Global Nerve Repair and Regeneration Devices Strategic Business Report 2023: Intensified Research Activity Across Various Neural Disciplines Induces Additional Optimism
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Global Market for Nerve Repair and Regeneration Devices
Global Market for Nerve Repair and Regeneration Devices
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:
Report Attribute
Details
No. of Pages
510
Forecast Period
2022 - 2030
Estimated Market Value (USD) in 2022
$7.9 Billion
Forecasted Market Value (USD) by 2030
$17.6 Billion
Compound Annual Growth Rate
10.5%
Regions Covered
Global
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
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