Nerve regeneration has become a pertinent medical area which is growing at a rapid rate. Reports that evaluate the pharmaceutical industry have been made accessible by Market Research Future, which creates reports on several industry verticals that appraise the market development and prospects.
The improved level of study being conducted on nerve regeneration, especially with regards to nerve healing is expected to stimulate the nerve regeneration market. The rising use of autografts, which is a popular mode of treatment for regenerating nerve, is expected to boost the development of the market in the upcoming period. Moreover, the increased use of advanced materials for promoting nerve regeneration is expected to create opportunities for growth in the upcoming forecast period
Market Players
Market Research Future (MRFR) recognizes Boston Scientific Corporation, LivaNova PLC, Axogen Corporation, Integra LifeSciences, Abbott, Stryker Corporation, Nuvectra Corporation, NeuroPace, Polyganics, and Medtronic as the key players in the global nerve regeneration market.
Segment Analysis
The segmental analysis of the nerve regeneration market is conducted on the basis of product, application, method, and region.
Based on the product, the nerve regeneration market is segmented into nerve conduits, biomaterials, nerve protectors, and others.
The biomaterials segment can be further segmented into neuromodulator devices, neuro-stimulation, and others.
By application, the nerve regeneration market is segmented into prognosis, surgery, autologous nerve grafting, and others.
Based on the method, the nerve regeneration market is segmented into direct nerve repair, stem cell therapy, nerve grafting, and others.
By region, the nerve regeneration market is segmented into the Americas, Europe, Asia Pacific, Africa, and the Middle East.
The global nerve regeneration market report, based on the region, has been separated into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is anticipated to hold the largest share of the global nerve regeneration market during the forecast period. This is owing to the presence of key market players; strategic acquisitions by major players for enhancing product portfolio; increasing cases of chronic pain, obesity, and addiction; and availability of technologically advanced devices for the diagnosis and treatment of nerve disorders.
Europe is expected to witness significant growth in the nerve regeneration market. Various factors such as an increase in the healthcare expenditure by these nations and wide adoption of nerve regeneration techniques due to their efficiency to reduce pain and increasing cases of cancer are propelling the market growth.
Asia-Pacific is projected to be the fastest-growing region in the global nerve regeneration market report due to increasing awareness of neurological disorders and their risk factors, rising prevalence of osteoporosis, cancer, and neurological disorders. According to an article published by the International Osteoporosis Foundation, osteoporosis affects almost 70 million Chinese citizens over the age of 50 and is responsible for nearly 687,000 hip fractures in China each year.
The nerve regeneration market in the Middle East & Africa region is likely to exhibit the lowest growth due to factors such as large patient population suffering from neurological disorders, technological advancements, growth of the healthcare sector, and increasing healthcare expenditure.
Key Findings of the Study:
The global nerve regeneration market was valued at USD 6665.78 million in 2018, is estimated to grow at USD 25 million by 2024 at a CAGR of 11.34% during the assessment period.
Americas accounted for the largest share of the global nerve regeneration market due to the presence of key market players in the region.
Based on the product, the neurostimulation and neuromodulation devices segment accounted for the largest market share of USD 4,764.96 million in 2018.
Based on end user, the hospitals & clinics segment dominated the market and projected to register the highest CAGR of 11.62% during the forecast period.
Browse Detailed TOC with COVID-19 Impact Analysis at:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),