The latest report on Peripheral Nerve Repair Devices Market by Infinium Global Research gives complete coverage of the peripheral nerve repair devices market by product type (nerve protectors, nerve conduits, nerve grafts, and other product types), application (extremity trauma, breast neurotisation, carpal and cubtial tunnel revision, and oral and maxillofacial) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of peripheral nerve repair devices such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. The global peripheral nerve repair devices market is projected to grow at a CAGR of 11.0% over the forecast period of 2019-2025.
Get Sample Report Copy for Market Insights @ https://www.infiniumglobalresearch.com/reports/sample-request/18879
Peripheral nerve injuries consist of various conditions where one or more peripheral nerves are damaged and lead to neurological deficits. Some systematic diseases such as diabetes, autoimmune disease and localized damages such as trauma, tumors cause peripheral nerve injury. The type of treatment depends on the amount of gap in the nerves and severity of the condition.
Rising Incidences of Peripheral Nerve Injury Across the World Will Augment the Growth of the Peripheral Nerve Repair Devices Market
The rising incidences of peripheral nerve injury across the world will augment the growth of the peripheral nerve repair devices market. Around 20 million people in America suffer from peripheral nerve injury caused by medical disorders and trauma. Nerve injuries cost around $150 billion in annual healthcare dollars in the United States. Further, the increasing clinical trials in nerve repair boost market development. The growing healthcare awareness and increasing demand for surgical inventions propel the growth of the peripheral nerve repair devices market.
Additionally, the surge in the prevalence of neurological disorders is one of the major factors contributing to the growth of the peripheral nerve repair devices market. As per the report by the World Health Organization, every year nearly 6.8 million people die due to neurological disorders. Additionally, the growing geriatric population worldwide boosts the expansion of peripheral nerve repair devices market. Older people are more susceptible to have peripheral nerve injury.
Technological Development with Product Innovations Creates Several Opportunities for the Growth of the Peripheral Nerve Devices Market
Furthermore, the rising prevalence of diabetes contributes to the expansion of the peripheral nerve repair market. As per the International Diabetes Federation, in 2019, there were around 463 million people having diabetes and the number is expected to reach 700 million by 2045. On the flip side, cell-based therapies that reduce the risk of complications associated with the current techniques hinder the growth of the peripheral nerve repair devices market. Moreover, technological development with product innovations creates several opportunities for the growth of the peripheral nerve devices market.
North America is Expected to Hold the Largest Share in the Global Peripheral Nerve Repair Devices Market
Geographically, the global peripheral nerve repair devices market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold the largest share in the global peripheral nerve repair devices market. The growing research and development activities in the field of neurological diseases, rise in disposable income, and increasing awareness about various regenerative medicines in North America contribute to the expansion of peripheral nerve repair devices market in the region. Europe is anticipated to be the second-largest market for the peripheral nerve repair devices market.
The rising adoption of advanced medical devices and growing awareness about the available treatment options led to market development in Europe. Asia-Pacific region has a healthy CAGR in the global peripheral nerve repair devices market over the forecast period. The growing geriatric population and rising initiatives by the government towards healthcare in the Asia-Pacific region promotes the development of peripheral nerve repair devices market in the region.
Table of Content
Chapter – 1 Preface
Chapter – 2 Executive Summary
Chapter – 3 Global Peripheral Nerve Repair Devices Market Overview
Chapter – 4 Peripheral Nerve Repair Devices Market Macro Indicator Analysis
Chapter – 5 Global Peripheral Nerve Repair Devices Market by Product Type
- Nerve Protectors
- Nerve Conduits
- Nerve Grafts
Chapter – 6 Global Peripheral Nerve Repair Devices Market by Application
- Extremity Trauma
- Breast Neurotisation
- Carpal and Cubtial Tunnel Revision
- Oral and Maxillofacial
Chapter – 7 Global Peripheral Nerve Repair Devices Market by Region 2019-2025
- North America
Chapter – 8 Company Profiles and Competitive Landscape
- AxoGen Inc.
- Medovent GmbH
- Integra LifeSciences Holdings Corporation
- Toyobo Co., Ltd.
- Synovis Micro Companies Alliance Inc.
- Stryker Corporation
- Abbott Laboratories
- Boston Scientific Corporation
- LivaNova PLC
Chapter – 9 Appendix
- Primary Research Findings and Questionnaire
Browse Detailed TOC and Description of this Exclusive [email protected] https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-peripheral-nerve-repair-devices-market
About Infinium Global Research
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide the knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations and environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.