The research report provides a big picture on nerve damage repair and treatment industry, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period
Nerve Regeneration Market Scope
Market Research Future (MRFR) forecasts that the global nerve regeneration market is expected to garner 11.3% CAGR during the forecast period of 2017-2023.
The increase in prevalence of neurological disorders due to the rise in number of people afflicted with genetic disorders is observed as a strong factor that is likely to amplify the nerve regeneration market. The increase in geriatric population, which is prone to neurodegenerative disorders like Alzheimer and Parkinson disorder is also expected to escalate the nerve regeneration market growth. Traumatic injuries can severely damage nerve functions and hence, demand for effective neurological treatments. The effectiveness of nerve regeneration treatments to cater medical attention to the rising number of patients suffering from nerve injuries is likely to cast a positive impact on the market growth.
Also Read https://www.medgadget.com/2019/11/nerve-repair-and-regeneration-industry-cagr-of-11-34-to-reach-usd-12695-25-million-by-product-application-technology-with-professional-outlook-till-2024.html
Nerve regeneration treatment includes several surgeries that can be performed easily. The growing popularity of nerve regeneration treatment among people due to its flexibility is another factor that is expected to impel the nerve regeneration market growth. However, despite such robust market drivers, the high cost and unawareness about nerve regeneration procedures can hinder the market expansion.
Market Top Key Players
Stryker Corporation (U.S.).St. Jude Medical (U.S.)
Integra Life Sciences Corporation (U.S.)
AxoGen Inc. (U.S.)
Xcelthera INC. (U.S)
Cyberonics Inc. (U.S.)
Polyganics (the Netherlands)
Boston Scientific Corporation (U.S.)
Neurotex Limited (U.K)
Orthomed S.A.S. (France)
and Baxter International Inc (U.S.).
The nerve regeneration market has been segmented on the basis of application, product, and method.
Based on the application, the nerve regeneration market has been segmented into nerve grafting, autologous surgery, prognosis, and others. The application segment of the market is likely to garner a considerable CAGR during the forecast period.
Based on the product, the nerve regeneration market has been segmented into biomaterials, nerve protectors, nerve conduit, and others.
Based on the method, the nerve regeneration market has been segmented into nerve grafting, stem cell therapy, direct nerve repair, and others.
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Based on region, the nerve regeneration market has been segmented into Americas, Asia Pacific, Europe, and the Middle East & Africa.
The Americas is expected to lead the global nerve regeneration market due to its largest patient pool. The well-structured medical base and hike in the healthcare expenditure are factors that are likely to bolster the regional market. Moreover, robust research and developmental activities concerning nerve regeneration are also expected to fuel its market growth.
The regional insights suggest that Europe holds the second position in the global acquired nerve regeneration market owing to the government support for research & development and availability of funds for research.
Europe, followed by lead, is likely to stand second in the global nerve regeneration market. The increase in funding for research and developmental activities is identified as a reason that is anticipated to fuel the market growth.
Due to the lack of technical support and unorganized medical infrastructure in the Middle East Asia and Africa the nerve regeneration market is expected to hold the least market share.
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