Nerve repair biomaterials market is expected to rise from its initial estimated value of USD 404.71 Million in 2018 to an estimated value of USD 953.04 million by 2026, registering a CAGR of 11.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing in geriatric population and subsequent growth in the prevalence of neurological disorder.
The nerve repair biomaterials report gives knowledge to discover how to be successful and unique in this competitive market environment. And all this can be achieved by considering nerve repair biomaterials market report which enables you to distinguish the qualities and shortcoming of the competitors. Market exercises or patterns continue changing and in this light, you have to see how your competitors move. The nerve repair biomaterials market research reports offer a fundamental diagram of the techniques being utilized by them. The report investigates and talks about the development zones for every one of the innovations, recognizes the subject matters and key sellers.
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Nerve repair biomaterials are used for restoring nerves damaged.. Nerve injuries happen in in the upper (hand and arm) and lower (leg) extremities. Biomaterials are equipped with nerve conduits, nerve protectors, nerve connectors and nerve wraps. Nerve damage is happen due to high blood pressure (Diabetes), blunt/sharp trauma. Nerve repair is to regeneration of the injured nerve and removal. Nerve repair Biomaterial’s are used to restore the normal functioning of nerves.
According to World Health Organization, Up to 70% of people with diabetes have some nerve damage. An estimated 1.6 million deaths were directly caused by diabetes in 2016. This significant number is expected to act as a driver to the market growth.
Key Developments in the Market:
- In December 2018, Department of Defense has invested in Renerva. Renerva is a Nerve-repair startup this startup focus on PNM as an adjunct treatment for existing surgical procedures to repair or release traumatically or chronically injured peripheral nerves
- In December 2018, Boston Scientific acquired Millipede. Millipede is an Iris transcatheter annuloplasty focus of this to expand its structural heart portfolio.
Few of the major competitors currently working in the nerve repair biomaterial market are Stryker (US), Collagen Matrix, Inc. (US) Axogen Corporation. (US), Checkpoint Surgical, Inc. (US), Polyganics (Netherlands), Synovis Micro Companies Alliance, Inc.(US), Medtronic Plc. (US), Boston Scientific (US), Abbott (US), LivaNova PLC (UK), Baxter (US), Cyberonics, Inc. (US), Nuvectra.(US), OrthoMed, Inc.(US), Integra Software Services Pvt. Ltd.. (US),. (US). and others.
- High incidence of nerve injuries and growing prevalence of neurological disorder infants is expected to act as a driver to the market growth
- Increase in geriatric population and subsequent growth in the prevalence of neurological disorder infants is also expected to act as a driver to the market growth.
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- Lack of awareness in the developing regions is also expected to restrain the market growth
Segmentation: Global Nerve Repair Biomaterials Market
By Product Type
- Nerve Repair
- Nerve Conduits
- Nerve Grafts
- Acellularized Allografts
- Nerve Protection
- Nerve Protector
- Nerve Wrap
- Nerve Conduits
- Nerve Connectors
By Injury Type
- Epineural Nerve Repair
- Perineural Nerve Repair
- Group Fascicular Nerve Repair
- Epineural Nerve Repair Market
- Perineural Nerve Repair Market
- Perineural Nerve Repair Market
By End User
- Ambulatory Trauma Centers
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
Global nerve repair biomaterials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nerve repair biomaterials market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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