Nerve Repair and Regeneration Market Size: Global Consumption Value, Sales and Key Companies Profile 2022

2019 Research Report on Global Nerve Repair and Regeneration Market is a professional and comprehensive report on the Nerve Repair and Regeneration industry.

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Key Players: Medtronic (US), Boston Scientific (US), Abbott Laboratories (US), Liva Nova (UK), Baxter (US), AxoGen (US), and Stryker (US).

The nerve repair and regeneration market is expected to reach USD 10.59 Billion from USD 5.13 Billion in 2016, at a CAGR of 12.9%. Factors such as increasing number of neurological disorders, technological advancements, and rising geriatric population are driving the growth of this market. On the other hand, donor-site morbidity, difficulties in treating large nerve gaps, and stringent regulatory frameworks and time-consuming approval processes may challenge the growth of the market.

Neurostimulation and neuromodulation devices segment is expected to account for the largest share in the market

On the basis of product, the nerve repair and regeneration market is segmented into neurostimulation and neuromodulation devices and biomaterials. In 2017, the neurostimulation and neuromodulation devicessegment is expected to account for the largest share of this market segment. This growth can be attributed to the increasing neurological disorders and favorable reimbursement policies.

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Internal neurostimulation and neuromodulation surgeries segment is expected to register the highest CAGR during the forecast period

Based on application, the nerve repair and regeneration market is segmented into into internal neurostimulation and neuromodulation surgeries and external neurostimulation and neuromo dulation surgeries. The internal neurostimulation and neuromodulation surgeries segment is expected to register highest growth rate during the forecast period. This growth can be attributed to its wide application in neurological disorders.

North America is expected to account for the largest regional segment in the market

Geographically, the nerve repair and regeneration market is dominated by North America, followed by Europe. The North American region is estimated to account for the largest share in 2017 and the trend is expected to continue during the forecast period. The growth in this market can be attributed to the presence of major key players in the region and growing incidence of peripheral nerve injuries.

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In the end, the Global Nerve Repair and Regeneration Market report’s conclusion part notes the estimation of the industry veterans.

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