China Cartilage Repair Market Size & Outlook, 2023-2030
China cartilage repair market, 2018-2030 (US$M)
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China cartilage repair market highlights
- The China cartilage repair market generated a revenue of USD 180.8 million in 2023 and is expected to reach USD 290.5 million by 2030.
- The China market is expected to grow at a CAGR of 7% 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 180.8 million |
| Market revenue in 2030 | USD 290.5 million |
| Growth rate | 7% (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, China accounted for 4.1% 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 Asia Pacific, China cartilage repair market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 288.8 million by 2030.
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Cartilage Repair Market Scope
Cartilage Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 80.64% in 2023. Horizon Databook has segmented the China cartilage repair market based on cell based, non-cell based covering the revenue growth of each sub-segment from 2018 to 2030.
China is heavily investing on the healthcare sector. After the implementation of China’s 13th Five-Year Plan, which prioritized healthcare sector, a tremendous growth has been observed in this sector. In addition, China accounts for the largest population in the world. Increase in geriatric population who are highly susceptible to bone problems such as osteoarthritis is expected to propel market growth. As a result, the demand for cartilage repair is anticipated to rise significantly in the near future.
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Target buyers of China cartilage repair market databook
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Our clientele includes a mix of cartilage repair market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China cartilage repair market , including forecasts for subscribers. This country databook contains high-level insights into China cartilage repair market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cartilage repair market size, by modalities, 2018-2030 (US$M)
China Cartilage Repair Market Outlook Share, 2023 & 2030 (US$M)
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