Increasing Cases of Peripheral Nerve Injuries Drives Growth

DUBLIN, June 20, 2023 /PRNewswire/ — The “Nerve Repair and Regeneration Devices: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global market for Nerve Repair and Regeneration Devices estimated at US$7.9 Billion in the year 2022, is projected to reach a revised size of US$17.6 Billion by 2030, growing at a CAGR of 10.6% over the analysis period 2022-2030.

Neurostimulation & Neuromodulation Devices, one of the segments analyzed in the report, is projected to record 10.3% CAGR and reach US$14.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Biomaterials segment is readjusted to a revised 12.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 13.6% CAGR

The Nerve Repair and Regeneration Devices market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 9.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.

Select Competitors (Total 61 Featured)

• Abbott Laboratories, Inc.
• AxoGen, Inc.
• Boston Scientific Corporation
• Integra LifeSciences Corporation
• LivaNova, PLC
• Medtronic plc
• NeuroPace, Inc.
• Nevro Corporation.
• Orthomed S.A.S.
• Polyganics B.V.
• Stryker Corporation
• Synapse Biomedical Inc.
• Synovis Micro Companies Alliance, Inc.

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. GLOBAL MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• 2020 Marked as a Year of Disruption & Transformation
• World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
• Global Nerve Repair & Regeneration Market Buckles under COVID-19 Strain
• Covid-19 Patients in Prone Position Suffering Nerve Damage Bodes Well for Market Growth
• Nerve Repair and Regeneration Market Set for a Robust Growth
• Neurostimulation & Neuromodulation Devices Hold Commanding Slot in Nerve Repair & Regeneration Market
• Biomaterials to Exhibit Rapid Growth
• Nerve Repair and Regeneration Market by Application
• US and Europe Dominate the Market
• Asia-Pacific and other Emerging Regions Display Impressive Growth Potential
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• High Incidence of Neurological Disorders: A Key Market Driver
• Annual Incidence of Adult-Onset Neurologic Disorders in the US
• Effects of COVID-19 on the Nervous System Sheds Focus on Neuromodulation Applications
• Increasing Cases of Peripheral Nerve Injuries Drive the Nerve Repair and Regeneration Market
• Growing Number of Vehicular Accidents Drive the Peripheral Nerve injuries Repair Market
• Rising Geriatric Population and Subsequent Growth in Prevalence Of Neurological Disorders
• Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Growing Incidence of Neurodegenerative Diseases Propels the Market for Deep Brain Stimulation Devices
• Global Alzheimer’s Prevalence by Age Group
• Diagnosed Prevalence Cases of Parkinson’s Disease Across Select Countries
• Global DBS Market by Leading Player (2020E): Market Share Breakdown of Revenues for Medtronic, Boston Scientific, and Abbott
• Select Available Deep Brain Stimulation Devices Available in the Market
• Intensified Research Activity Across Various Neural Disciplines Induces Additional Optimism
• Stem Cell Therapy: A Promising Avenue for Nerve Repair and Regeneration
• Increasing Cases of Epilepsy Drives the Demand for Vagus Nerve Stimulation Devices
• Epilepsy Incidence by Type (2019): Percentage Share Breakdown for Idiopathic and Symptomatic Epilepsy
• Symptomatic Epilepsy Incidence by Type (2019): Percentage Share Breakdown of Congenital, Degenerative, Infective, Neoplastic, Trauma, and Vascular Epilepsy
• Spinal Cord Injuries Propel the Demand for Spinal Cord Stimulation Devices
• Recent Developments in Spinal Cord Injury Treatment
• Biomaterials (Nerve Conduits and Nerve Wraps) to Witness Rapid Growth
• New Biomaterials Pave the Way for Innovative Neurodegeneration Therapies
• Role of Nerve Conduits in the Treatment of Peripheral Nerve Injury
• Innovative Nerve Conduits from Stryker
• TENS (Transcutaneous electrical nerve stimulation devices) Market Witnesses Rapid Growth
• Non-Invasiveness of TMS (Transcranial Magnetic Stimulation) Propelling the adoption of TMS devices
• Nerve Grafts for Bridging Larger Nerve Gaps
• Role of Nerve Grafting in Treatment of Peripheral Nerve Injuries
• FDA-approved Nerve Tubes for Peripheral Nerve Repair

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/gq529c

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SOURCE Research and Markets