South Africa Cartilage Repair Market Size & Outlook
South Africa cartilage repair market, 2018-2030 (US$M)
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South Africa cartilage repair market highlights
- The South Africa cartilage repair market generated a revenue of USD 25.2 million in 2023 and is expected to reach USD 35.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5% 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 25.2 million |
| Market revenue in 2030 | USD 35.5 million |
| Growth rate | 5% (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, South Africa accounted for 0.6% 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 Middle East & Africa, South Africa cartilage repair market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 26.4 million by 2030.
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Cartilage Repair Market Scope
Cartilage Repair Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 80.56% in 2023. Horizon Databook has segmented the South Africa cartilage repair market based on cell based, non-cell based covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is soon developing itself as a medical tourism hub. The private hospitals, and state of-the-art surgical technologies which are practiced in the country act as a driver for the medical tourism industry. Most of the expenditure is out-of-pocket in this region.
There are several hospitals such as Net care Group and Life Healthcare Hospital Group in Johannesburg which provide cartilage regeneration stem cell treatment. The cell based cartilage repair/ regeneration treatment modality is preferred in this region. The population of South Africa prefer intrinsic repair stimuli as a treatment type.
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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 South Africa cartilage repair market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cartilage repair market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cartilage repair market size, by modalities, 2018-2030 (US$M)
South Africa Cartilage Repair Market Outlook Share, 2023 & 2030 (US$M)
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