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The global nerve repair and regeneration market are expected to grow from USD 7.54 billion in 2022 to USD 20.20 billion by 2030, at a CAGR of 13.11% during the forecast period 2022-2030. The Asia Pacific is expected to grow the fastest during the forecast period.
Just like how blood acts as a connective tissue in the body to carry substances from one place to another, the nerves are responsible for transporting electrical impulses from the brain to the rest of the body. The electrical impulses carried by the nerves are responsible for the movements that humans perform, like moving hands, legs, and waking. Nerves also carry electrical impulses to convey the message from the brain to the rest of the body to carry involuntary actions like breathing and digestion, which are vital for human survival. Any damage to nerves can impede the ability of the brain to communicate with muscles & organs of the body. Nerve damage can lead to muscle weakness, numbness of muscles, or uncontrollable muscle twitching. Accidents, medical conditions, and diseases like lupus are responsible for nerve damage. Nerve damage increases the struggle to perform day-to-day activities for the individual. Surgical interventions can repair the damaged nerve. The neurons begin to regenerate after proper treatment is offered to the damaged nerve. The exploration of a damaged nerve and the following repair of the nerve by removing the damaged tissues at the end of the nerves is called nerve repair. The regrowth of neurons which leads to the formation of new nervous tissues, is called nerve regeneration. The repair and regeneration of nerves can bridge the broken chain of communication between the brain and the rest of the body, thus facilitating a healthy lifestyle for the patients.
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The Vanta and Intellis neurostimulators made by Medtronic were given FDA approval in 2022 to treat diabetic peripheral neuropathy-related chronic pain (DPN). Medtronic is a significant player in the global nerve repair and regeneration market. The FDA approval is a boost for the company's prospects.
The next-generation image-guided programming software for deep brain stimulation (DBS) therapy, Vercise Neural Navigator with STIMVIEW XT from Boston Scientific, has received FDA approval. Together with software-driven medical technology business Brainlab, STIMVIEW XT was created. For patients with Parkinson's disease or essential tremors, clinicians can visualize the brain architecture's lead placement and stimulation modeling in real-time. STIMVIEW XT is an integrated visualization tool with the Vercise Genus Deep Brain Stimulation range for DBS programming. It offers 3D patient-specific visualization of the brain's anatomy for individualized therapy.
Drivers:
The increasing prevalence of neurological diseases – As a person ages, their brains become smaller, and they cannot optimally use their neurons. Individuals' cognitive and motor abilities suffer from the brain's deterioration and loss of effectiveness. With age, there is a higher chance of acquiring a neurological disorder. As a result, there will be more patients with neurological problems and neurodegenerative diseases due to the aging population. The demand for nerve repair and regeneration to treat neurological disorders/conditions will rise. Furthermore, the increasing number of accidents has led to an increase in nerve injuries globally. Vehicular accidents significantly contribute to the rising number of nerve injury patients in the market, affecting the peripheral nervous system. Nerve injuries can be caused while performing sports or other strenuous activities. The increasing awareness about diabetes-induced nerve damage or carpal tunnel syndrome is also growing, thereby driving the global nerve repair and regeneration market. The rising prevalence of autoimmune diseases is also contributing to the worldwide market.
Restraints:
Lack of skilled medical personnel – Nerve repair and regeneration is a delicate procedure that requires qualified, trained, and experienced medical personnel. The intricacies involved in nerve repair and regeneration are complex; therefore, the field does not have many skilled professionals to carry out the procedure. The lack of skilled health personnel in the market will restrict its growth.
Opportunities:
Discoveries and advancements - The increasing prevalence of nerve injuries have proliferated the research and development in the nerve repair and regeneration market to exploit its potential in the future. Emerging economies like India, China, Brazil, and South Africa are increasing their healthcare infrastructure spending to cater to the rising healthcare demands of the respective country’s massive populations and attract major market players. For instance, the promising applications of stem cell therapy in nerve repair and regeneration drive the market research and development of new drugs and treatments. The discoveries and advancements in the market will offer lucrative opportunities for the market players, thereby propelling the industry's growth.
Challenges:
Stringent regulatory approval standards – The trials that must be carried out to research and assess the success of discoveries and innovations in the nerve repair and regeneration field of medicine need to be approved by the appropriate authorities. These authorities uphold rigorous compliance and accountability requirements since they must protect the target audience's interests from any negative consequences and false claims. It takes time for the market participants to undergo the inspection. These laws impact the timely introduction of products and the related advantages, which lowers earnings, thereby challenging the market's growth.
Regional segmentation analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the largest market for the global nerve repair and regeneration market, with a 39.33% market revenue share in 2022. The region's high fiscal healthcare expenditure and advanced healthcare infrastructure are significant contributors to its dominance in the global market. The introduction of advanced medical technologies, devices, drugs, and treatments in the market, given the presence of significant market players in the region, also benefits the region. Given the rising geriatric population, the increasing prevalence of neurological diseases will drive the demand for these advanced nerve repair and regeneration treatments. The Asia Pacific market is expected to rise the fastest in the forecast period. The vast population of the region is attracting major market players to geography. The region's significant population is a major contributor to the global population with neurological and neurodegenerative diseases. The poor infrastructure and lack of fiscal healthcare expenditure led to the significant gap of unmet healthcare demands in the regions. The global market players can exploit the gap for their profits, thereby driving regional growth and development.
North America Region Nerve Repair and Regeneration Market Share in 2022 - 39.33%
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Product type segment analysis
The product type segment is divided into neuromodulation surgery devices, neurostimulation, and biomaterials. The neuromodulation surgery devices segment dominated the market with a revenue share of around 55% in 2022. Neuromodulation, as the name suggests, is a procedure through which nerve damage is targeted by offering stimulus via electrical impulses to the target site. The neurons are altered by such electrical impulses and thereby repaired to regain full function. The neuromodulation surgery devices are known in the medical field and are popular in the product segment. The increasing awareness among the end consumers is also driving the market's growth. Technological advancements that have led to enhanced devices will propel the segment's growth. Furthermore, the increasing government funding for research and development of neuromodulation surgery devices has significantly contributed to the development of the market. The biomaterials segment was severely impacted by the supply chain disruptions caused by the pandemic, which positively impacted the neuromodulation surgery devices segment over the course of two years.
Surgery type segment analysis
The surgery type segment is divided into direct nerve repair, stem cell therapy, nerve grafting, neuromodulation surgery, and others. Over the forecast period, the direct nerve repair segment is expected to grow at the fastest CAGR of 16.24%. Direct nerve repair is the gold standard surgical procedure for nerve repair and regeneration. It is a tested and reliable method translating into its growing adoption in the healthcare sector. It has a high success rate of approximately 80%. Technological advancements have improved the execution of direct nerve repair. Increasing research and development to enhance the direct nerve repair surgical procedure will also propel the future growth and development of the segment.
End-user segment analysis
The end-user segment is divided into hospitals, clinics, and ambulatory settings. The hospital segment dominated the market with a market share of around 66% in 2022. Governments worldwide are concentrating on increasing capital investment to improve their healthcare infrastructure and offer comprehensive development to the sector. Increasing government funding will boost the development of hospitals globally. The funding will also propel the advancement in the services offered at these institutions. Increasing private hospitals with state-of-the-art infrastructure will also contribute to the segment's growth. The increasing out-of-pocket expenditure and positive reimbursement policies of the governments will also aid in the development of the segment.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion), Volume (Kg) |
| Market size value in 2022 | USD 7.54 Billion |
| Market size value in 2030 | USD 20.20 Billion |
| CAGR (2022 to 2030) | 13.11% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | The research segment is based on product type, surgery type, and end-user. |
| Regional Segments | The regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
As per The Brainy Insights, the size of the nerve repair and regeneration market was valued at USD 7.54 billion in 2022 to USD 20.20 billion by 2030.
Global nerve repair and regeneration market is growing at a CAGR of 13.11% during the forecast period 2022-2030.
The market's growth will be influenced by the increasing prevalence of neurological diseases.
Lack of skilled medical personnel could hamper the market growth.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Surgery Type
4.3.3. Market Attractiveness Analysis by End User
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing prevalence of neurological diseases
5.3. Restraints
5.3.1. Lack of skilled medical personnel
5.4. Opportunities
5.4.1. Discoveries and advancements
5.5. Challenges
5.5.1. Stringent regulatory approval standards
6. Global Nerve Repair and Regeneration Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Neuromodulation Surgery Devices
6.3. Neurostimulation
6.4. Biomaterials
7. Global Nerve Repair and Regeneration Market Analysis and Forecast, By Surgery Type
7.1. Segment Overview
7.2. Direct Nerve Repair
7.3. Stem Cell Therapy
7.4. Nerve Grafting
7.5. Neuromodulation Surgery
7.6. Others
8. Global Nerve Repair and Regeneration Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Hospitals
8.3. Clinics
8.4. Ambulatory Settings
9. Global Nerve Repair and Regeneration Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Nerve Repair and Regeneration Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Nerve Repair and Regeneration Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Abbott Laboratories
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Axogen Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Baxter
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Boston Scientific Corporation
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Cyberonics Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Integra LifeSciences
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Medtronic Plc
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Neutronetics Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Polyganics
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Stryker Corporation
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
2. Global Neuromodulation Surgery Devices Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
3. Global Neurostimulation Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
4. Global Biomaterials Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
5. Global Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
6. Global Direct Nerve Repair Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
7. Global Stem Cell Therapy Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
8. Global Nerve Grafting Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
9. Global Neuromodulation Surgery Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
10. Global Others Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
11. Global Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
12. Global Hospitals Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
13. Global Clinics Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
14. Global Ambulatory Settings Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
15. Global Nerve Repair and Regeneration Market, By Region, 2019-2030 (USD Billion)
16. North America Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
17. North America Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
18. North America Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
19. U.S. Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
20. U.S. Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
21. U.S. Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
22. Canada Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
23. Canada Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
24. Canada Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
25. Mexico Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
26. Mexico Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
27. Mexico Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
28. Europe Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
29. Europe Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
30. Europe Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
31. Germany Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
32. Germany Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
33. Germany Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
34. France Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
35. France Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
36. France Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
37. U.K. Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
38. U.K. Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
39. U.K. Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
40. Italy Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
41. Italy Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
42. Italy Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
43. Spain Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
44. Spain Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
45. Spain Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
46. Asia Pacific Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
47. Asia Pacific Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
48. Asia Pacific Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
49. Japan Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
50. Japan Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
51. Japan Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
52. China Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
53. China Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
54. China Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
55. India Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
56. India Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
57. India Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
58. South America Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
59. South America Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
60. South America Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
61. Brazil Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
62. Brazil Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
63. Brazil Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
64. Middle East and Africa Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
65. Middle East and Africa Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
66. Middle East and Africa Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
67. UAE Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
68. UAE Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
69. UAE Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
70. South Africa Nerve Repair and Regeneration Market, By Product Type, 2019-2030 (USD Billion)
71. South Africa Nerve Repair and Regeneration Market, By Surgery Type, 2019-2030 (USD Billion)
72. South Africa Nerve Repair and Regeneration Market, By End User, 2019-2030 (USD Billion)
List of Figures
1. Global Nerve Repair and Regeneration Market Segmentation
2. Nerve Repair and Regeneration Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Nerve Repair and Regeneration Market Attractiveness Analysis by Product Type
9. Global Nerve Repair and Regeneration Market Attractiveness Analysis by Surgery Type
10. Global Nerve Repair and Regeneration Market Attractiveness Analysis by End User
11. Global Nerve Repair and Regeneration Market Attractiveness Analysis by Region
12. Global Nerve Repair and Regeneration Market: Dynamics
13. Global Nerve Repair and Regeneration Market Share by Product Type (2022 & 2030)
14. Global Nerve Repair and Regeneration Market Share by Surgery Type (2022 & 2030)
15. Global Nerve Repair and Regeneration Market Share by End User (2022 & 2030)
16. Global Nerve Repair and Regeneration Market Share by Regions (2022 & 2030)
17. Global Nerve Repair and Regeneration Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the nerve repair and regeneration market based on below mentioned segments:
Nerve Repair and Regeneration Market by Product Type:
Nerve Repair and Regeneration Market by Surgery Type:
Nerve Repair and Regeneration Market by End User:
Nerve Repair and Regeneration Market by Region:
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