Global Nerve Repair and Regeneration Market: Market Segments: By Product (Neurostimulation and Neuromodulation Devices, Biomaterials); By Application (Neurostimulation and Neuromodulation Surgeries, Diagnostics, Neurorrhaphy, Nerve Grafting and Stem Cell Therapy); By End User (Hospitals, Ambulatory Surgical Centers and Clinics); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Intricate and fragile spinal cord, peripheral nerves, and brain structures make the nervous system vulnerable to different forms of injuries. This results in illnesses that are neurodegenerative and causing devastating physical disabilities. The machines for nerve repair and regeneration help to facilitate the regeneration of peripheral nerves. Nervous system repair and regeneration is a process that helps damaged tissue to regrow and heal, leading to a prospective recovery of the function of the nervous system.
Global Nerve Repair and Regeneration Market is expected to project a notable CAGR of XX.X% in 2030.
Global Nerve Repair and Regeneration Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The growth of the worldwide demand for nerve repair and regeneration can be due to rising geriatric population and a growing number of neurological disorders worldwide.
Global Nerve Repair and Regeneration Market: Segments
Biomaterials Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Nerve Repair and Regeneration Market is segmented by product into neurostimulation and neuromodulation devices, and biomaterials. The greater market share in 2018 was accounted by Neurostimulation and neuromodulation devices segment and is expected to see the highest growth during the forecast period. In order to dominate the neurostimulation and neuromodulation devices segment during the forecast era. This segment’s significant market share is mainly driven by increasing government spending on neurological disorders and favorable reimbursements.
Global Nerve Repair and Regeneration Market: Market Dynamics
High Incidence of Nerve Injuries
The primary factor driving the market for nerve repair and regeneration procedures is the high incidence of nervous system injuries. Due to factors such as high rate of nervous system injuries and nervous system reconstruction, enhanced effectiveness of biomaterials in the treatment of nervous system injuries, rise in incidence rate of chronic CNS disorders such as Alzheimer’s and Parkinson’s disease, ageing population, increased healthcare expenditure, new applications such as DBS and launching A significant growth driver for the industry is a rapid rise in the occurrence of neurological disorders and peripheral nerve injuries.
Preference for Drug Therapies Over Nerve Repair and Regeneration Products
Some of the main factors restricting market growth are the lack of knowledge among patients and doctors about nerve repair and regeneration products and techniques, and the lack of trained practitioners.
Global Nerve Repair and Regeneration Market: Regions
Global Nerve Repair and Regeneration Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Nerve Repair and Regeneration Market in North America held the largest market share of XX.X% in the year 2018 owing to increased occurrence of neurological disorders in the area and a favourable health insurance coverage scenario. Also, involvement of major market players, the availability of technologically advanced devices is also a major factor for dominance of the region. Due to the rising target population base, rising awareness among patients, supportive government initiatives, the presence of unmet medical needs and the emergence of advanced technologies, Asia Pacific is the fastest growing region.
Global Nerve Repair and Regeneration Market: Key Players
• Synapse Biomedical, Inc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Medtronic, plc
• Boston Scientific Corporation
• Abbott Laboratories
• Axogen, Inc.
• Baxter International, Inc.
• Livanova, plc
• Integra Lifesciences
• Neuropace, Inc.
• Soterix Medical, Inc.
• Nevro Corp
Global Nerve Repair and Regeneration Market report also contains analysis on:
Global Nerve Repair and Regeneration Market Segments:
• Neurostimulation and Neuromodulation Devices
• Nerve Grafting
• Neurostimulation & Neuromodulation Surgeries
• Direct Nerve Repair/Neurorrhaphy
• Stem Cell Therapy
By End User:
• Ambulatory Surgical Centers
• Global Nerve Repair and Regeneration Market Dynamics
• Global Nerve Repair and Regeneration Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints