19 Impact on Nerve Repair and Regeneration Market Business Development, Size, Share, Analysis And Opportunities To 2023
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The growth of the global nerve repair and regeneration market is driven by an increase in the incidence of neurological diseases & peripheral nerve injuries in the geriatric population, the launch of innovative products for nerve repair & regeneration, and surge in government expenditure in the healthcare sector and favorable reimbursement policies. Additionally, growth in patient awareness and the emergence of healthcare expenditure in emerging economies would provide lucrative opportunities for emerging marking players in the near future. However, the lack of skilled professionals and the high cost of devices is set to hamper the market growth.
Among surgeries, the neuromodulation surgery segment accounted for 55.3% of the market share in 2017. The same segment would grow at the fastest CAGR of 13.2% during the forecast period. The other surgery types mentioned in the report are direct neuropathy, nerve grafting, and stem cell therapy.
North America accounted for more than two-fifths of the market share in 2017 and is likely to retain its dominance through 2023. However, Asia-Pacific is expected to register the fastest CAGR of 14.1% through 2023. The report also discusses regions such as Europe and LAMEA.
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Major Key Players: -
AxoGen Inc. (U.S.)
Baxter International (U.S.)
Boston Scientific Incorporation (U.S.)
Cyberonics Inc. (U.S.)
Integra Lifesciences Corporation (U.S.)
Medtronic Plc. (U.S.)
Orthomed S.A.S. (France)
Polyganics B.V. (Netherlands)
St. Jude Medical (U.S.)
Stryker Corporation (U.S.)
The report segments the market by surgery, product, and geography. Based on surgery, the market is categorized into direct neuropathy, nerve grafting, stem cell therapy, and neuromodulation surgery. In 2016, the neuromodulation surgery segment generated the highest revenue in the global market, owing to the increase in patients suffering from neurological disorders. The segment is expected to continue its dominance throughout 2025.
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