Peripheral Nerve Repair Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022 to 2028

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Peripheral Nerve Repair Market: By Device Type (Nerve Grafts, Nerve Protectors, Nerve Conduit, and Others), By Application (Extremity Trauma, Breast Neurotization, Carpal and Cubital Tunnel Revision, Oral and Maxillofacial), and by Geography

 

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Report

Description

Peripheral Nerve Repair Market size was valued at USD 7,172.9 million in 2021 and is poised to grow at a significant CAGR of 8.3% over 2022–2028. In contrast to other tissues in the body, peripheral nerve regeneration is a slow and often imperfect process. Trauma, neurological condition, and accidents can induce peripheral nerve injury, which affects the nerves’ functional and structural state and necessitates surgical intervention for recovery. The harm to the peripheral nerves can be moderate or severe. Damage to the insulation and fibers of the nerve causes severe nerve injury, which is challenging to treat and recover from. Mostly the radial nerve is the most considerable injured, and it usually happens when the humerus bone is fractured. The severity of the neuronal injury is divided into five categories. The treatment method is determined by the size of the gap or any defect in the nerves and the severity of the condition. Recent surgical breakthroughs have shown encouraging results in proximal nerve damage. Furthermore, molecular and bioengineering techniques are being developed to circumvent the biological obstacles that are preventing patients from recovering. The peripheral nerve repair market is predicted to be driven by product innovations and technological advancements in nerve healing and axonal growth. The rising prevalence of extremities damage, breast neurotization, and carpal and cubital tunnel revision procedures are all boosting demand for peripheral nerve restoration devices. This has resulted in a greater need for peripheral nerve repair devices in a variety of applications, including extremities damage, breast neurotization, carpal tunnel revision surgery, and cubital tunnel revision surgery. The worldwide peripheral nerve repair market is predicted to rise significantly over the forecast period. Mergers and acquisitions by prominent industry players are also likely to drive market expansion. For example, AxoGen, a leading nerve regeneration firm based in the United States, teamed with LifeNet Health, a leading allograft bio-implants company, to produce advanced nerve grafts. This collaboration is projected to improve patient access to therapy for peripheral nerve disorders, driving growth in the worldwide peripheral nerve repair market.

Recent Market Developments:

In 2020, Medtronic received CE approval for InterStim Micro neurostimulator and InterStim SureScan MRI leads clearing the technologies for commercial sale and clinical use in Europe.

Peripheral Nerve Repair Market

MARKET SUMMARY
-
8.9%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 8.3%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Peripheral Nerve Repair Market

  • The report on global peripheral nerve repair market gives historical, current and future market sizes (US$ Bn) based on by technique, by application and region.
  • peripheral nerve repair market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • Key stakeholders of the global peripheral nerve repair market report include suppliers, manufacturers, marketers, and policy makers engaged in global peripheral nerve repair products.
Key Players
  • AxoGen, Inc.
  • Integra LifeSciences Holdings Corporation
  • Boston Scientific Corporation
  • Medtronic PLC
  • Polyganics BV
Peripheral Nerve Repair Market Dynamics

The peripheral nerve repair devices market has grown due to key reasons such as increased operations with an increase in nerve damage and neurological illnesses. Similarly, the rising surgery rate has resulted in a strong need for surgical intervention, propelling the market forward. Factors such as the rising occurrence of injuries, the aging population, and technological improvements drive the peripheral nerve repair devices market. The increasing incidence of road traffic incidents worldwide, combined with rising disposable income levels, is predicted to generate considerable growth prospects for market competitors. Furthermore, the development of cell-based medicines is a significant market problem. Potential health consequences of the surgery and nerve size mismatch are anticipated to limit the market growth.


North-America Got Significant Share

Peripheral Nerve Repair Market

The peripheral nerve repair market in North America is likely to hold the highest revenue share in 2022, and in the following years, it is predicted to increase rapidly. As a result of the region's improving healthcare sector, the presence of significant peripheral nerve repair market companies with technologically improved equipment is widely available in this region is expected to boost market expansion, as is increasing government funding for neurologic disorders. Furthermore, the government's growing activities and financing in this region add to the market's growth. However, due to a growing geriatric population, Asia Pacific is expected to develop at a quicker CAGR throughout the projection period. The market in this region is growing in tandem with rising healthcare spending.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Peripheral Nerve Repair Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The peripheral nerve repair market is projected to expand at a CAGR of 8.3% during the forecast period

Abbott Laboratories, Boston Scientific Corporation, Medtronic, PLC., Collagen Matrix, Inc., BioWave Corporation, NeuroSigma

