Canada Cartilage Repair Market Size & Outlook, 2023-2030
Canada cartilage repair market, 2018-2030 (US$M)
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Canada cartilage repair market highlights
- The Canada cartilage repair market generated a revenue of USD 240.8 million in 2023 and is expected to reach USD 368.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, cell based was the largest revenue generating modalities in 2023.
- Non-Cell Based is the most lucrative modalities segment registering the fastest growth during the forecast period.
Cartilage repair market data book summary
| Market revenue in 2023 | USD 240.8 million |
| Market revenue in 2030 | USD 368.9 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Cell based |
| Fastest growing segment | Non-Cell Based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cell Based, Non-Cell Based |
| Key market players worldwide | B. Braun, Zimmer Biomet Holdings Inc, Stryker Corp, Becton Dickinson & Co, Anika Therapeutics Inc, Smith & Nephew PLC, Vericel Corp, Johnson & Johnson, Medacta Group SA Ordinary Shares, Collagen Solutions, Arthrex |
Other key industry trends
- In terms of revenue, Canada accounted for 5.4% of the global cartilage repair market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cartilage repair market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 368.9 million by 2030.
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Cartilage Repair Market Scope
Cartilage Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada cartilage repair market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cartilage repair market will help companies and investors design strategic landscapes.
Cell based was the largest segment with a revenue share of 80.65% in 2023. Horizon Databook has segmented the Canada cartilage repair market based on cell based, non-cell based covering the revenue growth of each sub-segment from 2018 to 2030.
A large percentage of the Canadian population suffers from osteoarthritis. It affects more than 10.0% of the country’s population aged 15 years and above. Moreover, Canada has a universal healthcare system that offers healthcare facilities to all Canadian citizens.
As a result, cartilage repair surgeries are more affordable to patients since the cost is borne by the government of Canada. However, the population of Canada is lesser than that of the U.S. Consequently, overall patient population is significantly low in the country, and this leads to a smaller share in revenue generation.
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Our clientele includes a mix of cartilage repair market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cartilage repair market , including forecasts for subscribers. This country databook contains high-level insights into Canada cartilage repair market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cartilage repair market size, by modalities, 2018-2030 (US$M)
Canada Cartilage Repair Market Outlook Share, 2023 & 2030 (US$M)
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