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Europe Cartilage Repair Market Forecast 2021-2028

The Europe cartilage repair market is set to project a CAGR of 15.08% during the forecast period, 2021-2028. The technological advancements, the presence of various medical device companies, and the rising R&D, are the important factors fueling the market growth.

Russia, Germany, Italy, the United Kingdom, France, Poland, Belgium, and the rest of Europe, are evaluated for the analysis of the Europe cartilage repair market growth. Germany is set to be the leading market in the European market, given the strong capital and funding on healthcare. The healthcare expenditure in the country totaled around 390.6 billion euros per inhabitant in 2018, according to the Federal Statistical Office (Destatis) data of 2020. Further, technological advancements are aiding the market growth. Such developments are set to impact market growth in Germany.
In France, the increasing aging population is influencing the market growth. The efficient healthcare service is also beneficial for market growth, since it is considered to be among the best in the world. Belgium has an increasing number of cases in terms of trauma injuries, which influences the number of trauma surgical procedures performed. Also, the country records a large number of traffic-related deaths, according to an article. The rising geriatric population and the growing cardiovascular disease are estimated to further drive the market growth.

Some of the key players in the market include, Stryker Corporation, Vericel Corporation, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, RTI Surgical Inc, etc.

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