According to the new market research report "Nerve Repair and Regeneration Market by Products (Nerve Conduits, Nerve Wraps, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Spinal Cord Stimulation, TENS, TMS), Application (Neurorrhaphy, Nerve Grafting, Stem Cell Therapy) and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Nerve Repair and Regeneration Market size is projected to reach USD 9.7 billion by 2025 from USD 6.3 billion in 2020, growing at a CAGR of 9.1% from 2020 to 2025.
Browse in-depth TOC on "Nerve
Repair and Regeneration Market"
142 – Tables
43 – Figures
167 – Pages
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The Growth in Nerve Regeneration
Market is driven mainly by high incidence of nerve injuries, the
growing prevalence of neurological disorders, and rising government support for
neurologic disorder research.
Neurostimulation and Neuromodulation Devices
accounted for the largest share of the market, by product, in 2019
By product, the nerve repair market is segmented
into neurostimulation and neuromodulation devices and biomaterials. The
neurostimulation and neuromodulation devices segment is segment is expected to
grow at the highest growth rate during the forecast period. The large market
share of this segment is driven mainly by rising government expenditure for
neurologic disorders, and favorable reimbursement .
By neurostimulation and neuromodulation application,
internal neurostimulation and neuromodulation accounted for the largest
market share in 2019
Based on the neurostimulation and neuromodulation
application , the Nerve Regeneration Market is segmented the neurostimulation
and neuromodulation devices market is segmented into internal neurostimulation
and neuromodulation applications and external neurostimulation and
neuromodulation applications. The internal neurostimulation and neuromodulation
segment is estimated to register the highest CAGR during the forecast
period. This can primarily be attributed to the increasing incidence of
neurological disorders across the globe.
By Biomaterials application, direct nerve
repair/neurorrhaphy accounted for the largest market share in 2019
Based on application, the biomaterials market is
segmented into direct nerve repair/neurorrhaphy, nerve grafting, and stem cell
therapy. In 2019, the direct nerve repair segment accounted for the largest
share of the market. This can be attributed to the increasing incidence of
neurological disorders across the globe.
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North
America was the largest regional market for
Nerve Repair Market in 2019
The Nerve Repair And Regeneration Market is segmented
into five major regions, namely, Europe, North America,
the Asia Pacific, Latin America,
and Middle East & Africa.
In 2019, North America accounted for the largest share of the Nerve
Regeneration Market, followed by Europe.
The rising incidence of neurological disorders, favorable reimbursement
policies, and the strong presence of industry players in the region are
the major factors driving the growth of the market in North America.
Some of the major players operating in the global
Nerve Repair And Regeneration Market include Medtronic, PLC. (Ireland),
Boston Scientific Corporation (US), Abbott Laboratories (US), AxoGen, Inc.
(US), Baxter International, Inc. (US), LivaNova, PLC. (UK), Integra
LifeSciences (US), Polyganics (Netherlands),
NeuroPace, Inc. (US), Soterix Medical, Inc. (US), Nevro Corp (US), Synapse
Biomedical, Inc. (US), Aleva Neurotherapeutics (Switzerland),
Collagen Matrix, Inc. (US), KeriMedical (Switzerland),
BioWave Corporation (US), NeuroSigma (US), tVNS Technologies GmbH(Germany),
and GiMer Medical (Taiwan).
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