NEW YORK, May 23, 2016 /PRNewswire/ -- The global nerve repair and regeneration market is expected to reach USD 10,398.79 million by 2020 from USD 5,945.69 million in 2015 at a CAGR of 11.83%. Nerve injuries are most common in the upper (hand and arm) and lower (leg) extremities. Nerve damages can be caused by either blunt trauma, such as an impact from a fall or from traction injuries from motor vehicle accidents, or sharp trauma, such as direct cuts from a knife. Injury to a nerve can stop signals to and from the brain. Surgical nerve repair involves the exploration of the injured nerve and the removal of injured tissue from the nerve endings. Nerve repair and regeneration product are used through surgical interventions to restore normal function in nerves.
The rapidly increasing incidence of peripheral nerve injuries and neurological disorders is a major growth driver for this market. Furthermore, technological advancement in nerve repair and favorable reimbursement policies will aid the growth of this market.
This report segments the global nerve repair and regeneration market by product, application, and geography. The application segments included in this report are direct nerve repair/neurorrhaphy, nerve grafting, stem cell therapy, and neurostimulation and neuromodulation surgery. The direct nerve repair/neurorrhaphy segment is further categorized into epineural repair, perineural repair, and group fascicular repair. The nerve grafting surgeries segment is further categorized into autografts, allografts, and xenografts. The neurostimulation and neuromodulation segment is further categorized into external and internal neurostimulation and neuromodulation surgeries.
The product segments included in this report are biomaterials and neurostimulation and neuromodulation devices. The subsegments of the biomaterials segment are nerve conduits, nerve protectors, nerve wraps, and nerve connectors. The neurostimulation and neuromodulation devices segment is further categorized into internal and external neurostimulation and neuromodulation devices. The subsegments of the internal neurostimulation and neuromodulation product segment are spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation, and gastric electrical stimulation. The subsegments of the external neurostimulation and neuromodulation products segment are transcutaneous electrical nerve stimulation and transcranial magnetic stimulation.
The geographic segments included in this report are Asia, Europe, North America, and the Rest of the World (RoW). North America is expected to account for the largest share of the global nerve repair and regeneration market in 2015. A number of factors, such as the high prevalence of chronic disorders like epilepsy, Parkinson's, Alzheimer's, chronic pain, urine and fecal incontinence, and depression, along with rise in aging population, will drive the neuromodulation market in North America. Furthermore, according to the Centers for Disease Control and Prevention, about 80% of people aged 65 and above suffer from at least one chronic condition. All these factors are expected to provide an impetus to the growth of the North American nerve repair and regeneration market. However, the high cost of neuromodulation devices and the presence of alternate therapies will restrain market growth.
A combination of bottom-up and top-down approaches were used to calculate the market sizes and growth rates of the global nerve repair and regeneration market and its subsegments. Secondary information was used to identify overall revenue, geographic reach, and product portfolios of market players. Estimates of their nerve repair and regeneration market segment revenues were validated through primary interviews. Primary interviews with key opinion leaders were also used to determine the percentage shares of each subsegment and the relative differences in growth rates.
The report provides qualitative insights on key market shares, growth rates, and market drivers for all subsegments. It maps the market sizes and growth rates of each subsegment and identifies segments poised to see rapid growth. The report also includes company profiles of market leaders. These company profiles include the financial performances, product portfolios, and developments of each company. The report also provides a competitive landscape of the nerve repair and regeneration market that covers the growth strategies adopted by industry players over the last three years. It also includes analyses of industry developments like mergers and acquisitions, agreements and partnerships, and new product launches.
Reasons to Buy the Report:
The report will enable both established firms and new entrants to gauge the pulse of the market and make strategic growth decisions.
The report provides insights on the following:
- Product Development/Innovation: Product portfolios of the top players in the nerve repair and regeneration market. Detailed insights on upcoming technologies, research and development activities, and new product launches in the market
- Competitive Assessment: In-depth assessment of market shares, strategies, geographic and business segments, and product portfolios of leading players in the nerve repair and regeneration market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for various nerve repair and regeneration products across geographies
- Market Diversification: Exhaustive information about new products and services, recent developments, and investments in the nerve repair and regeneration market
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