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
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.
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This report segments the global nerve repair and regeneration market byproduct, 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 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.
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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.
Major companies in the nerve repair and regeneration market are AxoGen Inc. (U.S.), Baxter International (U.S.), Boston Scientific Incorporation (U.S.), Cyberonics Inc. (U.S.), Integra Lifesciences Corporation (U.S.), Medtronic plc (U.S.), Orthomed S.A.S. (France), Polyganics B.V. (Netherland), St. Jude Medical (U.S.), and Stryker Corporation (U.S.).
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