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India Cartilage Repair Market Forecast 2021-2025

KEY FINDINGS
The India cartilage repair market growth is predicted to evolve at a CAGR of 16.54% during the forecast period, 2021-2025. The market growth is attributed to the increasing demand for orthopedic devices, a large population base, and the rising incidence of osteoarthritis & joint-related diseases. The base year considered for the study is 2020.

MARKET INSIGHTS
Several global players have their bases in India. They are increasingly prioritizing providing cost-effective therapies for patients, along with the adoption of novel stem cell-based technologies. The latter is useful for developing products to treat diseases. This is accredited to the increasing incidence of injuries and the growing geriatric population. There are almost 104 million elderly people, aged 60 and above, as per the Population Census 2011. Further, a report by the United Nations Population Fund and HelpAge India estimates that the aging population is set to reach 173 million by 2026. Such factors further complement the growth of the market.

COMPETITIVE INSIGHTS
Some of the leading companies in the market include Smith & Nephew PLC, Johnson & Johnson, Stryker Corporation, Medtronic PLC, B. Braun Melsungen AG, etc.

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India Cartilage Repair Market Forecast 2021-2025
Published By :Inkwood Research
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