Several synthetic cartilage implants for the treatment of arthritis are receiving approval from the U.S Food and Drug Administration (FDA) and generating significant revenue in the artificial cartilage implant market. The synthetic cartilage is composed of saline and synthetic polymer (polyvinyl alcohol (PVA)). Polyvinyl alcohol (PVA) crosslinking yields an inert and lubricating material that has mechanical properties same as human cartilage. During artificial implant of the cartilage, long-term follow-up is necessary to withstand complications such as subsidence, wear, and tear, loosening, inflammatory, or auto-immune attack.
Artificial Cartilage Implant: Drivers and Restrains
According to Centers for Disease Control and Prevention and it is estimated that in the United States about 54.4 million United States adults suffer some form of arthritis, rheumatoid arthritis, gout, and this number will rise with the increase in geriatric population and various lifestyle diseases such as obesity, and various fall injuries etc. The rise in prevalence of arthritis, fall injuries, and other lifestyle diseases, researchers focusing on innovative technologies for durable cartilage implantation and growing awareness about the same with recent product launches of artificial cartilage implant, mimics both strength and suppleness of native tissue is expected to boost the market revenue for artificial cartilage implant market. The major challenge associated with the artificial cartilage implant are cost associated with cartilage repair and implant, FDA stringent regulation that may hinder the growth of the artificial cartilage implant market. Pipeline and clinical research are on the way with new materials; that causes fewer complications and last longer. According to National Joint Registry about 160,000 total hip and knee replacement surgery are performed each year in England and Wales.
Artificial Cartilage Implant: Segmentation
The global artificial implant market has been classified on the basis of surgery type, end user and geography.
Based on the surgery type, the global artificial cartilage implant market is segmented autologous chondrocyte transplantation, meniscus transplant, osteochondral allograft, cell-based cartilage resurfacing and others. Based on the end user artificial cartilage implant market is segmented into, hospitals, ambulatory care centers, orthopedic clinics and others. The rise in incidences of orthopedic diseases and disorders, growing aging population, companies focusing on collaboration, acquisition, and merger with various manufacturers to expand their product portfolio are attributed towards the growth of artificial cartilage implants or the treatment of articular cartilage injuries
Artificial Cartilage Implant: Regional Overview
Artificial Cartilage Implant: Key Players
Some of the key players in global artificial cartilage market are Biomet, Inc., Azellon Cell Therapeutics, Anika Therapeutics , DePuy (Johnson & Johnson), CellGenix, Advanced Technologies and Regenerative Medicine, Medtronic Plc., Stryker Corporation, Smith & Nephew, Sanofi SA and others
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