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Asia Pacific Cartilage Repair Market Forecast 2021-2028

KEY FINDINGS
The Asia Pacific cartilage repair market is estimated to project a CAGR of 16.84% during the forecast period, 2021-2028. The increasing need for sophisticated medical facilities, the growing prevalence of lifestyle diseases resulting in bone & joint ailments, and the rising R&D activities, are propelling the market growth.

MARKET INSIGHTS
The Asia Pacific cartilage repair market growth assessment includes the analysis of Australia & New Zealand, China, Indonesia, Vietnam, Thailand, South Korea, India, Japan, and the rest of Asia Pacific. The implementation of policies and the commercialization of regenerative products like surgical sealants and tissue mesh has helped develop the market prospects of Japan. The geriatric population is on the rise in the country, along with the growing incidences of cardiovascular diseases, musculoskeletal diseases, and trauma injuries. Also, the field of cartilage repair is undergoing development. Such factors offer immense growth opportunities for the cartilage repair market.
In Australia, the traumatic cases and the aging population are both on the rise. In the last 20 years between 1999 and 2019, the population aged 65 and above increased from 12.3% to 15.9%, according to the Australian Bureau of Statistics. In New Zealand, the most common form of arthritis is osteoarthritis. It is a condition that gradually breaks down the soft tissue in joints like fingers, knees, and hips. Moreover, the sports injuries have spiked in the age group of 10-14 years in the last ten years, according to the stats released by the Accident Compensation Corporation (ACC) in 2019. Such factors are set to promote market growth in these countries.

COMPETITIVE INSIGHTS
Some of the prominent companies in the market include Stryker Corporation, Integra Lifesciences Corporation, Cryolife Inc, Johnson & Johnson, Medtronic PLC, etc.

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Asia Pacific Cartilage Repair Market Forecast 2021-2028
Published By :Inkwood Research
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