The new report “North America Nerve Regeneration and Repair Market,
By Type (Biomaterials (Nerve Conduits, Nerve Protectors, Nerve Wraps, Nerve
Connectors), Neurostimalation (Internal (SCS, DBS, VNS, SNS, GES), External
(TENS, TMS, RES))), By Indication (Failed Back Surgery Syndrome, Parkinson’s
disease, Urinary Incontinence, Epilepsy, Gastroparesis, Nerve Repair
(Epineural, Perineural, Group Fascicular Repair), Grafting (Autograft,
Allograft, Xenograft)), By End-User (Hospitals, Neurology Clinics, Home
Healthcare, Community Healthcare), By Country (U.S., Canada, Mexico)” – Trends
and Forecast to 2024
The North
America nerve regeneration and repair market has accounted to USD 4.0
billion in 2016, growing at the CAGR of 11.7% in the forecast period 2017 to
2024.
The
exponentially rising incidence of peripheral nerve injuries and neurological
disorders is a major growth driver for this market. Also, technological
development in nerve repair and favorable reimbursement policies will drive the
market in the forecast period 2016 to 2024.
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North America Nerve
Regeneration and Repair Market Segmentation:
The nerve regeneration and repair market is segmented into based on
product type, indication, end-user and geography.
On the basis of product types the market is segmented into 2 type’s
biomaterial and neurostimulation segments. The neurostimulation segment
dominates the market and is further classified into internal and external
neurostimulation devices. Internal neurostimulation devices is further
segmented into spinal cord stimulator (SCS), deep brain stimulator (DBS), vagus
nerve stimulator (VNS), sacral nerve stimulator (SNS) and gastric nerve
stimulator (GNS). External neurostimulation devices market is further segmented
into transcutaneous electrical nerve stimulation (TENS), transcranial magnetic
stimulation (TMS) and respiratory electrical stimulation (RES). Internal neurostimulation
dominates the market owing to its greater acceptance in the clinical field and
more success in pain management. The biomaterials segment is further
categorized based on product types into nerve conduits, nerve protectors, nerve
wraps and nerve connectors.
The market is further segmented based on indications into failed
back surgery syndrome, conditional regional pain syndrome, eschemia,
Parkinson’s disease, Alzheimer’s, urinary incontinence, faecal incontinenece,
epilepsy, gastroparesis, nerve repair, nerve grafting and others. Nerve repair
segment is further segmented based on repair type into epineural repair,
perineural repair and group fascicular repair. Nerve grafting segment is also
further segmented based on graft types into autograft, allograft and xenograft.
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Based on country the nerve regeneration and repair market is
segmented into 3 countries, U.S., Canada and Mexico. U.S. is the largest market
in North America and is expected to account a market share of 91.7% in 2016
owing to increased population with insurance coverage after the launch of Obama
Care and Patient Protection & Affordable Care Act (PPACA). The number of
elderly insured people in U.S. is expected to reach 30 million and above by
2024. This is expected to drive the growth of this market in the forecast
period.
North America Nerve
Regeneration and Repair Market Competitive Analysis:
The North America nerve
regeneration and repair market report contains an in-depth profiling of the
key market players, along with the recent developments (New product launches,
partnerships, agreements, collaborations, and joint ventures) and strategies
adopted by them to sustain and strengthen their positions in the market. Some
of the major players operating in this market are Medtronic, AxoGen Inc.,
Boston Scientific Corporation, Baxter International, Checkpoint Surgical Inc.,
St. Jude Medical, Inc., Integra Lifesciences Corporation, Nevro Corporation,
Orthomed S.A.S., Collagen Matrix, Inc., Cyberonics, Inc. Polyganics B.V. and
Stryker Corporation among other companies.
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