Global Nerve Repair and Regeneration Market is expected to grow at high CAGR by 2018

FORT WORTH, Texas, May 21, 2014 /PRNewswire/ --

The rapidly growing population and the growing number of nerve injuries and associated diseases are directing the need for nerve repair and regeneration techniques. The overall market for nerve repair and regeneration is poised to grow at a double-digit growth rate. The global nerve repair and regeneration market is segmented into peripheral nerve repair (direct nerve repair, nerve grafting, and stem cell therapy), and neuromodulation. Stem cell therapy shows great potential in nerve repair, and offers great opportunity in upcoming years.

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The North American nerve repair and regeneration market is expected to grow at a CAGR of more than 10% from 2013 to 2018. This market is expecting a high potential future owing to technological advances and patient-friendly techniques such as minimal invasive surgeries. Favorable reimbursement policies in the U.S., an increasing prevalence of disorders such as Alzheimer's, Parkinson's, and chronic pain, the rising awareness, and the growing demand of nerve repair products are fostering the growth of this market. The presence of leading players such as Medtronic (U.S.), Cyberonics (U.S.), and Stryker Corporation (U.S.) are the major reasons for North America to hold the largest share in this market.

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http://www.micromarketmonitor.com/market/north-america-nerve-repair-regeneration-5746942773.html

Europe is another major contributor to the global nerve repair and regeneration market, estimated at around $1.3 billion in 2013. A significant increase in the aging population and it being a favorable destination for new product launches are the major reasons for the growth of this market. The large number of CE mark product approvals provides significant opportunities in upcoming years. However, the high cost of instruments, lack of expertise, and surgical failures are restraining the growth of this market.

Browse through detailed ToC on the "Europe Nerve Repair & Regeneration Market"

http://www.micromarketmonitor.com/market/europe-nerve-repair-regeneration-1120464071.html

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SOURCE MicroMarketMonitor