Press release
Nerve Repair and Regeneration Market Booming Worldwide With Leading Key Players - Medtronic Plc., Abbott Laboratories, Boston Scientific Corporation, Cirtec Medical
Nerve Repair and Regeneration Market || 2024-2031
Nerve repair is a tissue engineering field focused on grafting artificial nerves to mimic the extracellular matrix and support nerve regeneration. The goal is to restore function and sensation lost due to nerve damage. Nerve conduits and wraps protect and encase peripheral nerve injuries. Common surgical approaches include stem cell therapy, direct nerve repair, and nerve grafting.
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Market Trends:
Investments in neurostimulation devices are boosting market growth by enhancing the diagnosis and management of neurological conditions. Major funding from key companies accelerates research and development of new treatments. For example, Saluda Medical raised $150 million in April 2023 for its Evoke Spinal Cord Stimulation System, while Nalu Medical secured $104 million in February 2022 for its neurostimulation systems. SPR Therapeutics also raised $37 million in October 2021 to expand its SPRINT Peripheral Nerve Stimulation System. The market is further driven by rising nerve injuries, neurological diseases, and advancements in minimally invasive surgeries.
Segment Covered in the Nerve Repair and Regeneration Market:
By Product Type: Neurostimulation and Neuromodulation Devices, Biomaterial
By Surgery Type: Stem cell therapy, Direct Nerve Repair, Nerve Grafting, Others
By End Users: Hospitals, Neuro Centers, Ambulatory Surgical Centers, Others
Regional Analysis:
The global Nerve Repair and Regeneration Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The global Nerve Repair and Regeneration Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Nerve Repair and Regeneration Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Major Key Players
• Medtronic Plc
• Abbott Laboratories
• Boston Scientific Corporation
• Cirtec Medical
• Synapse Biomedical Inc.
• Renishaw Plc.
• Orthomed LLC
• AxoGen Inc
• Integra LifeSciences
• LinaNova Plc.
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