Sunday, 14 April 2024
Friday, 04 Aug 2023 12:00 am

MENA Knee Cartilage Repair Market is expected to reach US$ 79,443.64 thousand by 2028

MENA Knee Cartilage Repair Market

By The Insight Partners

Arthroscopic Chondroplasty Segment, by Procedure Type, to Lead MENA Knee Cartilage Repair Market During 2022–2028

According to our new research study on “Middle East and North Africa Knee Cartilage Repair Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Procedure Type, Product, and End User,” the MENA knee cartilage repair market size is expected to grow from US$ 57,730.82 thousand in 2022 to US$ 79,443.64 thousand by 2028; it is estimated to register a CAGR of 5.5% during 2022–2028. Key factors driving the MENA knee cartilage repair market growth include rise in prevalence of osteoarthritis and developments in orthopedic field.

Based on procedure type, the MENA knee cartilage repair market is segmented into arthroscopic chondroplasty, cell-based cartilage resurfacing, osteochondral grafts transplantation, and others. The arthroscopic chondroplasty segment held the largest MENA knee cartilage repair market share in 2022 and is anticipated to register the highest CAGR of 5.6% in the MENA knee cartilage repair market during the forecast period. Damaged cartilage's rough and irregular surface causes pain, joint inflammation, and difficulty walking. If left untreated, it gradually degenerates the bones of the joints causing arthritis. The damaged cartilage does not heal on its own, and in such cases, arthroscopic chondroplasty prepares the joint for cartilage restorative procedures. Arthroscopic chondroplasty is recommended in case of mild to moderate cartilage wear or a cartilage injury in the joint. Arthroscopic chondroplasty is a commonly performed surgical procedure using an arthroscope (a small, fiber-optic instrument comprising a lens, light source, and video camera) during knee arthroscopy. During the process, the doctor creates two to five small incisions around the front of the knee. An arthroscopic camera is inserted through one of the incisions, and other incisions act as access points for other arthroscopic tools. The doctor carefully removes the small patch of damaged cartilage with the help of small surgical tools. Removing damaged tissue allows healthy cartilage to grow, and as the knee heals, new "scar tissue" cartilage grows on damaged tissue spots to replace the missing cartilage. The benefits of chondroplasty include improved joint function, reduced joint pain, slowed cartilage degeneration, and immediate relief. In general, recovery from an arthroscopic procedure is faster and less painful compared to recovery from traditional surgery. Thus, the above-mentioned factors support the MENA knee cartilage repair market growth for the arthroscopic chondroplasty segment.

Impact of COVID-19 Pandemic on MENA Knee Cartilage Repair Market Growth

In the past several decades, countries in the MENA region have strengthened their health systems and upgraded public and commercial healthcare. However, the limited availability of resources, including trained staff and medical equipment, and the burden of noncommunicable diseases harm the overall healthcare system in the region. In 2020, the COVID-19 pandemic significantly impacted the delivery and accessibility of social services, education, health and nutrition, healthcare spending, and wellbeing- and development-related businesses in the region.

Preemptive action by governments helped them flatten the infection curve in their respective countries. Moreover, elective procedures were canceled, which caused a decrease in the patient pool, and surgical procedures were adversely affected. The COVID-19 pandemic reduced the number of orthopedic procedures in 2020, as public health networks have a more significant adverse impact on elective surgeries due to a slower recovery than private institutions, and only emergency surgeries were performed, which impacted the knee cartilage repair market growth. However, an increase in the number of people on the waiting list to undergo knee surgeries will widen the access gap to orthopedic surgery, ultimately helping the MENA knee cartilage repair market to grow significantly.

Arthrex Inc, Medical Device Business Services Inc, Zimmer Biomet Holdings Inc, Medacta Group SA, Anika Therapeutics Inc, Conmed Corp, Stryker Corp, CartiHeal Inc, Smith & Nephew Plc, and B. Braun SE are among the leading companies operating in the MENA knee cartilage repair market.

Based on procedure type, the MENA knee cartilage repair market is segmented into arthroscopic chondroplasty, cell-based cartilage resurfacing, osteochondral graft transplantation, and others. In terms of product, the MENA knee cartilage repair market is segmented into arthroscopic systems, screws & implants, and others. By end user, the MENA knee cartilage repair market is segmented into hospitals, ambulatory surgical centers, and orthopedic clinics. By region, the MENA knee cartilage repair market is segmented into Saudi Arabia, the UAE, Egypt, Israel, and the Rest of MENA.

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy