Nerve Repair & Regeneration Market Size and Growth Rate:

“The Global Nerve Repair & Regeneration Market is expected to reach US$ 749.3 Mn by 2025 owing to surge in number of trauma and nerve damage cases across the globe”

Nerve Repair & Regeneration Market Growth Drivers and Restraints:

The global nerve repair & regeneration market is expected to reach US$ 749.3 Mn by 2025. The global nerve repair & regeneration market is driven by the benefits it provides in treating various diseases. Moreover, advancements in the nerve repair and regeneration products are also creating lucrative opportunities for the market players. Increased number of nerve damage and injuries are anticipated to drive the global nerve injury and nerve repair market over the forecast period. Major cause of nerve damage includes diabetes, Guillain Barre Syndrome, and cancer along with iatrogenic injuries, but PNI prevails in the context of trauma. Furthermore, increase in prevalence of accidents are surging the growth of global nerve repair & regeneration market, most common causes of nerve injuries are motor vehicle accidents, fractures, lacerations with sharp objects, and firearm or weapon injuries, among others. Moreover, increasing demand for nerve repair technologies are expected to create lucrative opportunities for players plunged in nerve repair market. Increased healthcare expenditure across the globe coupled with adoption of sophisticated healthcare technologies are anticipated to boost the nerve repair market. On the other hand, high cost of the nerve repair devices and stringent government regulations to approve the nerve repair products are expected to hamper the nerve repair market in over the coming years.

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Allografts Dominate the Global Nerve Repair & Regeneration Market

Based on the product type, global nerve repair & regeneration market is segmented into nerve grafts, (autograft and allograft), nerve wrap, nerve conduit, and direct repair. Allografts dominated the global nerve repair & regeneration market due to their benefits over autografts in treating nerve injuries. Aditionally, they are providing same effective solutions when compared with the autografts hence, allografts are gaining more traction in the nerve repair and regeneration Market.

North America Leads the Global Nerve Repair & Regeneration Market

PBI’s global nerve repair & regeneration market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global Nerve Repair & Regeneration market through 2012-2018 and expected to dominate over 2019-2025 owing to increase in prevalence of trauma, plexus, and root avulsions. The U.S. accounts for approximately 3.0% of all trauma cases and 5% of plexus and root avulsions cases globally. In Canada and US the primary cause of nerve damage is motor vehicle accidents, annually, 26-46% people in US, 52% in Toronto, 43% in Brazil and 26.9 % in Turkey suffers from nerve damage. Moreover, presence of key market players in the region is also helping in expansion of nerve repair & regeneration market. After North America, Europe dominates the nerve repair & regeneration market due to its increasing prevalence of trauma cases annually. As per the estimates, Europe accounts for about 300,000 cases of traumatic PNI per annum. Asia Pacific nerve repair & regeneration market is expected to grow at a significant rate over the forecast years due to the presence of key market players, improvement in healthcare infrastructure, and technological advancements especially in countries like China and India. Moreover, increasing cases of accidents and trauma are aiding in the growth of nerve repair & regeneration market. For instance in India, trauma is one of the leading causes of death and disability with 400,000 road crashes, 85,000 deaths, and 1.2 million seriously injured cases annually.
Launch of newer products, and strategic alliances are the key strategies adopted by market players

Global nerve repair & regeneration market further reveals that the key player’s increasingly adopting strategies such as launch of new products for treatment, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, in October, Integra announced the acquisition of Codman Neurosurgery business from Johnson & Johnson for $1.045 billion.
In 2017, Polyganics and MicroAire sign exclusive distribution agreement for nerve repair portfolio in the US, Canada and Puerto Rico. Furthermore, in November 2017, AxoGen announced the commercial release and first clinical implant of Avive soft tissue membrane.

Key player’s profiles in the report are Stryker Corporation (United States), AxoGen, Inc. (United States), Integra Life Sciences Holdings Corporation (United States), and Polyganics BV (Netherlands).

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Detailed Segmentation of Nerve Repair & Regeneration Market:

By Product Type
• Nerve Grafts
o Autograft
o Allograft
• Nerve Wrap
• Nerve Conduit
• Direct Repair

Geography

o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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