Pune, India -- (SBWIRE) -- 03/02/2018 -- The surgery of damaged cartilage to reduce friction in joints such as knee joint is collectively known as Chondroplasty. In healthy condition articular cartilage which covers the end of the bones that form the joint is smooth and provides low friction surface for the joint structures. Conditions such as trauma, arthritis, and injuries makes it rough and damaged causing pain and swelling. Joint cartilage once damaged naturally heals poorly in most cases. Chondroplasty is performed to decrease complications, risks, and recovery time. The removal of the damaged joint surface is the main purpose of chondroplasty.

The Global Chondroplasty Market is expected to reach US$ 14.8 billion by 2023, and the market is projected to grow at a CAGR of ~ 7.2 % during the forecast period 2017-2023.

The recent developments in the chondroplasty treatment includes development of radio frequency chondroplasty which uses radio frequency waves to fill cracks, and wedges in the cartilage structure and also to stimulate growth. The rising trend for miniaturization of devices. Development of alloys have advanced the shavers and made them more efficient to ensure less trauma to the tissue being treated.

The global chondroplasty market is growing at a moderate pace; mainly due to increase in the number of people suffering from cartilage loss, high ageing population with demand for high quality musculoskeletal function in old age, and increasing penetration of orthopaedic specialty hospitals and healthcare insurance. Moreover, growing sports culture, rise in number of accidents and trauma cases, the increasing screening for joint and orthopaedic defects, and escalating awareness along with the growing income of people.

The growing geriatric population, rise in screening for joint and orthopaedic defects, rising number of accidents & trauma cases, growing sports culture, rising awareness and growing income of people are some of the market drivers for global chondroplasty market.

The surgical risks such as pain, bleeding, infection, poor healing in some cases, cost considerations, and others are some of the factors that are hampering the growth of this market.

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Global Chondroplasty Market Players

Key players profiled in the report are B. Braun Melsungen AG, NuOrtho Surgical, Inc., Zimmer Biomet Holdings Inc., Smith & Nephew plc, Nebula Inc., Gpcmedical, Osiris Therapeutics, Inc., Sklar Surgical Instruments, Stryker Corporation and others.

Global Chondroplasty Market - Competitive Analysis

The global chondroplasty market is well established market with number of companies operating in this market. There are large number of companies involved in the development of the products and therapies which are now widely used all across the world for the cartilage repair and other orthopaedic procedures.

As there is a transition happening in the use of the surgical procedures for the various restorative & reconstructive therapies, the world is adopting the new technologies leading to the massive growth in the market. There are great opportunities in the chondroplasty market in the near future. Considering the scenario, the existing big companies have optimized their focus and the force in order to cope with the market. Many new companies have jumped into the market in order to make the most of the opportunities. Companies are implementing the strategies of mergers and acquisitions with other players.

Segments:

The global chondroplasty market has been segmented on the basis of types, anatomy, instruments and end users.

Based on types, the market has been segmented as radiofrequency ablation chondroplasty, abrasion chondroplasty, atellar chondroplasty, meniscal repair, tissue removal, and others.

Based on anatomy, the market has been segmented as knee, shoulder, hip, and others.

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Based on instruments, the market has been segmented as shavers, RF devices, arthroscope and others.

Based on the end users, the market has been segmented as hospitals & orthopedic clinics, academic & research and others.

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