"Nerve Repair and Regeneration Market by Products (Neuromodulation Devices (Deep Brain Stimulation, Vagus Nerve Stimulation), Biomaterials (Nerve Conduits, Nerve Wraps), Application (Neurorrhaphy, Nerve Grafting, Stem Cell Therapy) - Global Forecast to 2027", published by MarketsandMarkets™, the global Nerve Repair Market is projected to reach USD 11.6 billion by 2027 from USD 6.5 billion in 2022, growing at a CAGR of 12.1% from 2022 to 2027.
Browse in-depth TOC on "Nerve Repair Market and Nerve Regeneration Market"
313 – Tables
42 – Figures
236 – Pages
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The Growth in this Nerve Repair Market can be attributed to the
massive geriatric population, increasing research investments on the
neurological disorders, high volume of nerve injury cases, and the high
prevalence of neurological diseases.
In 2021, Neurostimulation and
Neuromodulation Devices accounted for the largest share of the nerve
regeneration market, by product.
By
product, the nerve repair & regeneration market is segmented into neurostimulation
and neuromodulation devices and biomaterials. The neurostimulation and
neuromodulation devices segment is estimated to grow at the highest growth rate
during the forecast period with the increasing government investments for
neurologic disorders studies, and the favourable reimbursement.
By neurostimulation and
neuromodulation application, internal neurostimulation and neuromodulation
accounted for the largest market share in 2021.
Based
on the neurostimulation and neuromodulation application, the nerve repair and
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 neuromodulation segment is expected to hold the
largest share and is expected to register the highest CAGR during the forecast
period. The largest share and high growth rate are driven by the increasing
incidence of neurological disorders across the globe is driving the growth of
this segment.
By Biomaterials application,
direct nerve repair/neurorrhaphy accounted for the largest market share in 2021.
Based
on application, the nerve repair & regeneration market is segmented into
direct nerve repair/neurorrhaphy, nerve grafting, and stem cell therapy. In
2021, 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 & regeneration market in 2021.
The
nerve repair market is segmented into five major regions, namely, Europe, North America,
the Asia
Pacific, Rest of the World (Latin America, and Middle East & Africa). North America held
the largest share of the nerve regeneration market in 2021, followed by Europe.
The largest market share of North America is driven by
the high incidence of strong presence of industry players, neurological
disorders, and favourable reimbursement policies in the region.
Some
of the major players operating in the global nerve repair market include
Medtronic, plc. (Ireland),
Boston Scientific Corporation (US), and Abbott Laboratories (US). The other
players operating in the market are Axogen Corporation (US), Baxter (US),
LivaNova PLC (UK), Integra LifeSciences (US), Neuronetics Inc. (US), Nevro Corp
(US), NeuroPace Inc. (US), Polyganics (Netherlands), Soterix Medical Inc
(US), Synapse Biomedical Inc. (US), Aleva Neurotherapeutics SA (Switzerland),
Collagen Matrix Inc. (US), KeriMedical (Switzerland), BioWaveGO USA (US),
NeuroSigma Inc. (US), tVNS Technologies GmbH (Germany), GiMer Medical (Taiwan),
Checkpoint Surgical Inc. (US), Renishaw PLC (UK), Alafair Biosciences, Inc.
(US), electroCore, Inc. (US), BlueWind Medical (Israel), Helius Medical
Technologies (US), and BioControl Medical (Israel).
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