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Nerve Repair Biomaterials Market Size, Analysis Report With Stryker, Collagen Matrix, Inc. , Checkpoint Surgical, Integra LifeSciences, Polyganics BV, Synovis Micro Companies Alliance, Inc. , AxoGen, Inc. And Many More
Nerve Repair Biomaterials
Global nerve repair biomaterials market is expected to reach USD 775.59 million by 2024 from USD 326.71 million in 2016, at a CAGR of 11.5% in the forecast period.
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Forecasting Nerve Repair Biomaterials Report Analyzed By Product Type [Nerve Repair {Nerve Conduit, Nerve Graft (Allograft, Acellularized Allograft)}, Nerve Protection {Nerve Protectors, Nerve Wrap}], Injury Type {Epineural Nerve Repair, Perineural Nerve Repair, Group Fascicular Repair}, End User (Hospital, Clinics, Ambulatory Trauma Centers) and Geography
Integra Life Sciences is going to dominate the injectable drug delivery market followed by
· Stryker Corporation
· Collagen Matrix, Inc
along with others such as AxoGen, Inc., Checkpoint Surgical, Inc., Polyganics, and Synovis Micro Companies Alliance, Inc.
· Nerve Protection market is growing with the highest CAGR.
· Globally nerve grafts is driving the market with highest market share. However, a nerve conduit is growing with the highest CAGR.
· Epineural nerve repair is dominating the injury nerve repair biomaterials market
The new Nerve Repair Biomaterials market report contains data for historic year2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. With the increasing geriatric population, rising number of nerve injuries and nerve surgeries, increasing incidence of neurological disorders, favorable reimbursement policies, and increased government funding the global nerve repair biomaterials market is witnessing a rapid growth. On the other hand, lack of awareness, high cost of treatment and need for skilled professionals and surgeons may hinder the growth of the market.
The global nerve repair biomaterials market is witnessing a rapid growth due to increasing geriatric population, high incidence of nerve injuries and neurological disorders, favorable reimbursement policies, and increased government funding. The demand for nerve repair biomaterials is increasing in hospitals followed by ambulatory trauma centres due to increasing aging population and rising number of nerve injuries and nerve surgeries.
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Nerve Repair Biomaterials Market Segmentation:
Based on product type, the global nerve repair biomaterials market is segmented into
• Nerve repair
• Nerve protection
The global nerve repair biomaterials market is further segmented into
· Nerve conduits
· Nerve grafts
Nerve protection market is segmented into
· Nerve protector
· Nerve wrap
Based on the injury type, the nerve repair biomaterials market is segmented into
· Epineural nerve repair
· Perineural nerve repair
· Group fascicular repair
· On the basis of end user, the global nerve repair biomaterials market is categorized into
• Hospitals
• Clinics
• Ambulatory Surgical Centres
Drivers: Global Nerve Repair Biomaterials Market
Some of the major factors driving the market for nerve repair biomaterials market is witnessing a rapid growth due to increasing geriatric population, high incidence of nerve injuries and neurological disorders, technological advancements, expanding target application of neuromodulation devices, favourable reimbursement policies, and increased government funding.
· Increasing Geriatric Population And Incidences Of Peripheral Nerve Injuries
· Technological Advancements Over Surgery Through Autografts
· Expanded Target Application Of Neuromodulation Devices
· Favourable Reimbursement Policies
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