What is Nerve Repair and Regeneration Market Scope?
Nervous system injuries affect over 90,000 people each year. It is estimated that 10,000 spinal cord injuries are affected each year alone. As a result of this high incidence of neurological injury, nerve regeneration, and repair, a branch of neural tissue engineering, is becoming a rapidly growing area dedicated to the discovery of new ways to restore nerve functionality after injury. Peripheral nerves provide the path for all types of axons that make up the peripheral nervous system (PNS) (e.g., motor (afferent), sensory (efferent) axons). Injuries to these nerves are common diseases throughout the human body because of their poor physical protection (as opposed to the CNS, which is protected by bones and meningeal layers) and their superficial location. The repair and regeneration of nerves provide replacements for damaged nerve tissue, cells, and cell products. The mechanism for repairing and regenerating nerves involves the creation of new axons, myelin, neurons, glial cells, and synapses. Nerve injuries are quite common and can be caused by either blunt trauma or traction injuries.
The Nerve Repair and Regeneration market study is being classified by Type (Neurostimulation Devices, Neuromodulation Devices [Sacral Nerve Stimulation Devices (SNS), Vagus Nerve Stimulation Devices (VNS), Spinal Cord Stimulation Devices (SCS), Deep Brain Stimulation Devices (DBS), Gastric Electric Stimulation Devices (GES), Transcutaneous Electrical Nerve Stimulation (TENS), Transcranial Magnetic Stimulation (TMS)] and Biomaterials [Nerve Conduits, Nerve Protectors, Nerve Wraps, Nerve Connectors]), by Application (Hospitals, Clinics, Ambulatory Surgery Centers and Diagnostic Laboratories) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Nerve Repair and Regeneration market throughout the predicted period.
Medtronic, PLC. (Ireland), Boston Scientific Corporation (United States), Abbott Laboratories (United States), AxoGen, Inc. (United States), Baxter International, Inc. (United States), LivaNova, PLC. (United Kingdom), Integra LifeSciences (United States), Polyganics (Netherlands), NeuroPace, Inc. (United States), Soterix Medical, Inc. (United States), Nevro Corp (United States), Synapse Biomedical, Inc. (United States), Aleva Neurotherapeutics (Switzerland), Collagen Matrix, Inc. (United States) and KeriMedical (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are BioWave Corporation (United States), NeuroSigma (United States), tVNS Technologies GmbH(Germany) and GiMer Medical (Taiwan).
Analyst at AMA have segmented the market study of Global Nerve Repair and Regeneration market by Type, Application and Region.
On the basis of geography, the market of Nerve Repair and Regeneration has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In November 2017, AxoGen had further developed the nerve repair platform on its annual day. In addition to the existing portfolio for trauma to the upper extremities, oral and maxillofacial interventions as well as revision of the carpal and cubital tunnel; the company had expanded its portfolio so as to include the neurotization of breast reconstruction and the surgical treatment of pain.
Influencing Market Trend
- A Rise in Availability of a Number of Therapies for Treating Various Central Nervous System (CNS) Disorders
- The Rise in Favorable Reimbursement Policies, And the Strong Presence of Industry Players
- Rising Cases of Neurological Disorders and Strong Product Pipeline
- The Growing Prevalence of Neurological Disorders
- Increasing Awareness, Environmental Influence, Lifestyle, Genetics, Nutrition, and Physical Injuries
- Increase in Peripheral Nerve Injuries and Neurological Disorders and Improvement in the Healthcare Facilities in Emerging Economies
- Growing Expenditure on Healthcare, And Development of Innovative Technologies
- Rising Government Support for Neurologic Disorder Research
- Improved Treatment Efficiency for Neurological Disorders Due To Several Technological Advancements
- Stringent Regulatory Requirements for Product Approvals
- Lack of Awareness among Patients and Physicians about Nerve Repair and Regeneration Products and Techniques
- Shortage of Skilled Professionals
Key Target AudienceProviders of Nerve Repair and Regeneration, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
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