Nerve Repair And Regeneration Market Future Growth, Competitive Analysis And Forecast 2029

Published: 2024-07-01
Views: 103
Author: Pujammr
Published in: Health & Fitness

Nerve Repair and Regeneration Market Growth or Demand Increase or Decrease for what contains:

These injuries are healed using nerve repair and regeneration products. The Nerve Repair and Regeneration market is expected to expand due to the rising incidence of nerve injuries and the high prevalence of neurological disorders, technological advancements for nerve repair and regeneration, and an increase in healthcare spending by the government in developed markets with favourable policies.

The rise in neurological disorders has been noted as a significant contributor to the worldwide disease burden. Cerebrovascular disease, Alzheimer's disease, various dementias, migraine, epilepsy, tetanus, meningitis, Parkinson's disease, multiple sclerosis, and poliomyelitis are just a few of the nearly 1,000 neural system disorders.

According to the Alzheimer Europe 2020 study, the number of people with dementia in Germany was anticipated to be 1,585,170 in 2019, with that figure expected to rise to 2,748,190 in 2050. Similarly, dementia will account for 4.43% of the entire population by 2050, up from 2.91% in 2019. As the number of people suffering from dementia increases in the next years, the sector will benefit. As a result, the European population and countries in the Western Pacific region account for a substantial number of those suffering from neurological diseases.

Nerve Repair and Regeneration Market CAGR Estimation:

The Nerve Repair and Regeneration Market size was valued at USD 7 Bn. in 2022 and is expected to grow at a CAGR of 13% from 2022 to 2029, reaching nearly USD 16.48 Bn.

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Nerve Repair and Regeneration Market Segmentation:

• Product:

  • Neurostimulation and Neuromodulation Devices
    • Deep Brain Stimulation (DBS)
    • Spinal Cord Stimulation (SCS)
    • Vagus Nerve Stimulation (VNS)
    • Sacral Nerve Stimulation (SNS)
    • Gastric Electric Stimulation (GES)
  • Biomaterials

Based on products, With sales exceeding 65.0% in 2022, the neurostimulation and neuromodulation devices market emerged as the dominant category. This segment is divided into five sub-segments: Deep Brain Stimulation (DBS), Spinal Cord Stimulation (SCS), Vagus Nerve Stimulation (VNS), Sacral Nerve Stimulation (SNS), and Gastric Electric Stimulation (GES). The spinal cord stimulation devices category was the largest subsegment, accounting for more than 40.0% of total sales in 2022.

The segment's growth was aided by a large number of commercially available spinal cord devices and a wide variety of applications. The market has been segmented into two product categories: biomaterials and neurostimulation/neuromodulation devices.

• Surgery:

  • Neurostimulation and Neuromodulation Surgery
  • Direct Nerve Repair/Neurorrhaphy
  • Nerve Grafting
  • Stem Cell Therapy

• End Users:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Nerve Repair and Regeneration Market Overview: 

The market encompasses devices and products used to treat traumatic or neurodegenerative conditions, including neurostimulation, neuromodulators, and biomaterials. The growing incidence of neurological disorders and nerve injuries, coupled with technological advancements and increased healthcare spending, drive the market growth. The aging population and increasing prevalence of diseases like Alzheimer's and Parkinson's contribute to market demand.

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Nerve Repair and Regeneration Market: Which Regions are Experiencing Growth or Increased Demand?

• North America:
  • Held over 30% of the market in 2022 due to a high prevalence of neurological illnesses, advanced healthcare infrastructure, and supportive insurance policies.
  • Technological advancements and key market players' presence bolster regional growth.
• Europe and Western Pacific:
  • Significant population suffering from neurological diseases, contributing to the market growth.
  • The number of people with dementia in Germany is projected to rise, increasing market demand.
• Asia Pacific:
  • Expected to be the fastest-growing region due to a large target population, increasing patient awareness, and government initiatives.
  • Countries like China, India, Japan, Australia, and Singapore are key contributors.
  • Approval of clinical trials for innovative treatments, such as stem cell therapies, is propelling market growth.

Nerve Repair and Regeneration Market Scope and Methodology:

The research covers market characteristics, size, growth, segmentation, geographic breakdowns, market shares, trends, and business strategies. Future market aspects are provided based on key trends, segmentation analysis, and factors contributing to market estimation. The report includes detailed financial information about leading manufacturers, year-over-year sales, revenue growth, CAGR, production cost analysis, and value chain structure.

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Nerve Repair and Regeneration Market Key Players:

1. Medtronic, plc.(US)
2. Alafair Biosciences, Inc.(US)
3. electroCore (US)
4. Checkpoint Surgical Inc.(US)
5. Collagen Matrix Inc.(US)
6. BioWaveGO USA(US)
7. Soterix Medical Inc(US)
8. Synapse Biomedical Inc(US)
9. NeuroSigma Inc.(US)
10. tVNS Technologies GmbH(US)
11. Boston Scientific Corporation(US)
12. Abbott Laboratories(US)
13. Axogen Corporation(US)
14. Baxter(US)
15. Integra LifeSciences(US)
16. Neuronetics Inc.(US)
17. Nevro Corp(US)
18. NeuroPace Inc(US)
19. Polyganics(Netherlands)
20. Aleva Neurotherapeutics SA(Switzerland)
21. KeriMedical(Switzerland)
22. GiMer Medical(Taiwan)
23. Renishaw PLC(UK)
24. LivaNova PLC(UK)

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Key questions answered in the Nerve Repair and Regeneration Market are:

• What is Nerve Repair and Regeneration?
• What is the growth rate of the Nerve Repair and Regeneration Market?
• Which are the factors expected to drive the Nerve Repair and Regeneration market growth?
• What are the different segments of the Nerve Repair and Regeneration Market?
• What growth strategies are the players considering to increase their presence in Nerve Repair and Regeneration?
• What are the upcoming industry applications and trends for the Nerve Repair and Regeneration Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Nerve Repair and Regeneration Market?
• What major challenges could the Nerve Repair and Regeneration Market face in the future?
• What segments are covered in the Nerve Repair and Regeneration Market?
• Who are the leading companies and what are their portfolios in Nerve Repair and Regeneration Market?
• What segments are covered in the Nerve Repair and Regeneration Market?
• Who are the key players in the Nerve Repair and Regeneration market?

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