Press release
Autologous Matrix-induced Chondrogenesis Marke Has Been Estimated to Account for US$89.71 mn.by 2024
The analysts at TMR have foreseen the global AMIC market to rise at a CAGR of 8.6% between 2016 and 2024 to achieve a revenue valuation of US$186.38 mn by the concluding forecast year. In 2015, the market had reached a US$89.71 mn. By material, the AMIC market for collagen could attain a higher share of almost 50.0% by 2024. Calculated to develop at an 8.3% CAGR, North America has been predicted to be a highly productive market for AMIC.
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The Global Autologous Matrix-induced Chondrogenesis Market is segmented on the basis of expression system, Material type, end user and region.
On the basis of material the global autologous matrix-induced chondrogenesis market segmented into hyaluronic acid, collagen, polyethylene glycol (PEG), poly lactic-co-glycolic acid (PGLA) and others. Of these, the collagen segment held the largest share of this market in 2015, which was closely followed by hyaluronic acid. Collagen accounts for approximately 30% of all protein within the human body. Therefore, it is widely used for tissue engineering applications. High tensile strength and excellent handling properties of collagen are expected to drive the segment’s growth in the coming years.
In terms of geography, the autologous matrix-induced chondrogenesis market is fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest share of the autologous matrix-induced chondrogenesis market in 2015, followed by Europe. Increasing prevalence of various bone and joint disorders such as arthritis and rheumatoid arthritis amongst the geriatric population is likely to support the growth of autologous matrix-induced chondrogenesis market in North America.
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Summary of Table of Content :
1 Preface
2 Assumptions and Research Methodology
3 Executive Summary
4 Market Overview
6 AMIC Market Analysis By Material
7 Global AMIC Market Analysis By Region
8 North America AMIC Market Analysis
9 Europe AMIC Market Analysis
10 Asia Pacific AMIC Market Analysis
11 Latin America AMIC Market Analysis
12 Middle East and Africa AMIC Market Analysis
13 Competition Landscape
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About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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