Nerve Repair and Regeneration Industry Size, Share, Development and Growth Forecast Report, 2030

The nerve repair and regeneration market size will grow to $17.47 billion by 2030, at a 12.2% CAGR. In recent years, a number of devices and biomaterials used for repairing and regenerating the nerves have been cleared by the EMA, FDA, and other regulatory authorities. This, coupled with the favorable reimbursement policies in developed countries, has brought expensive neurological treatments within the reach of the masses.

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Over 64% of the revenue in the industry is generated by neurostimulation/neuromodulation devices. This can be chiefly credited to the rise in the availability of SCS devices, with healthcare firms being compelled to cater to the requirements of the increasing population with spinal cord injuries.

With a share of more than 30%, North America continues to make strides in nerve repair and regeneration therapies. This is majorly because of the high prevalence of neurodegenerative diseases in the region, with the Alzheimer's Disease Association estimating the 2022 incidence of Alzheimer's in the U.S. at over 6.2 million individuals.

APAC is expected to witness the fastest growth in the demand for nerve repair and regeneration therapies during this decade, at a CAGR of over 13%. Like the dominance of North America, APAC's vast potential for such therapies can be attributed to the increasing incidence of neurological diseases.

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Market Segmentation by Product
• Neurostimulation/Neuromodulation Devices
o Internal Devices
 Spinal cord stimulation devices
 Deep brain stimulation
 Vagus nerve stimulation devices
 Sacral nerve stimulation devices
 Gastric electrical stimulation devices
o External Devices
 Transcutaneous electric nerve stimulation devices
 Transcranial magnetic stimulation devices
 Respiratory electrical stimulation devices
• Biomaterials
o Nerve conduits
o Nerve wraps
Market Segmentation by Application
• Direct Nerve Repair/Neurorrhaphy
o Epineural repair
o Perineural repair
o Group fascicular repair
• Nerve Grafting
o Autografts
o Allografts
o Xenografts
• Stem Cell Therapy
• Neurostimulation and Neuromodulation
Market Segmentation by Region
• North America Nerve Repair and Regeneration Market
o By product
o By application
o By country - U.S. and Canada
• Europe Nerve Repair and Regeneration Market
o By product
o By application
o By country - Germany, U.K., France, Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Nerve Repair and Regeneration Market
o By product
o By application
o By country - China, India, Japan, Australia, South Korea, and Rest of APAC
• Latin America (LATAM) Nerve Repair and Regeneration Market
o By product
o By application
o By country - Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Nerve Repair and Regeneration Market
o By product
o By application
o By country - Saudi Arabia, South Africa, and Rest of MEA

Browse more reports:

Neurostimulation Devices Market - https://www.psmarketresearch.com/press-release/global-neurostimulation-devices-market

Biomaterials Market - https://www.psmarketresearch.com/press-release/biomaterial-market

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This release was published on openPR.