Nerve Regeneration Market Clinical Research and Business Analysis By Product (Biomaterials, Nerve Conduits, Nerve Protectors, others), By Application (Surgery, Prognosis, Autologous Nerve Grafting, others) By Methods (Stem Cell Therapy, Direct Nerve Repair, Nerve Grafting, others) - Global Forecast till 2023
Pune, India - August 21, 2019 /MarketersMedia/ —
The global nerve regeneration market was analyzed by Market Research Future (MRFR) and it was projected that a notable CAGR of 11.3% will be attained by the market over the forecast period of 2017 to 2023. The valuation of the nerve regeneration market was further stated to surpass its previous valuation.
Market Overview
Peripheral nerves are connected directly to the brain as well as the spinal cord and other parts of the human body. These nerves are fragile in nature and can be easily damaged. This can therefore affect the brain’s ability to communicate with muscles or organs. The nerve regeneration market also comprises biomaterials like neuromodulator and neuro-stimulation devices. These are some of the biggest driving factors that are expected to push the growth of the market in the coming years. However, lack of awareness among patients concerning nerve regeneration techniques can restrict the growth of the market.
An expanding rate of geriatric population and the various benefits of regenerative surgeries compared to the painful conventional surgical methods are expected to boost the growth of the global market. The elderly population are more prone to suffer from chronic and neurological disorders like Alzheimer’s, Parkinson as compared to adults, thereby driving the growth of the market in a positive manner.
Competitive Landscape
The global nerve regeneration market comprises a host of key players. This includes names like-
Stryker Corporation (U.S.)
Baxter International Inc. (U.S.)
AxoGen Inc. (U.S.)
Polyganics (the Netherlands)
Boston Scientific Corporation (U.S.)
Orthomed S.A.S. (France)
Cyberonics Inc. (U.S.)
Xcelthera INC. (U.S)
St. Jude Medical (U.S.)
Integra Life Sciences Corporation (U.S.)
Medtronic (U.S.)
Neurotex Limited (U.K)
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Market Segmentation
The global nerve regeneration market has been segmented in terms of type, end-user, and components.
By product, the market is segmented into biomaterials, nerve protectors, nerve conduits, and others. Biomaterials can be further branched down into neuro-stimulation, neuromodulator devices, and others
By application, the market breaks down into surgery, autologous nerve grafting, prognosis, and others.
By method, the market narrows down into direct nerve repair, stem cell therapy, nerve grafting, and others.
Regional Analysis
The global nerve regeneration market is geographically distributed across the following key regions: Asia Pacific, Americas, Europe, and the Middle East and Africa.
The Americas spearhead the market for nerve regeneration with the largest share percentage. This is due to the notable prevalence of nerve-based injuries and an encouraging space for research and development activities in healthcare. Americas hold the dominant hand in the global nerve regeneration market due to its established technology, high spending in the Healthcare sector, increasing population base, and booming stress level. Additionally, increased R&D activities and the presence of major companies in the region have boosted the growth of the market herein.
Europe holds the second largest position in the global bracket for acquired nerve regeneration market due to the rising government support for research & development and the availability of funds for research. This is projected to continue being the driving factor for the European market over the forecast period.
Asia Pacific is the fastest growing market for nerve regeneration when it comes to the presence of rapidly developing healthcare technology, huge population base of patients, high rate of healthcare expenditure, and increasing prevalence of nerve-based injuries or disorders. Rising demand for biomaterials for nerve regeneration has proliferated the growth of the regional market. Moreover, booming demand for various new and emerging treatment methods across countries like India and China are most likely to push the region as one of the fastest growing over the forecast period.
Lastly, in the Middle East and Africa region, the market for nerve regeneration is extremely small due to the lack of technical knowledge and improper medical facilities.
LIST OF TABLES
Table 1 Nerve Regeneration Industry Synopsis, 2017-2023
Table 2 Global Nerve Regeneration Market Estimates And Forecast, 2017-2023, (USD Million)
Table 3 Global Nerve Regeneration Market By Region, 2017-2023, (USD Million)
Table 4 Global Nerve Regeneration Market By Product, 2017-2023, (USD Million)
Table 5 Global Nerve Regeneration Market By Application, 2017-2023, (USD Million)
Table 6 Global Nerve Regeneration Market By Method, 2017-2023, (USD Million)
Table 7 North America Nerve Regeneration Market By Product, 2017-2023, (USD Million)
…To be Contined.
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Intended Audience
-Research and Development (R&D) Companies
-Government and Independent Research Laboratories
-Government and Independent Regulatory Authorities
-Academic Medical Institutes and Universities
-Pharmaceutical Industries
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