Nerve Repair Market To Increase at Steady Growth Rate

Nerves are cable-like bundles, which connects our brain and spinal cord to skin and muscles. A large nerve is a size of a pencil, which consists of thousands of nerve fibers. If there is an injury to a nerve in our body, then there will be an interruption in information transfer by the brain to muscles or skin. This result for the loss of sensation in the muscles. Sometimes this injury can also lead to severe pain. Nerve injury most frequently occurs in lower leg and upper hand. Treatment of nerve injury will depend upon the type of nerve injury. There are different kinds of nerve injuries, and different treatments are available for nerve repair. Nerve tries to improve itself by sprouting its nerve unit. There are six degrees of nerve injuries. For first and second-degree injuries, a nerve can regenerate itself in few months but beyond this nerve repair treatments are required. Initially, nerve stimulation devices are used for the treatment of injured nerves. However, in some critical cases, nerve grafting is also performed. In this process, a piece of nerve, which has been taken from a donor, is used as a bridge between the gaps of two nerves. If muscles recovery is not anticipated for a long time, then nerve transfer can also be performed.

Nerve RepairMarket: Drivers and Restraints

Increasing demand for nerve repair biomaterials in hospitals and rise in geriatric population will boost the growth of nerve repair market. The increasing prevalence of nerve injuries and neurological disorder are driving the growth of nerve repair market globally. Rising incidence of autoimmune diseases such as Alzheimer and Parkinson’s diseases responsible for the growth of nerve repair market. Favorable reimbursement policies and strengthening healthcare infrastructure in developing countries are factor that could propel growth of this market. Innovation in nerve regeneration techniques and improved therapies for the treatment of neurological disorders are expected to propel nerve repair market towards significant growth. On the other hand, lack of skilled professional and less awareness among people about the treatment of neurological disorder can restrain the growth of nerve repair market.

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Nerve RepairMarket: Segmentation

The global nerve repair market is classified on the basis of product type, end user and geography.

Based on product type, global nerve repair market is segmented into the following:

Biomaterial

Nerve Conduits

Nerve Protector

Nerve Wraps

Nerve Connectors

Neurostimulation and Neuromodulation

Internal Devices

Spinal Cord Stimulation (SCS)

Deep Brain Stimulation (DBS)

Sacral Nerve Stimulation (SNS)

Gastric Nerve Stimulation (GNS)

Vagus Nerve Stimulation (VNS)

External Devices

Transcutaneous Electrical Nerve Stimulation (TENS)

Transcranial Magnetic Stimulation (TMS)

Based on application, global nerve repair market is segmented into the following

Neurotherapy

Epineural Repair

Perineural Repair

Facicural Repair

Nerve Grafting

Auto graft

Allografts

Xenografts

Stem Cells Therapy

Based on end user global nerve repair market is segmented into the following

Hospitals

Clinics

Ambulatory Surgical Centers

Based on region global nerve repair market is segmented into the following:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific Excluding Japan

Japan

Middle East and Africa

Nerve RepairMarket: Overview

The nerve repair market is expected to exhibit dramatic growth over the forecast period. According to survey by World Health Organization every year more than 80,000 people are diagnosed with nervous system injury which is responsible for the growth of nerve repair market. On the basis of product type, nerve repair market is classified as Biomaterial and Neuromodulation & Neurostimulation. Biomaterial is expected to gain more share than Neuromodulation & Neurostimulation. By application, the global nerve pair market is classified as neurotheraphy, nerve grafting and stem cell therapies. Nerve grafting is expected to have maximum market share among all application. Based on end user, nerve repair market is classified as hospitals, clinics and ambulatory surgical centers. The hospital segment is expected to gain the maximum share of nerve repair market over the forecast period.

Nerve RepairMarket: Regional Overview

Region-wise, the global nerve repair market is classified as, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America is the dominating market is terms of revenue generation due to increased diagnosis of nerve injuries and developed health care infrastructure. Markets in North America are closely followed by markets in Europe and Asia-Pacific. Nerve repair market in Europe is expected to grow significantly due to growing awareness among the patients and development of innovative treatment technologies. Markets in Asia-Pacific is projected to show rapid growth over the forecast period due to increasing influx of local manufacturers of neuro-stimulation devices for treatment of nerve repair over the forecast period.

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Nerve RepairMarket: Key Players

Some of the key players of nerve repair market are Axogen, Inc, Medtronic, Intrega Lifesciences Corporation, Polyganics B.V., Checkpoint Surgical, Inc., Baxter International, Inc., Cyberonics Inc., Stryker Corporation, Orthomed S.A.S., Collagen Matrix, Inc.

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This release was published on openPR.