The global Nerve Repair & Regeneration Market accounted for over US$ 6.0 billion in 2019. It is anticipated to grow at a CAGR of 8.8% from 2020 to 2030.
Nerve repair includes the examination of the damaged or injured nerve and also the removal of the damaged scar or tissue from endings of the nerve. After the detection and the removal procedure, the nerve can easily be directly re-linked in case if sufficient length on ends, which allows quality repair without any kind of worry. Repair procedures are performed with the help and guidance of an ideal operating microscope to enable the best and suitable alignment of fiber bundles, known as fascicles, inside of injured or damaged nerve.
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Some of the prominent players in the global nerve repair & regeneration market are, Medtronic, Boston Scientific Corporation, Abbott, Stryker, Axogen Corporation, Integra LifeSciences Corporation, NEVRO CORP., NeuroPace, Inc., LivaNova PLC., and Synapse Biomedical Inc., among others.
Technological advancements as well as new product launches will fuel the growth of the nerve repair & regeneration market. For instance, in Nov 2019, NEVRO CORP. launched the Senza Omnia Spinal Cord Stimulation System in the U.S. This SCS system is designed in a way that will enable it to deliver Nevro’s proprietary HF10 therapy in addition to all other available SCS frequencies. The system comprises of three new components – The first element is a new programmer that creates facilitates physicians to offer a wider array of waveforms across the full SCS frequency spectrum; the second element of the system is a redesigned patient remote that is smaller and more intuitive for patients to utilize and helps to enhance their experiences and the third element is an updated and upgradeable implantable pulse generator. Similarly, in the same year, Boston Scientific Corporation launched Vercise Primary Cell and Vercise Gevia Deep Brain Stimulation Systems. These systems are designed in a way that will allow physicians to control the range, shape, position, and direction of electrical stimulation utilized to treat the symptoms of Parkinson’s disease (PD) through a highly-personalized therapy. Such, new advanced products are driving the market growth.
The continual growth of the nerve repair & regeneration market can be attributed to several factors such as the increasing prevalence of neurological disorders and the rising number of surgeries. Moreover, rising geriatric populations, rising incidences of nerve injuries, and rising awareness regarding neurological disorders will further contribute to the substantial growth of the global nerve repair & regeneration market between 2019 and 2030. To obtain better insights regarding the market scenario, prominent players are increasingly focusing on entering into partnerships and collaborations with other players in the market. For instance, in Oct 2018, NeuroSigma, Inc. entered into a partnership with Quick Care Pharmacy, a California-based specialty pharmacy for the sale and distribution of Monarch eTNS System (Monarch) utilized for the treatment of pediatric ADHD in the U.S.
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Segmentation Based On:
By Product –
1.Neurostimulation & Neuromodulation Devices
By Surgery Type –
3.Neurostimulation & Neuromodulation Surgeries,
4.Stem Cell Therapy
Regionally, North America held the largest market share in the nerve repair & regeneration market during 2019. The large share of this region can be attributed to rising geriatric populations as well as rising incidences of neurological disorders. For instance, according to the Alzheimer’s Association, in 2019, the prevalence of Alzheimer’s in Americans of all ages was approximately 5.8 million. Out of the total U.S. population, one in 10 people in the age group, 65 and older had Alzheimer’s dementia. Moreover, government initiatives aimed at spreading awareness as well as research activities focused on the causes of neurological conditions and remedies to improve diagnosis & treatment will aid the market growth. For instance, in 2016, the Congress authorized Centers for Disease Control and Prevention (CDC) to initiate the development of a National Neurological Conditions Surveillance System (NNCSS). However, the Asia Pacific region is estimated to grow at the highest CAGR during the forecast period owing to factors such as a larger population base suffering from neurological disorders as well as increasing government funding for the development of healthcare infrastructure.
– To study and analyze the global Nerve Repair & Regeneration Market consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Nerve Repair & Regeneration Market by identifying its various sub-segments.
– Focuses on the key global Nerve Repair & Regeneration Market manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Nerve Repair & Regeneration Market with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Table of Contents
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List
2.Data Collection Technique
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study
3.ABSTRACT OF THE STUDY
4.MARKET DYNAMICS ASSESMENT
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In the end, Nerve Repair & Regeneration Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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