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.