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Research details developments in the nerve repair biomaterials market forecast to 2024

Medical Market Research

Nerve Repair Biomaterials Market, By Product Type (Nerve Repair (Nerve Conduit, Nerve Graft (Allograft, Acellularized Allograft)), Nerve Protection (Nerve Protectors, Nerve Wrap), By Injury Type (Epineural Nerve Repair, Perineural Nerve Repair, Group Fascicular Repair), By End User (Hospital, Clinics, Ambulatory Trauma Centers) – Trends and Global Forecast to 2024


Data Bridge Market Research provides New Report titled “Global Nerve Repair Biomaterials Market Make an Inquiry about this news is expected to reach USD 775.59 million by 2024 from USD  326.71 million in 2016, at a CAGR of 11.5% in the forecast period 2017 to 2024. The new market report contains data for historic year2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.”, also the Global Nerve Repair Biomaterials Market, By Product Type (Nerve Repair (Nerve Conduit, Nerve Graft (Allograft, Acellularized Allograft)), Nerve Protection (Nerve Protectors, Nerve Wrap), By Injury Type (Epineural Nerve Repair, Perineural Nerve Repair, Group Fascicular Repair), By End User (Hospital, Clinics, Ambulatory Trauma Centers), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa, Rest of the World) – Trends and Forecast to 2024.

 

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With the increasing geriatric population, rising number of nerve injuries and nerve surgeries, increasing incidence of neurological disorders, favorable reimbursement policies, and increased government funding the global nerve repair biomaterials market is witnessing a rapid growth. On the other hand, lack of awareness, high cost of treatment and need for skilled professionals and surgeons may hinder the growth of the market.


Nerve Repair Biomaterials Market Segmentation:

  • The global nerve repair biomaterials market is witnessing a rapid growth due to increasing geriatric population, high incidence of nerve injuries and neurological disorders, favorable reimbursement policies, and increased government funding. The demand for nerve repair biomaterials is increasing in hospitals followed by ambulatory trauma centres due to increasing aging population and rising number of nerve injuries and nerve surgeries.
  • Based on product type, the global nerve repair biomaterials market is segmented into nerve repair and nerve protection. In 2016, nerve repair dominated the market with a share of 74.5% and is expected to dominate the market in the future.
  • The global nerve repair biomaterials market is further segmented into nerve conduits and nerve grafts. In 2017, the nerve conduits segment is expected to account for the largest share. Nerve repair graft is further segmented into allograft and acellularized allograft. Nerve protection market is segmented into nerve protector and nerve wrap. In 2016, nerve protector market dominated the market with the largest share and is expected to dominate in the forecast period 2017-2024.
  • Based on the injury type, the nerve repair biomaterials market is segmented into epineural nerve repair, perineural nerve repair, and group fascicular repair.
  • On the basis of end user, the global nerve repair biomaterials market is categorized into hospitals, clinics, and ambulatory surgical centres. In 2017, hospitals segment is expected to dominate the market in the forecast period 2017-2024.

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Nerve Repair Biomaterials Market Key Drivers:

The global nerve repair biomaterials market Make an Inquiry about this news is witnessing a rapid growth due to increasing geriatric population, rising number of nerve injuries and nerve surgeries,high incidence of neurological disorders, favorable reimbursement policies, and increased government funding.

  • The geriatric population is increasing rapidly in most of the regions due to which the incidence of peripheral nerve injuries is also increasing such as Alzheimer’s epilepsy and Parkinson’s disease.
  • The development of allograft products can bridge nerve gaps over the size of 3cm which was not a possibility using autografts.
  • Surgical advancements regarding spinal cord injury and emerging market may enhance the growth of the market in the future.
  • Technological advancements is expected to be the major driver for this market.

Nerve Repair Biomaterials Market Key Points:

Integra Life Sciences is going to dominate the injectable drug delivery market followed by Stryker Corporation and Collagen Matrix, Inc. along with others such asAxoGen, Inc., Checkpoint Surgical, Inc., Polyganics, and Synovis Micro Companies Alliance, Inc.

  • Nerve Protection market is growing with the highest CAGR.
  • Globally nerve grafts is driving the market with highest market share. However, a nerve conduit is growing with the highest CAGR.
  • Epineural nerve repair is dominating the injury nerve repair biomaterials market.

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