Increasing cases of neurological disorders, ongoing research activities, and private and government investments

The global nerve repair and regeneration market size is expected to reach USD 22.01 Billion in 2028 and register a revenue CAGR of 10.9% over the forecast period, according to a latest report by Reports & Data. A major factor driving market revenue growth is increasing cases of neurological disorders. According to World Health Organization (WHO), hundreds of millions of people are affected by neurological disorders worldwide. Alzheimer’s disease may contribute to 60–70% of cases and is regarded as the most common cause of dementia.

Increasing investments in research in the field of nerve repair and regeneration is resulting in the advent of additional opportunities for efficient neurological healthcare delivery. Ongoing research and development activities and private investments in the healthcare sector for advancements in surgery devices is expected to positively impact revenue growth of the market over the forecast period.

Moreover, market growth is projected to register an upward trend with the growing awareness about mental disorders among people. In addition, increasing cases of Central Nervous System (CNS) disorders and healthy lifestyle trends are some key factors expected to continue to fuel market growth going ahead.

However, high cost of nerve repair and regeneration devices and unfavorable government policies are some major factors restraining global nerve repair and regeneration market revenue growth over the forecast period.

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Some major players in the market research report include

AxoGen Inc., Baxter International Inc., Boston Scientific Corporation, Livanova PLC (Cyberonics Inc.), Medtronic PLC, Abbott Laboratories (St. Jude Medical, Inc.), Integra Lifesciences Holding Corporation, Orthod Group Ltd., Polyganics B.V., Stryker Corporation, and Cyberonics Inc..

Market Dynamics:

Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.

Surging demands and transition to patient-centric care delivery across geographies will change pharma and healthcare market trends through 2028.

Competitive Outlook:

The report focuses on current and emerging trends in the healthcare industry such as incorporation of IoT and Machine Learning to enhance efficiency of medical products. Top companies in the market are focusing on R&D activities to expand their product offerings and cater to unmet medical needs.

This report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.

Some Key Highlights From the Report:

On the basis of surgery type, the market report is segmented into direct neuropathy, nerve grafting, neuromodulation surgery, and stem cell therapy. Among these, the ransomware segment accounted for largest revenue share in 2020 due to rise in ransomware attacks by cyber criminals to encrypt a victim’s files. The attacker demands few hundred dollars to thousands to restore access to the data.

On the basis of product type, the market report is segmented into biomaterial, neuromodulation surgery devices, external, and internal. Among these, the neuromodulation surgery devices segment is expected to register a significantly rapid revenue CAGR during the forecast period due to the increasing neurological disorders such as epilepsy and peripheral nerve injuries.

Asia Pacific nerve repair and regeneration market is expected to register fastest revenue growth rate over the forecast period due to increasing population suffering from nerve related diseases in the emerging economics such as India and China where hospitalization requires at large extent.

Revenue from North America nerve repair and regeneration market is projected to account for a significantly larger revenue share and dominate other regional markets over the forecast period. This can be attributed to rapid technological advancements in the field of nerve repair and regeneration, and increasing cases of neurological disorders patients.

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Segments covered in the report:

For the purpose of this report, Reports & Data has segmented the global nerve repair and regeneration market on the basis of surgery type, product type and region:

Surgery Type Outlook (Revenue, USD Billion; 2018 – 2028)

Direct Neuropathy

Epineural Repair

Perineural Repair

Group Fascicular Repair

Nerve Grafting

Autografts

Allografts

Xenografts

Neuromodulation Surgery

External

Internal

Stem Cell Therapy

Product Type Outlook (Revenue, USD Billion; 2018 – 2028)

Biomaterial

Nerve conduits

Nerve protectors

Nerve wraps

Nerve connectors

Neuromodulation Surgery Devices

External

Transcutaneous Electrical Nerve Stimulation

Transcranial Magnetic Stimulation

Internal

Spinal Cord Stimulation

Deep Brain Stimulation

Sacral Nerve Stimulation

Vagus Nerve Stimulation

Regional Outlook (Revenue, USD Billion; 2018 – 2028)

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

The report segments the Nerve Repair and Regeneration market on the basis of product types, applications, end-use industries, and regions among others. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.

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