PUBLISHER: Grand View Research | PRODUCT CODE: 1750843
PUBLISHER: Grand View Research | PRODUCT CODE: 1750843
The global nerve wrap market size was estimated at USD 198.31 million in 2024 and is projected to grow at a CAGR of 9.13% from 2025 to 2030. This market growth is largely attributed to the increasing prevalence of peripheral nerve injuries (PNIs) and the rising adoption of advanced surgical solutions for nerve repair.
Nerve wraps are increasingly used to prevent scar tissue formation and to promote optimal nerve regeneration post-surgery. According to Barrow Neurological Institute, most PNIs occur in the upper extremities, particularly the wrists and hands, where nerve wraps have demonstrated clinical efficacy in improving patient outcomes. As healthcare providers prioritize minimally invasive and effective nerve repair strategies, the demand for nerve wraps is expected to rise steadily throughout the forecast period.
The growing number of traumatic injuries, surgical procedures, and nerve compression syndromes, such as carpal tunnel syndrome, has significantly increased the demand for nerve protection and regeneration solutions such as nerve wraps. According to a report published by the National Institutes of Health (NIH), in October 2022, approximately 2.4% of the global population is affected by peripheral nerve disorders, with the prevalence rising to 8% among older adults. Moreover, according to a report by NIH in August 2023, nerve compression syndrome is a commonly reported condition in the general population, with severity ranging from mild discomfort to severe impairment.
Chronic conditions such as diabetes are major contributors to nerve damage, often resulting in neuropathy. The global rise in diabetes prevalence, particularly type 2 diabetes, is directly correlated with an increasing demand for nerve repair and protective solutions. As per the Cleveland Clinic, Type 2 diabetes is the most common form, representing 90% to 95% of all diabetes cases, driving the nerve wrap market growth.
Minimally invasive surgical methods are increasingly preferred in peripheral nerve repair because of advantages such as reduced infection risk, faster recovery, and lower postoperative pain. Nerve wraps enhance these processes by covering the repaired nerve, lessening tension, and inhibiting scar tissue formation, resulting in enhanced functional recovery and long-term results. These advancements enhance safer and more effective surgeries and encourage broader nerve wrap application in clinical settings.
Global Nerve Wrap Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2025 to 2030. For this study, Grand View Research has segmented the global nerve wrap market report based on surgery, application, and region.