1. Market Research
  2. > Healthcare
  3. > Medical Device Market Trends
Asia Pacific Cartilage Degeneration Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Procedure Type ; Application ; and End User and Country – Regional Analysis and Market Forecasts by Procedure Type, Application and End User

Asia Pacific Cartilage Degeneration Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Procedure Type ; Application ; and End User and Country – Regional Analysis and Market Forecasts by Procedure Type, Application and End User

  • September 2020
  • 117 pages
  • ID: 5978821
  • Format: PDF
  • The Insight Partners
Up to $1000 off Until Dec 10th 2020

Summary

Table of Contents

Search Inside

The Asia Pacific cartilage degeneration market is expected to reach US$ 2,509.24 million by 2027 from US$ 1,721.26 million in 2019; it is estimated to grow at a CAGR of 5.0% from 2020 to 2027.

The cartilage degeneration market is growing primarily due to the increasing prevalence of sports injuries and obesity in Asia Pacific.However, the high cost of cartilage therapies is restraining the growth of the market.

Additionally, growing number of product approvals and rising emphasis on regenerative medicines are likely to fuel the growth of the cartilage degeneration market during the forecast period.

Degeneration of cartilage can lead to pain and chronic inflammation in joints of the human body.Furthermore, damaged cartilage can potentially influence the quality of a patient’s life.

Continuous research and developments are innovating new techniques and methodologies to deal with damages cartilages. A few of these techniques comprise joint replacement, cell therapies, and chondroplasty.

Companies operating in the cartilage degeneration market are undertaking various R&D activities to introduce more innovative products. For instance, in January 2019, Cellular Biomedicine Group, Inc, a biopharmaceutical firm engaged in the development of immunotherapies for cancer and stem cell therapies for degenerative diseases, announced that its AlloJoin® therapy for Knee Osteoarthritis (KOA) has been approved as the first stem cell KOA drug application for a Phase II clinical trial in China.

The new cartilage therapies are adopt advanced cell technologies to strengthen the procedural outcomes.Furthermore, MEDIPOST announced that the Ministry of Food and Drug Safety (MFDS) has approved the Phase 3 clinical trial of CARTISTEM® for the treatment of patients with ankle joint osteochondral cartilage defects.

Also, DePuySynthes Mitek Sports Medicine launched a new suite of knee arthroscopy solutions to improve operating room efficiency, simplify ACL and meniscus repair, and make these surgeries more reproducible.

The industry players in the cartilage degeneration market are focusing on establishing collaborations and partnerships for the development of advanced products with increasing procedural efficiency.For instance, Wright Medical Group announced the acquisition of Imascap SAS for US$ 88 million.

Imascap SAS develops software for preoperative joint replacement surgery. The increasing number of product approvals, R&D, adoption of advanced technologies, and strategic activities are projected to offer lucrative growth opportunities for the cartilage degeneration market in APAC.

Countries in Asia Pacific are facing challenges due to increasing cases of COVID-19.Hospitals are already struggling to deal with rising pandemic pressure.

To relieve healthcare systems, many clinics/hospitals are postponing non-critical surgeries.Despite China being a rapidly growing market for medical devices such as hip and knee implants, due to the COVID-19 crisis, hardly any elective surgeries were performed in the country in February.

Considering the current healthcare scenario, medical device companies such as Stryker, CartiHeal Inc., and Smith & Nephew have predicated the decline in sales in China.

The knee segment accounted for the largest share of the market in 2019.The growth of this segment is attributed to the increasing prevalence of knee injuries.

For instance, according to the study—based on NCBI data—published in an online newspaper, one in four adults suffers from chronic knee pain. Furthermore, increasing awareness of the benefits provided by cartilage repair is anticipated to drive the growth of the knee segment.

Major secondary sources associated with the Asia Pacific cartilage degeneration market report are World Health Organization (WHO), Indian Council of Medical Research (ICMR), National Center for Biotechnology Information (NCBI), Australian Institute of Health and Welfare, and others.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($3000)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Artificial Joints Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type, Material, Application, End User and Geography

  • $ 4500 - $ 3600 - Get 20% off now!
  • September 2020
  • 183 pages

The global artificial joints market is expected to US$ 28,614.88 million in 2027 from US$ 18,356.80 million in 2019; it is estimated to grow at a CAGR of 5.8% from 2020 to 2027.The market growth is mainly ...

  • APAC
  • World
  • Orthopedic Prosthesis
  • Industry analysis
  • Overweight Prevalence
  • Health Expenditure

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on