growing healthcare sector during the forecast period.
Gulf nations such as Saudi Arabia and the UAE are estimated to drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
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