Nerve Repair & Regeneration Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global Nerve Repair & Regeneration Market size is projected to reach a CAGR of 6.5% to 2030.
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Neurological disorders are defined as disorders that affect the brain as well as the nerves found throughout the human body and the spinal cord. Acute spinal cord injury, Alzheimer’s disease, amyotrophic lateral sclerosis (ALS), ataxia, bell’s palsy, brain tumors, cerebral aneurysm, epilepsy, and seizures are some of the common neurological disorders.
North America to Dominate the Market
North America dominated the market with over 30.0% share owing to the increased incidence of neural disorders and supportive health insurance coverage scenario in the region. The availability of technologically advanced devices owing to the presence of major market players is also a major factor fuelling the growth of this region.
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to the increasing target population base, rising awareness among patients, supportive government initiatives, the presence of unmet medical needs, and the advent of innovative technologies.
The Prominent Players in Nerve Repair & Regeneration Market are
- AxoGen, Inc.
- Stryker Corporation
- Jude Medical, Inc.
- Baxter International, Inc.
- Polyganics B.V.
- Boston Scientific, Inc.
- Integra Lifesciences Corporation
- Cyberonics, Inc.
- Medtronic plc. And More
Key Findings: Nerve Repair & Regeneration Market
- Nerve repair and regeneration (NRaR) refers to a neural tissue engineering process used for the treatment of a nerve injury. It facilitates the regrowth of new neurons, glial cells, myelin, axons, and synapses. It also aids in restoring the normal functioning of the nerve after nerve damage, which is usually caused by pressure, blunt trauma, stretching, or cutting of a nerve.
- The surgery segment is further segmented into Stem Cell Therapy, Neuromodulation Surgery, Direct Neuropathy, and Nerve Grafting.
- The market is also divided into various regions such as Asia Pacific, North America, Europe, South America, the Middle East & Africa. North America dominated the market with over 30.0% share owing to the increased incidence of neural disorders and supportive health insurance coverage scenario in the region.
- Moreover, the pandemic severely affected the global economy and affected the functioning of general hospital care for non-Covid-19 patients. As several hospitals were closed due to lockdown, the demand for nerve repair and regeneration procedures experienced a decline.
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