North America is the fastest-growing region for peripheral nerve repair market


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Peripheral Nerve Repair Market Introduction
    • Global Peripheral Nerve Repair Market – Taxonomy
    • Global Peripheral Nerve Repair Market –Definitions
      • By Technique
      • By Region
  1. Global Peripheral Nerve Repair Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Peripheral Nerve Repair Market Dynamic Factors – Impact Analysis
    • Global Peripheral Nerve Repair Market – Competition Landscape
  2. Global Peripheral Nerve Repair Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022
    • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Peripheral Nerve Repair Market, By Technique, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • Allografts
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Autografts
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Nerve Conduit
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Direct Repair
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Peripheral Nerve Repair Market Forecast, By Region, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Peripheral Nerve Repair Market – Opportunity Analysis Index, By Technique and Region, 2019 – 2022
  2. North America Peripheral Nerve Repair Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • Technique Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Allografts
      • Autografts
      • Nerve conduit
      • Direct Repair
      • Others
    • Country Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Peripheral Nerve Repair Market – Opportunity Analysis Index, By Technique and Country, 2019 – 2022
    • North America Peripheral Nerve Repair Market Dynamics – Trends
  3. Europe Peripheral Nerve Repair Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • Technique Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Allografts
      • Autografts
      • Nerve conduit
      • Direct Repair
      • Others
    • Country Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Peripheral Nerve Repair Market – By Technique and Country, 2019 – 2022
    • Europe Peripheral Nerve Repair Market Dynamics – Trends
  4. Asia-Pacific Peripheral Nerve Repair Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • Technique Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Allografts
      • Autografts
      • Nerve conduit
      • Direct Repair
      • Others
    • Country Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Peripheral Nerve Repair Market – Opportunity Analysis Index, By Technique and Country, 2019 – 2022
    • Asia-Pacific Peripheral Nerve Repair Market Dynamics – Trends
  5. Latin America Peripheral Nerve Repair Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • Technique Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Allografts
      • Autografts
      • Nerve conduit
      • Direct Repair
      • Others
    • Country Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Peripheral Nerve Repair Market – Opportunity Analysis Index, By Technique and Country, 2019 – 2022
    • Latin America Peripheral Nerve Repair Market Dynamics – Trends
  6. Middle East and Africa Peripheral Nerve Repair Market Analysis, 2012 – 2018 and Forecast, 2019 – 2022 (Revenue, USD Mn)
    • Technique Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Allografts
      • Autografts
      • Nerve conduit
      • Direct Repair
      • Others
    • Country Analysis 2012 – 2018 and Forecast 2019 – 2022 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Peripheral Nerve Repair Market – Opportunity Analysis Index, By Technique and Country, 2019 – 2022
    • MEA Peripheral Nerve Repair Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • AxoGen, Inc. (US)
      • Integra LifeSciences Holdings Corporation (US)
      • Boston Scientific Corporation (US)
      • Medtronic PLC (Ireland)
      • Polyganics BV (Netherlands)
      • Collagen Matrix Inc (US)
      • Stryker Corporation (US)
      • Baxter International Inc. (US)
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • AxoGen, Inc. (US)
  • Integra LifeSciences Holdings Corporation (US)
  • Boston Scientific Corporation (US)
  • Medtronic PLC (Ireland)
  • Polyganics BV (Netherlands)
  • Collagen Matrix Inc (US)
  • Stryker Corporation (US)
  • Baxter International Inc. (US).

Description

Peripheral Nerve Repair Market size was valued at USD 7,172.9 million in 2021 and is poised to grow at a significant CAGR of 8.3% over 2022–2028. In contrast to other tissues in the body, peripheral nerve regeneration is a slow and often imperfect process. Trauma, neurological condition, and accidents can induce peripheral nerve injury, which affects the nerves’ functional and structural state and necessitates surgical intervention for recovery. The harm to the peripheral nerves can be moderate or severe. Damage to the insulation and fibers of the nerve causes severe nerve injury, which is challenging to treat and recover from. Mostly the radial nerve is the most considerable injured, and it usually happens when the humerus bone is fractured. The severity of the neuronal injury is divided into five categories. The treatment method is determined by the size of the gap or any defect in the nerves and the severity of the condition. Recent surgical breakthroughs have shown encouraging results in proximal nerve damage. Furthermore, molecular and bioengineering techniques are being developed to circumvent the biological obstacles that are preventing patients from recovering. The peripheral nerve repair market is predicted to be driven by product innovations and technological advancements in nerve healing and axonal growth. The rising prevalence of extremities damage, breast neurotization, and carpal and cubital tunnel revision procedures are all boosting demand for peripheral nerve restoration devices. This has resulted in a greater need for peripheral nerve repair devices in a variety of applications, including extremities damage, breast neurotization, carpal tunnel revision surgery, and cubital tunnel revision surgery. The worldwide peripheral nerve repair market is predicted to rise significantly over the forecast period. Mergers and acquisitions by prominent industry players are also likely to drive market expansion. For example, AxoGen, a leading nerve regeneration firm based in the United States, teamed with LifeNet Health, a leading allograft bio-implants company, to produce advanced nerve grafts. This collaboration is projected to improve patient access to therapy for peripheral nerve disorders, driving growth in the worldwide peripheral nerve repair market.

Recent Market Developments:

In 2020, Medtronic received CE approval for InterStim Micro neurostimulator and InterStim SureScan MRI leads clearing the technologies for commercial sale and clinical use in Europe.

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