DePuy Synthes (US) and Smith & Nephew (UK) are Leading Players in the Cartilage Repair/ Cartilage Regeneration Market
The global cartilage repair and regeneration market is projected to reach USD 1,603 million by 2025 from USD 787 million in 2020, at a CAGR of 15.3% during the forecast period. The growth of this market is primarily driven by the increasing incidence of osteoarthritis and increasing funding and investments for research in this field.
Prominent players in the cartilage repair and regeneration market are DePuy Synthes (US), Smith & Nephew plc (UK), Zimmer Biomet (US), CONMED Corporation (US), Stryker Corporation (US), and Vericel Corporation (US).
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DePuy Synthes (US) is leading player in the cartilage repair and regeneration market. The company has a strong geographical presence and brand image globally. The company offers products for the cartilage repair and regeneration market through the Orthopedic segment. The company operates in more than 60 countries across Africa, Western Europe, East Europe, Latin America, Asia Pacific, and the Middle East.
Smith & Nephew (UK) is the another leading player in the cartilage repair and regeneration market. The company has a strong geographical footprint with its presence in over 100 countries across the Americas, Europe, Asia, Australasia, and the Middle East and Africa. Smith & Nephew sells its products and services through direct sales with the assistance of customer-service professionals, e-commerce, and third-party distributors. The company operates under three dedicated franchises, namely, Orthopaedics, Sports Medicine & ENT, and Advanced Wound Management. In 2018, the company recorded a substantial growth of more than 130% in its Sports Medicine division. To further strengthen its position in the cartilage repair and regeneration market, the company acquired one of the major players in this segment, Osiris Therapeutics (US).
Related Reports:
Cartilage Repair/ Cartilage Regeneration Market by Treatment modalities (Cell based Type (Chondrocyte Transplantation, Growth Factor), Non-Cell (Tissue Scaffolds)), Application (Hyaline), End User (ASCs, Clinic), Site (Knee) - Global Forecast to 2025
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