Global Nerve Regeneration and Repair Market, By Product (Neurostimulation and Neuromodulation Devices and Biomaterials), Indication (Failed Back Surgery Syndrome, Parkinson's disease, Urinary Incontinence, Epilepsy, Gastroparesis, Nerve Repair and Grafting), Application (Neurostimulation and Neuromodulation Surgeries, Neurorrhaphy, Nerve Grafting, and Stem Cell Therapy), End User (Hospitals and Clinics and Ambulatory Surgical Centers) – Industry Trends and Forecast to 2029
Global Nerve Regeneration and Repair Market Analysis and Size
The nervous system consisting of the brain, spinal cord, and peripheral nerves is susceptible to various types of injury due to the complex and delicate structures. The high incidence of nerve injuries is escalating the growth of nerve repair biomaterials market.
- These nerves are fragile and easily damaged, and hence can interfere with the brain's ability to communicate with muscles and organs. Global nerve regeneration and repair market was valued at USD 9.97 billion in 2021 and is expected to reach USD 23.87 billion by 2029, registering a CAGR of 10.72% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Nerve Regeneration and Repair Market Definition
The nerve repair and regeneration products consist of neuro-stimulation, neuromodulation devices, and biomaterials. These advanced devices and materials are utilized to operate trauma to neurodegenerative diseases, such as multiple sclerosis, amyotrophic lateral sclerosis, multiple system atrophy, Parkinson's disease, and Alzheimer's disease, among others.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Neurostimulation and Neuromodulation Devices and Biomaterials), Indication (Failed Back Surgery Syndrome, Parkinson's disease, Urinary Incontinence, Epilepsy, Gastroparesis, Nerve Repair and Grafting), Application (Neurostimulation and Neuromodulation Surgeries, Neurorrhaphy, Nerve Grafting, and Stem Cell Therapy), End User (Hospitals and Clinics and Ambulatory Surgical Centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Stryker (US), Collagen Matrix, Inc. (US), Axogen Corporation. (US), Checkpoint Surgical, Inc. (US), Polyganics (Netherlands), Synovis Micro Companies Alliance, Inc. (US), Medtronic Plc. (US), Boston Scientific (US), Abbott (US), LivaNova PLC (UK), , Cyberonics, Inc. (US), Nuvectra. (US), OrthoMed, Inc. (US), AxoGen, Inc. (US), Baxter International, Inc. (US), Integra LifeSciences (US), NeuroPace, Inc. (US), Soterix Medical, Inc. (US), Nevro Corp (US), Synapse Biomedical, Inc. (US), KeriMedical (Switzerland), and BioWave Corporation (US), NeuroSigma (US), among others
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Nerve Regeneration and Repair Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Incidence of Nerve Injuries
The increase in the number of nerve injuries is one of the major factors driving the growth of the nerve regeneration and repair market.
- Geriatric Population
The rise in the geriatric population accelerate the market growth as the elderly population is more prone to neurological and epidemic disorders.
- Government Support
The surge in government support for neurologic disorder research in funds and investments further influences the market.
Opportunities
Furthermore, the research in neurology extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, potential of stem cell therapy in nerve repair and regeneration will further expand the market.
Restraints/Challenges Global Nerve Regeneration and Repair Market
On the other hand, stringent regulatory requirements for product approvals and difficulties in treating large nerve gaps are expected to obstruct market growth. Also, preference for drug therapies over nerve repair and regeneration products and concerns regarding product recalls are projected to challenge the nerve regeneration and repair market in the forecast period of 2022-2029.
This nerve regeneration and repair market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nerve regeneration and repair market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Nerve Regeneration and Repair Market
COVID-19 outbreak had varied impact on nerve regeneration and repair market. Major medical procedures were declined during the pandemic in order to prevent the risk of spreading coronavirus. Major medical procedures were declined during the pandemic in order to prevent the risk of spreading coronavirus. However, rise in nerve regeneration and repair procedures is expected in the post-COVID due to restrictions easing.
Recent Development
- Medtronic received CE Mark for its InterStim™ Micro neurostimulator and InterStim™ SureScan™ MRI leads in January’2020. The technologies are clear for commercial sale and clinical use in Europe and offer full-body MRI scan eligible and lifestyle-friendly choices.
Global Nerve Regeneration and Repair Market Scope and Market Size
The nerve regeneration and repair market is segmented on the basis of product, indication, application, and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Neurostimulation
- Neuromodulation Devices
- Biomaterials
On the basis of product, the nerve regeneration and repair market is segmented into neurostimulation and neuromodulation devices and biomaterials.
Indication
- Failed Back Surgery Syndrome
- Parkinson's Disease
- Urinary Incontinence
- Epilepsy
- Gastroparesis, Nerve Repair
- Grafting
On the basis of indication, the nerve regeneration and repair market is segmented into failed back surgery syndrome, Parkinson's disease, urinary incontinence, epilepsy, gastroparesis, nerve repair, grafting.
Application
- Neurostimulation
- Neuromodulation Surgeries
- Neurorrhaphy
- Nerve Grafting
- Stem Cell Therapy
On the basis of application, the nerve regeneration and repair market is segmented into neurostimulation and neuromodulation surgeries, neurorrhaphy, nerve grafting, and stem cell therapy.
End-User
- Hospitals and Clinics
- Ambulatory Surgical Centers
On the basis of end-user, the nerve regeneration and repair market is segmented into hospitals and clinics, ambulatory surgical centers.
Nerve Regeneration and Repair Market Regional Analysis/Insights
The nerve regeneration and repair market is analysed and market size insights and trends are provided by country, product, indication, application, and end-user as referenced above.
The countries covered in the nerve regeneration and repair market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the nerve regeneration and repair market because of the well-developed healthcare industry and presence of leading medical diagnostics manufacturers within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in number of patients suffering from chronic diseases in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The nerve regeneration and repair market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nerve regeneration and repair market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nerve regeneration and repair market. The data is available for historic period 2010-2020.
Competitive Landscape and Nerve Regeneration and Repair Market Share Analysis
The nerve regeneration and repair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nerve regeneration and repair market.
Some of the major players operating in the nerve regeneration and repair market are Stryker (US), Collagen Matrix, Inc. (US), Axogen Corporation. (US), Checkpoint Surgical, Inc. (US), Polyganics (Netherlands), Synovis Micro Companies Alliance, Inc. (US), Medtronic Plc. (US), Boston Scientific (US), Abbott (US), LivaNova PLC (UK), , Cyberonics, Inc. (US), Nuvectra. (US), OrthoMed, Inc. (US), AxoGen, Inc. (US), Baxter International, Inc. (US), Integra LifeSciences (US), NeuroPace, Inc. (US), Soterix Medical, Inc. (US), Nevro Corp (US), Synapse Biomedical, Inc. (US), KeriMedical (Switzerland), and BioWave Corporation (US), NeuroSigma (US), among others.
Research Methodology : Global Nerve Regeneration and Repair Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-nerve-regeneration-and-repair-market
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