Chondroplasty Market is accounted for USD 8.85 billion in 2016 growing at a CAGR of 7.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Chondroplasty is a surgical procedure used to smooth damaged cartilage in the knee. The goal of the surgery is to lessen friction in the joint, allowing the knee to move freely and without pain. The knee joint is covered in articular cartilage, which is a smooth tissue that allows the joint to move without friction. Trauma and degenerative conditions can damage the cartilage and cause it to become rough. Studies have found that the majority of patients who undergo chondroplasty are satisfied with the results of the procedure.
Chondroplasty is done arthroscopically. This means that a thin instrument made up of a camera and light is inserted into the knee through a very small incision, allowing the surgeon to assess and remove the damage. Arthroscopy also allows the surgeon to look for and treat other damage in the knee at the same time.
The global chondroplasty market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of chondroplasty market for global, Europe, North America, Asia Pacific and South America.
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Major Market Drivers and Restraints:
- Increasing geriatric population
- Increasing number of surgeries for joint and orthopaedic defects
- Rising number of accidents & trauma cases
- Growing sports culture
- Rising awareness among patient
Chondroplasty Market Major Market Competitors:
Some of the major players operating in global chondroplasty market are
- Braun Melsungen AG
- NuOrtho Surgical
- Zimmer Biomet Holdings
- Smith & Nephew plc
- Nebula Inc
- Osiris Therapeutics
- Sklar Surgical Instruments
- Stryker among others.
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Market Segmentation: Global Chondroplasty Market
By type, global chondroplasty market is segmented into radiofrequency ablation chondroplasty, abrasion chondroplasty, atellar chondroplasty, meniscal repair, tissue removal and others.
On the basis of anatomy, global chondroplasty market is segmented into knee, shoulder, hip and others.
On the basis of equipments, global chondroplasty market is segmented into shavers, rf devices, arthroscope and others.
On the basis of end user, global chondroplasty market is segmented into hospital, orthopedic clinics, academic & research institute and others.
On the basis of geography, global chondroplasty market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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