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Nerve Repair And Regenerative Global Market Size, Share Analysis, Growth, Trends And Forecast To 2032
Nerve Repair And Regenerative Market
The Business Research Company's Nerve Repair And Regenerative Global Market Report 2023 identifies the increasing incidences of neurological disorders as the major driver for the nerve repair and regenerative market's growth in the forecast period. Neurological disorder refers to a condition or disease that affects the structure or function of the nervous system, including the brain, spinal cord, and peripheral nerves. The increasing incidences of neurological disorders are mostly driven by the growing aging population, changes in lifestyle, genetic factors, and lack of physical activity, where nerve repair and regenerative techniques aim to facilitate the healing and regeneration of damaged nerves, enhancing the chances of recovery and reducing incidences of neurological disorders, thus contributing to the growth of the nerve repair and regenerative market.
The global nerve repair and regenerative market is expected to grow from $8.13 billion in 2022 to $8.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.18%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nerve repair and regenerative market is expected to reach $13.39 billion in 2027 at a CAGR of 10.57%.
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Major competitors in the nerve repair and regenerative market are Neuronetics Inc., Abbott Laboratories, Medtronic PLC., Stryker Corporation, Baxter International Inc.
A key trend in the nerve repair and regenerative market includes product innovation. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in August 2022, Abbott, a US-based medical device company received United States FDA approval for ProClaim plus spinal cord stimulation system featuring FlexBurst therapy. It is designed to provide relief for individuals experiencing chronic pain associated with various conditions, including certain nerve-related disorders.
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The nerve repair and regenerative market is segmented -
•By Product: Biomaterials, Neurostimulation And Neuromodulation Devices
•By Application: Direct Nerve Repair/Neurorrhaphy, Nerve Grafting, Stem Cell Therapy, Neurostimulation And Neuromodulation Surgeries, Other Applications
•By End-Users: Hospitals And Clinics, Ambulatory Surgical Centers (ASCs), Research And Academic Institutions, Specialty Clinics, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the nerve repair and regenerative market.
The Business Research Company's "Global Nerve Repair And Regenerative Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nerve Repair And Regenerative Market Include:
1. Executive Summary
2. Nerve Repair And Regenerative Market Characteristics
3. Nerve Repair And Regenerative Market Trends And Strategies
4. Nerve Repair And Regenerative Market - Macro Economic Scenario
5. Global Nerve Repair And Regenerative Historic Market Size and Growth
……
32. Global Nerve Repair And Regenerative Market Competitive Benchmarking
33. Global Nerve Repair And Regenerative Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Nerve Repair And Regenerative Market
35. Nerve Repair And Regenerative Market Future Outlook and Potential Analysis
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