Cartilage Degeneration Market is expected to reach US$ 14,580.10 million With CAGR of 4.4% from 2020 to 2027
iCrowd Newswire
30 Jun 2021, 08:26 GMT+10
According to The Insight Partners market research study of "Cartilage Degeneration Market to 2027 – Global Analysis and Forecast by Procedure Type, Application, and End User," the global cartilage degeneration market is expected to reach US$ 14,580.1 million in 2027 from US$ 10,459.9 millionin 2019. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2027. The report highlights trends prevailing in the global cartilage degeneration market and the factors driving market along with those that act as hindrances.
Based on the application, the global cartilage degeneration market is segmented into knee, hips, and other applications. The knee segment held the largest share of the market in 2019 and the same segment is estimated to register the highest CAGR in the market during the forecast period. Certain factors such as increasing prevalence of knee injuries and sport injuries are likely to offer significant opportunity for the growth of the segment. According to the data published by National Safety Council (NSC), in 2017, an estimated 526,000 injuries were caused due to personal exercise, with or without equipment in the US. Further, basketball caused the most number of injuries (~500,000), followed by bicycling (457,000) and football (341,000) in the country.