Peripheral Nerve Repair Market Overview, Recent Trends, In-Depth Analysis, Size Forecast To 2028

Precision Business Insights published a research report on "Peripheral Nerve Repair Market By Technique (Allografts, Autografts, Nerve Conduit, Direct Repair, and Others) and Geography - Global/Region/Country Forecast to 2028"

In contrast to other tissues in the body, peripheral nerve regeneration is a sluggish and often imperfect process. Trauma, neurological condition, and accidents can induce peripheral nerve injury, which affects the structural and functional state of nerves and necessitates surgical intervention for recovery. The harm to the peripheral nerves can be moderate or severe. Damage to the insulation and fibres of the nerve causes severe nerve injury, which is difficult to treat & recover from. The radial nerve is the most commonly injured nerve, and it usually happens when the humerus bone is shattered. The severity of neuronal injury is divided into five categories. The treatment method is determined on the size of the gap and defect in the nerves as well as the severity of the symptoms.

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The rising prevalence of neurological illnesses is a major driving factor for the Peripheral Nerve Repair market. According to a poll done by the National Health Interview Survey (NHIS) in 2014, an estimated 1.4 million people suffer from nerve damage, with 700,000 undergoing neurological surgery. Furthermore, new medications in the pipeline for Peripheral Nerve Repair are projected to propel the nerve repair as well as regeneration market forward over the forecast period. For example, in 2015, the Food and Medication Administration (FDA) granted Axogen Inc. permission to conduct with RECON STUDY in support of an experimental new drug application. The RECON project is a planned, multicenter, randomised trial that looks at the surgical outcomes of peripheral nerve diseases. However, strict laws and regulations governing the approval of new medications, as well as the expensive cost of Peripheral Nerve Repair as well as regeneration technologies and surgeries, are limiting the market's growth.

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There are several industry players working in the Peripheral Nerve Repair Market, which include AxoGen, Inc. (US) Integra LifeSciences Holdings Corporation (US) Boston Scientific Corporation (US) Medtronic PLC (Ireland) Polyganics BV (Netherlands) Collagen Matrix Inc (US) Stryker Corporation (US) Baxter International Inc. (US).

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