This report provides exclusive insights into the COVID-19 impact on the Peripheral Nerve Repair Devices Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Peripheral Nerve Repair Devices Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Peripheral Nerve Repair Devices Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
peripheral nerve repair devices market provides in-depth analysis of segments
and sub-segments in the global as well as regional peripheral nerve repair
devices market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional peripheral nerve repair devices
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global peripheral nerve
repair devices market. According to the report, the global peripheral nerve
repair devices market is projected to grow at a CAGR of 11.0% over the forecast
period of 2019-2025.
Market Insight
Peripheral nerve injuries consist of various conditions
where one or more peripheral nerves are damaged and lead to neurological
deficits. Some systematic diseases such as diabetes, autoimmune disease and
localized damages such as trauma, tumors cause peripheral nerve injury. The
type of treatment depends on the amount of gap in the nerves and severity of
the condition.
The rising incidences of peripheral nerve injury across the
world will augment the growth of the peripheral nerve repair devices market. Around
20 million people in America suffer from peripheral nerve injury caused by
medical disorders and trauma. Nerve injuries cost around $150 billion in annual
healthcare dollars in the United States. Further, the increasing clinical
trials in nerve repair boost market development. The growing healthcare awareness and
increasing demand for surgical inventions propel the growth of the peripheral
nerve repair devices market. Additionally, the surge in the prevalence of
neurological disorders is one of the major factors contributing to the growth
of the peripheral nerve repair devices market. As per the report by the World
Health Organization, every year nearly 6.8 million people die due to
neurological disorders. Additionally, the growing geriatric population
worldwide boosts the expansion of peripheral nerve repair devices market. Older
people are more susceptible to have peripheral nerve injury. Furthermore, the
rising prevalence of diabetes contributes to the expansion of the peripheral
nerve repair market. As per the International Diabetes Federation, in 2019,
there were around 463 million people having diabetes and the number is expected
to reach 700 million by 2045. On the flip side, cell-based therapies that
reduce the risk of complications associated with the current techniques hinder
the growth of the peripheral nerve repair devices market. Moreover,
technological development with product innovations creates several
opportunities for the growth of the peripheral nerve devices market.
Geographically, the global peripheral nerve repair devices
market is divided into North America, Asia-Pacific, Europe, and the Rest of the
World. North America is expected to hold the largest share in the global
peripheral nerve repair devices market. The growing research and development
activities in the field of neurological diseases, rise in disposable income,
and increasing awareness about various regenerative medicines in North America
contribute to the expansion of peripheral nerve repair devices market in the
region. Europe is anticipated to be the second-largest market for the
peripheral nerve repair devices market. The rising adoption of advanced medical
devices and growing awareness about the available treatment options led to
market development in Europe. Asia-Pacific region has a healthy CAGR in the
global peripheral nerve repair devices market over the forecast period. The
growing geriatric population and rising initiatives by the government towards
healthcare in the Asia-Pacific region promotes the development of peripheral
nerve repair devices market in the region.
Segment Covered
The report on global peripheral nerve repair devices market
covers segments such as product type, and application. On the basis of product
type, the sub-markets include nerve protectors, nerve conduits, nerve grafts,
and other product types. On the basis of application, the sub-markets include
extremity trauma, breast neurotisation, carpal and cubtial tunnel revision, and
oral and maxillofacial.
Companies Profiled:
The report provides profiles of the companies in the market
such as AxoGen Inc., Medovent GmbH, Integra LifeSciences Holdings Corporation,
Polyganics, Toyobo Co., Ltd., Synovis Micro Companies Alliance Inc., Stryker
Corporation, Abbott Laboratories, Boston Scientific Corporation, LivaNova PLC,
and Other companies.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical tools
such as Porter's five forces analysis and DRO analysis of peripheral nerve
repair devices market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.