Demand for Articular Defects Treatment Bolstered by Surging Microfracture Procedure, Says Fact.MR
24 Feb 2021
Fact.MR, a global research & consulting firm, in their updated edition of the report, indicated that the Articular Defects Treatment market is poised to record a steady growth pace over the years to come. Rising prevalence of Osteoarthritis (OA) or arthritis, in addition to technological progressions in articular defects are the prime drivers projected to nurture industry growth expansion.
“Launch as well as addition of novel kinds of techniques and devices are contributing to the expansion the articular defects treatment. For instance, the European Medicines Agency (EMA) has mentioned marketing and granting authorization in the EU for Spherox, a novel Advanced Therapy Medicinal Product(ATMP) to take care of the adult patients with symptomatic articular defects that are in the patellofemoral and femoral.” states Fact.MR.
Growing Prevalence of Articular Defects will Drive Industry Growth
The growing recurrence and prevalence of articular defects, metabolic syndrome, obesity, and osteoarthritis is projected to be the key aspect fueling the expansion of the articular defects treatment industry in the approaching years.
In 2015, according to the survey published by NCBI, dietary, and obesity factors, joint loading and injury, and alignment and joint shape are a few key aspects which contribute to the growing prevalence of osteoarthritis, which consecutively is one the key aspects ensuing in articular defects.
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How Big is the Share of Microfracture in the Industry?
Microfracture procedure are widely opted as well as are suited for several conditions of articular defects. Microfracture is anticipated to remain lucrative and attain marginal market share amid the assessment period.
Microfracture is extensively utilized by athletes since there is lesser chance of post-surgical mismatch and reaction. On the other hand, surge in sports injuries and increasing preference by athletes for microfracture drives the demand for microfracture.
How Huge is the Opportunity for Players in the US?
The US is projected to be lucrative due to the existence of key market players in the region. China, India and South Korea is likely to expand at a notable growth pace, as a result of the growth of product offerings by major companies players. Germany and the UK will be the second-biggest share in the articular defects treatment industry over the assessment period.
New Product Development Remain Main Focus Area: Fact.MR Survey
The articular defects treatment market appears to be extremely competitive. Fact.MR’s survey indicated that the key market players are focusing on research and development technologies and new product development in 2021 and beyond. The updated edition of the report offers comprehensive coverage of the projected remain key strategies of the market players. Some of the major market players profiled in the report are DePuy Synthes, Acelity L.P. Inc, Smith & Nephew, Stryker Corporation, Bio-Tissue, ORTEQ Energy Technologies, CellGenix Technologie Transfer GmbH, and RTI Surgical. The latest edition also provides a thorough analysis of the COVID-19 impact on this market.
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