Nerve Repair and
Regeneration Market study offers detail
overview of industry with all the requisite data to support tactical business
decisions and come up with strategic growth plans. This study also proposes a
comprehensive insight into the development policies and plans in addition to
manufacturing processes and cost structures.
Nerve
Repair and Regeneration Market is anticipated to reach USD 15.7 billion by
2024. It is anticipated to grow at a healthy rate in the years to come. The
factors that propel the growth of the Market include the increasing prevalence
of chronic pain, growing incidence of neurological disorders, rising aged
population. In addition, the awareness regarding mental diseases and
technological advancement and their treatment in nerve regeneration and repair
products is growing worldwide, which contributes to the development of the
market.
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Some of the major objectives of this report:
•
To provide detailed analysis of the market structure along with forecast of the
various segments and sub-segments of the global Nerve Repair and Regeneration
Market.
•
To provide insights about factors affecting the market growth. To analyze the Nerve
Repair and Regeneration Market based on various factors- price analysis, supply
chain analysis, porter five force analysis etc.
•
To provide historical and forecast revenue of the Nerve Repair and Regeneration
Market segments and sub-segments with respect to four main geographies and
their countries- North America, Europe, Asia, and Rest of the World.
•
Country level analysis of the market with respect to the current market size
and future prospective.
•
To provide country level analysis of the market for segment by application,
product type and sub-segments.
•
To provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
•
Track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Nerve Repair and Regeneration Market.
On
the other hand, high cost and lack of skilled professionals and side effects
related to the usage of neuro modulation and neuro stimulation devices are the
major factors hampering the Nerve Repair and Regeneration Market growth in the
years to come and anticipated to grow at a significant CAGR of 11.6% in the
upcoming period as the scope, product types, and its applications are
increasing across the globe.
Nerve
Repair and Regeneration industry may be analyzed based on product,
applications, end user, and geography. It may be explored by product as Neuro
stimulation and Neuro modulation Devices (pertaining to Transcranial Magnetic
Stimulation, and Transcutaneous Electrical Nerve Stimulation). Internal Neuro
stimulation Devices include Deep Brain Stimulation, Spinal Cord Stimulation,
Gastric Electrical Stimulation, Sacral Nerve Stimulation, and Valgus Nerve Stimulation.
Biomaterials may be analyzed into Nerve Protectors, Nerve Conduit, Nerve
Connectors, and Nerve Wraps.
Nerve
Repair and Regeneration Market may be explored by application as Nerve
grafting, Direct nerve repair/neurorrhaphy, Neuro stimulation and neuro
modulation surgeries, Stem cell therapy. In 2016, the largest market share was
held by “stem cell therapy” application in the market due to growing neuro
stimulation & neuro modulation surgery, and the same trend is expected to
continue for the upcoming period.
Nerve
Repair and Regeneration industry may be explored by end user as Ambulatory
Surgery Center, and Hospitals and clinics. In 2016, the largest market share
was held by “Hospital” end user sector in the market due to growing occurrence
of neurological prevalence and growth in the number of hospitals in developing
economies.
North
America accounted for the major share of the Nerve Repair and Regeneration
Market Size Analysis in 2015 and will continue to lead in the forecast period
due to factors such as accessibility of technically advanced devices. However,
Asia-Pacific to be the highest growing region in the forthcoming period.
Some
of the key players that fuel the growth of the Nerve Repair and Regeneration
industry include Baxter International Inc., Alafair Biosciences Inc., Boston
Scientific Corporation, AxoGen Inc., Cyberonics Inc., Medtronic Inc., St. Jude
Medical Inc, Stryker Corporation and Integra Lifesciences Holdings
Corporation.The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
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