The research study on the global Nerve Repair and Regeneration market provides a complete detail-oriented assessment of this market and provides an accurate evaluation of market tendencies such as revenue estimations and shares, current market value, future market valuation, and market size over the forecast years. The report focuses on the evaluation of the given market in major regions and the countries included in those regions. The report provides details of the market considering the geographical landscape that includes North America, Latin America, Asia Pacific, Europe, and Middle East Africa.
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The report aims to provide a determining analysis of the market competition to help the user make a pivotal business analysis. The complete portfolios of the key companies, including their production capacity, revenue share and size, gross margin, sales revenue and margin, growth rate, along with their business strategies and technological developments, have been discussed in the report. The companies operating in the market and profiled in the report include Abbott Laboratories, Medtronic, Plc, Boston Scientific Corporation, BAXTER INTERNATIONAL, INC., LIVANOVA, PLC., AXOGEN, INC., Stryker Corporation, Cyberonics, Inc., INTEGRA LIFESCIENCES, and SOTERIX MEDICAL, INC., among others.
The increasing prevalence of neurodegenerative diseases, such as Parkinson's disease, Alzheimer’s disease, multiple sclerosis, and epilepsy, is a key contributing factor to the growing demand for nerve repair and regeneration products. The launch of the enhanced and technologically advanced product by the major industry players is expected to fuel the growth of the market.
Some Key Highlights from the Report
In 2019, Medtronic launched the Intellis platform for the management of certain types of chronic intractable pain. The platform was designed to overcome limitations with current spinal cord stimulation (SCS) systems, such as battery performance, and power the Evolve workflow. It can track patients 24/7 and help in monitoring chronic pain.
The Neurostimulation and Neuromodulation Devices segment held the largest market share of 59.4% in 2019. The increasing incidence of spinal injuries is expected to increase the demand for spinal cord stimulation devices and drive the growth of the Neurostimulation and Neuromodulation Devices.
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Stem Cell Therapy is forecasted to grow with the fastest CAGR of 9.7% over the forecast period. Increasing brain and spinal cord injury, neurodegeneration, frailty syndrome, and heart diseases have increased the adoption of stem cell therapies.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the supportive government initiatives to improve the healthcare infrastructure and increase healthcare budgetary allocation.
The report further discusses in detail the market segmentation based on types and applications.
Product Outlook (Revenue, USD Billion; 2017-2027)
- Neurostimulation and Neuromodulation Devices (Sacral Nerve, Spinal Cord, Vagus Nerve, Gastric Electric, and Deep Brain Stimulation Devices)
- Biomaterial
Surgery Outlook (Revenue, USD Billion; 2017-2027)
- Stem Cell Therapy
- Direct Nerve Repair
- Nerve Grafting
- Neurostimulation and Neuromodulation Surgeries
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Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Major benefits of the Nerve Repair and Regeneration report:
- The report discusses in detail the changing dynamics of the competitive landscape
- The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
- The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
- The report encompasses a detailed forecast for the years 2020-2027
- The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline
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