The Global Nerve Repair and Regeneration market accounted for $6.46 billion in 2018 and is expected to reach $21.68 billion by 2027 growing at a CAGR of 14.4% during the forecast period. Some of the key factors propelling the market growth are technological developments for nerve repair and regeneration and an increase in healthcare expenses by government with sympathetic policies. However, elevated prices associated with devices is a restraining factor for the growth of the market.
By product, the neurostimulation and neuromodulation devices segment is expected to grow at a significant market share during the forecast period due to mounting incidence of peripheral nerve injuries, technological development in the field. Sympathetic reimbursement policies are expected to drive the growth of this market segment in the next five years. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to increasing numbers of patients suffering from chronic diseases, and an increase in government initiatives for the development of healthcare services in the region.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
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