"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).
