Nerve Repair Biomaterials Market is registering a CAGR of 14.50% by 2029
According to the top notch Global Nerve Repair Biomaterials Market report, the market is greatly transforming because of the moves of the key players and brands including developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of HEALTHCARE industry. It is helpful in determining the discount rates, the actual prices and the price ranges, price elasticity for its products. This market report also endows with the list of leading competitors and their moves such as joint ventures, acquisitions, and mergers etc. Global Nerve Repair Biomaterials Market report has answers to many important questions that companies may have when operating in the HEALTHCARE industry.
Global Nerve Repair Biomaterials Market research report is the comprehensive analysis on the study of HEALTHCARE industry. In this regard, it estimates current CAGR of the Global Nerve Repair Biomaterials Market . The report gives evaluations of the product and application that is expected to show the highest market growth in the HEALTHCARE industry. Moreover, the report figures out whether there will be any changes in market competition during the forecast period. It estimates the region that is foretold to create the most number of opportunities in the global market.
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The nerves are known to be fragile and easily damaged, and could interfere with the brain’s ability to communicate with organs and muscles. Global Nerve Repair Biomaterials Market was valued at USD 7.44 billion in 2021 and is expected to reach USD 21.99 billion by 2029, registering a CAGR of 14.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Analysis and Size
The nervous system made up of the brain, spinal cord, and peripheral nerves is susceptible to various types of injury due to the complex and delicate structures. The high incidence of nerve injuries is escalating the growth of nerve repair biomaterials market.These nerves are fragile and easily damaged, and hence can interfere with the brain’s ability to communicate with muscles and organs.
Market Definition
The nerve repair and regeneration products consist of neuro-stimulation, neuromodulation devices, and biomaterials. These nerve repair biomaterials are used to operate trauma to neurodegenerative diseases, such as Parkinson’s disease, multiple sclerosis, Alzheimer’s disease, amyotrophic lateral sclerosis, and multiple system atrophy, among others.
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Forecast Period | 2022 – 2029 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
Some of the major players operating in the nerve repair biomaterials market are
- Stryker (US)
- Collagen Matrix, Inc. (US)
- Axogen Corporation. (US)
- Checkpoint Surgical, Inc. (US)
- Polyganics (Netherlands)
- Synovis Micro Companies Alliance, Inc. (US)
- Medtronic Plc. (US)
- Boston Scientific (US)
- Abbott (US)
- LivaNova PLC (UK)
- Cyberonics, Inc. (US)
- Nuvectra. (US)
- OrthoMed, Inc. (US)
- AxoGen, Inc. (US)
- Baxter International, Inc. (US)
- Integra LifeSciences (US)
- NeuroPace, Inc. (US)
- Soterix Medical, Inc. (US)
- Nevro Corp (US)
- Synapse Biomedical, Inc. (US)
- KeriMedical (Switzerland)
- BioWave Corporation (US)
- NeuroSigma (US)
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Drivers:
- Incidence of Nerve Injuries
The increase in the number of nerve injuries is one of the major factors driving the growth of the nerve repair biomaterials market.
- Geriatric Population
The rise in the geriatric population accelerate the market growth as elderly population is more prone to neurological and epidemic disorders.
- Government Support
The surge in government support for neurologic disorder research in funds and investments further influences the market.
Opportunities
Furthermore, the research in neurology extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, potential of stem cell therapy in nerve repair and regeneration will further expand the market.
Recent Development
- Medtronic received CE Mark for its InterStim
Micro neurostimulator and InterStim SureScan MRI leads in January’2020. The technologies are clear for commercial sale and clinical use in Europe and offer full-body MRI scan eligible and lifestyle-friendly choices.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Nerve Repair Biomaterials Market Scope and Market Size
Products
- Neurostimulation
- Neuromodulation Devices
Based on the products, the nerve repair biomaterials market is segmented into neurostimulation and neuromodulation devices. Neurostimulation and neuromodulation devices is further sub segmented into internal neurostimulation devices, external neurostimulation devices, biomaterials. Internal neurostimulation devices is further sub segmented into spinal cord stimulation, deep brain stimulation, vagus nerve stimulation, sacral nerve stimulation, gastric electrical stimulation. External neurostimulation devices is further sub segmented into TENS, TMS, RES. Biomaterials is further sub segmented into nerve conduits and nerve wraps.
Application
- Neurostimulation and Neuromodulation Applications
- Direct Nerve Repair or Neurorrhaphy
- Nerve Grafting
- Stem Cell Therapy
Based on the application, the nerve repair biomaterials market is segmented into neurostimulation and neuromodulation applications, direct nerve repair or neurorrhaphy, nerve grafting, stem cell therapy. Neurostimulation and neuromodulation applications are further sub segmented into internal neurostimulation and neuromodulation applications and external neurostimulation and neuromodulation applications. Direct nerve repair or neurorrhaphy is further sub segmented into epineural repair, perineural repair, group fascicular repair. Nerve grafting is further sub segmented into autografts, allografts and xenografts.
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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