Nerve Repair Market: Opportunities and Challenges

Nerve Repair Market: Opportunities and Challenges

November 05
12:45 2019
Nerve Repair Market: Opportunities and Challenges

Key players operating in the nerve repair and regeneration market include Medtronic (US), Boston Scientific (US), Abbott Laboratories (US), LivaNova (UK), Baxter (US), AxoGen (US), and Stryker (US).
The major factors driving the growth of this market are the high incidence of nerve injuries, growing prevalence of neurological disorders, increasing geriatric population, and availability of technologically advanced nerve repair and regeneration products.

The nerve repair market is projected to reach USD 10.59 billion by 2022 from USD 5.79 billion in 2017, at a CAGR of 12.9%. The major factors driving the growth of this market are the high incidence of nerve injuries, growing prevalence of neurological disorders, increasing geriatric population, and availability of technologically advanced nerve repair and regeneration products. On the other hand, the dearth of trained professionals and a stringent regulatory framework are expected to hinder the growth of this market to a certain extent.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=883

What are the opportunities in emerging markets?

The emerging countries such as India, China, and Brazil are expected to offer potential growth opportunities for the market players during the forecast period. The huge population base, especially in India and China, is one of the major factors that will offer sustainable growth opportunities for players offering nerve repair and regeneration products. In addition, the increasing healthcare expenditure and rising incidence of neurological diseases like Alzheimer’s, Parkinson’s, and epilepsy will help increase the demand for nerve repair and regeneration products in these countries. According to the World Bank, healthcare expenditure in India increased from 4.2% of GDP (Gross Domestic Product) in 2000 to 4.7% of GDP in 2014. Similarly, in China, healthcare expenditure increased from 4.5% of GDP in 2000 to 5.5% of GDP in 2014. This trend indicates that the expenditure on healthcare is high and is growing at a significant rate in these countries. This, in turn, is supporting the growth of hospitals and ambulatory surgical centers in these countries. This is considered as a positive indicator for the market growth as hospitals and ambulatory surgical centers are major end users of nerve repair and regeneration products.

Why is Donor-site morbidity a challenge?

Donor nerves provide a suitable environment for the regeneration of new nerves. However, donor nerves often suffer from tissue morbidity, and donor-site morbidity is considered as a major concern in patients undergoing allograft surgeries. Normally, in nerve defects of a few centimeters in length, sensory nerve autografts are used as the standard technique; however, this approach is limited by the availability of donor nerves and co-occurring disorders associated with additional surgeries.

Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=883

Browse Related Reports:

Parkinsons Disease Treatment Market by Drug Class (Carbidopa/Levodopa, Dopamine Receptor Agonists, MAO-Inhibitors), Distribution Channel (Hospital, Online, Retail Pharmacies), Patient Care Setting (Hospitals, Clinics) – Global Forecast to 2022

Neuroprosthetics Market by Type (Output (Cognitive, Motor Prosthetics), Input (Cochlear, Retinal Implant)), Techniques (Deep Brain, Vagus Nerve, Spinal Cord stimulation), Application (Epilepsy, Paralysis, Alzheimer’s Disease) – Global Forecast to 2022

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/nerve-repair-regeneration-market-883.html

Categories