Market Research Report
Nerve Repair and Regeneration - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939189|
|Published||Content info||121 Pages
Delivery time: 2-3 business days
|Nerve Repair and Regeneration - Global Market Outlook (2018-2027)|
|Published: May 1, 2020||Content info: 121 Pages||
According to Stratistics MRC, the Global Nerve Repair and Regeneration market is accounted for $6.46 billion in 2018 and is expected to reach $21.68 billion by 2027 growing at a CAGR of 14.4% during the forecast period. Some of the key factors propelling the market growth are technological developments for nerve repair and regeneration and increase in healthcare expenses by government with sympathetic policies. However, be elevated price associated with the devices is the restraining factor for the growth of the market.
Nerve repair and regeneration (nrar) market is a technique which engage generation of latest neurons, glial cells, myelin, synapses and axons. It is a separation of neural tissue engineering. In nerve repair and regeneration, redevelopment or repair of nervous tissues, cellular products or cells is carried out.
By product, neurostimulation and neuromodulation devices segment is expected to grow at the significant market share during the forecast period due to mounting incidence of peripheral nerve injuries, technological development in the field, and sympathetic reimbursement policies are expected to drive the growth of this market segment in the next five years. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to boost in number of patients suffering from chronic diseases, and increase in government initiatives for the development of healthcare services in the region.
Some of the key players in Nerve Repair and Regeneration Market include Abbott Laboratories, Axogen, Baxter, Boston Scientific, Integra Lifesciences, Livanova, Medtronic, Neuropace, Nevro, Nuvectra, Orthomed, Polyganics and Stryker.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances