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North America Cartilage Repair Market Forecast 2021-2028

The North America cartilage repair market growth is set to evolve at a CAGR of 14.62% during the forecast period, 2021-2028. The presence of several local and regional players and the increasing incidence of osteoarthritis are driving the growth of the market.

Canada and the United States are assessed for the North America cartilage repair market growth analysis. The rising osteoarthritis, surging R&D investments, increasing advancements in terms of cartilage repair, high demand for cell cartilage repair, and the growing geriatric population, are set to drive the market growth in Canada. According to an article, 45% of baby boomers will be 65 and above in 2020. Also, 1 in 10 will live in senior residence by 80. Further, in 2030, around 650,000 people will be living in the nursing homes of Canada, which currently stands at about 450,000. Moreover, there is also an increase in sports-related injuries, with a high demand for cartilage repair products. In 2016-2017, 17,655 were hospitalized for sports-related injuries, according to the Canadian Institute for Health Information. According to a recent update by Statistics Canada, the population aged 65 and above is set to reach 659,261 in the coming years. Such factors are projected to increase market growth in Canada.

Some of the distinguished companies in the market include, Medtronic PLC, Johnson & Johnson, Arthrex Inc, Smith & Nephew PLC, Stryker Corporation, etc.

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