Nerve Repair and Regeneration Market - Forecast(2021 - 2026)

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Nerve Repair and Regeneration Market Overview

Nerve Repair and Regeneration market size was estimated at $6.35 billion in 2020, growing at a CAGR of 9.45% during the forecast period 2021-2026. Nerve repair and regeneration involve the replacement of nerve tissue, cells, and biological products that have been destroyed as the olfactory epithelium which is constantly regenerating. The brain, spinal cord, and peripheral nerves, which make up the peripheral nervous system, are vulnerable to a variety of injuries ranging from trauma to neurodegenerative disorders such as amyotrophic lateral sclerosis, Parkinson's disease, multiple sclerosis, Alzheimer's disease, and multiple system atrophy. Peripheral nerves connect the central nervous system, brain, and spinal cord to other body components including muscles and skin. These nerves are delicate and easily injured, making it difficult for the brain to connect with muscles and organs. Nerve injuries are prevalent, and they can be caused by either blunt trauma or traction injuries. The nerve repair and regeneration devices aid in the regeneration of peripheral nerve systems. Increasing incidence of neurologic disorder including Alzheimer’s disease, neuropathy, stroke and others is one of the major factors driving the growth of the market. An increasing number of geriatric population across the globe is set to further enhance the overall market development of the Nerve Repair and Regeneration Market for the period 2021-2026. 

Nerve Repair and Regeneration Market Report Coverage

The report: “Nerve Repair and Regeneration Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Nerve Repair and Regeneration Market.

By Product Type: Neurostimulation and Neuromodulation Devices, and Biomaterials
By Application: Stem Cell Therapy, Nerve Grafting, Neurostimulation and Neuromodulation Applications, and Direct Nerve Repair/Neurorrhaphy
By End User: Hospitals, Clinics, Ambulatory Surgical Centers and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • North America dominated the Nerve Repair and Regeneration Market in 2020 owing to rising improvement in healthcare sector in this region. The Nerve Repair and Regeneration Market scope for different regions will be provided in the final report.
  • Increasing government support for neurologic disorder is set to aid the market growth of the Nerve Repair and Regeneration Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the Nerve Repair and Regeneration market will be provided in the report.
  • Time-consuming approval processes and strict regulatory system is poised to create challenge for the Nerve Repair and Regeneration Market.
Nerve Repair and Regeneration Market Revenue Share, By Geography, 2020(%)

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Nerve Repair and Regeneration Market Segment Analysis – By Product Type

Based on product type, the market for Nerve Repair and Regeneration is segmented into Biomaterials and Neurostimulation and Neuromodulation Devices. Neurostimulation and Neuromodulation Devices, and Biomaterials held the largest share in the Nerve Repair and Regeneration market in 2020. Electrodes are applied to the brain, spinal cord, or peripheral nerves in neurostimulation devices. They influence every part of the body and treat almost every condition or symptom, including stroke, spinal cord injury, and others. The huge number of commercially available spinal cord devices, as well as their diverse applications. Major players are investing in the development of more productive devices which is expected to expand the Nerve Repair and Regeneration market. However, Biomaterials is estimated to register higher CAGR of 10.62% during the forecast period 2021-2026 owing to its ability to enhance and replace damaged tissue.

Nerve Repair and Regeneration Market Segment Analysis – By Application

On the basis of application, market for Nerve Repair and Regeneration is categorized in Stem Cell Therapy, Nerve Grafting, Neurostimulation and Neuromodulation Applications, and Direct Nerve Repair/Neurorrhaphy. Direct Nerve Repair/Neurorrhaphy held the largest share and also is estimated to register a higher CAGR of 11.24% during the forecast period 2021-2026. Direct Nerve Repair/Neurorrhaphy is the recommended and gold standard approach for the surgical repair of peripheral nerves. The growing incidence of neurological disorders worldwide is increasing Nerve Repair and Regeneration market. 

Nerve Repair and Regeneration Market Segment Analysis – By Geography

North America dominated the Nerve Repair and Regeneration market with a major share of 43% in 2020. This is attributed to the presence of large Nerve Repair and Regeneration market players that have technologically improved equipment are readily available in this region. Furthermore, growing initiatives and funding from the government in this region are contributing to the growth of the market in this region. 

However, Asia Pacific is estimated to grow at a faster CAGR during the forecast period 2021-2026 owing to rising geriatric population in this region. Increasing healthcare expenditure in this region is also increasing the growth of the market in this region. 

Nerve Repair and Regeneration Market Drivers

Increasing Incidence of Neurological Disorders such as Alzheimer’s Disease, Stroke and Others

The increasing incidence of a neurological disorders such as Alzheimer’s disease, and others across the globe is increasing the growth of the Nerve Repair and Regeneration Market. According to, World Health Organization (WHO), Alzheimer's disease and related dementia affects approximately 50 million people globally, with the number estimated to rise to 152 million by 2050. Additionally, growing healthcare expenditure is also practiced to increase the growth of the Nerve Repair and Regeneration market during the forecast period 2021-2026. 

Rising Government Funding for Research and Development of Neurologic Disorder

Increasing government funding for neurologic disorder disease is increasing the growth of the Nerve Repair and Regeneration market. For instance, in 2020, the Australian government is investing $21.8 million in research for treating a range of neurological disorders, including early Alzheimer’s disease, autism, and others. Moreover, rising technological advancements for nerve repair and regeneration are increasing the growth of the Nerve Repair and Regeneration Market during the forecast period 2021-2026.

Nerve Repair and Regeneration Market Challenges

Long Process For Product Approval and Lack of Skilled Professionals

The major factor that is set to impede the growth of the Nerve Repair and Regeneration market is long process for product approval. Another factor which hampers the growth of the market is lack of skilled professionals and lack of knowledge regarding nerve repair and regeneration products and techniques among patients and physicians.

Nerve Repair and Regeneration Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Nerve Repair and Regeneration Market. In 2020, the Nerve Repair and Regeneration Market share is consolidated by the top ten players present in the market. The Nerve Repair and Regeneration Market, top 10 companies are 

1. Abbott Laboratories
2. Boston Scientific Corporation
3. Medtronic, PLC.
4. Collagen Matrix, Inc.
5. BioWave Corporation
6. NeuroSigma
7. NeuroPace, Inc.
8. AxoGen, Inc.
9. LivaNova, PLC.
10. Integra LifeSciences

Development: 

In February 2020, LivaNova, US-based medical technology company collaborated with Verily, for assessing the efficacy of Vagus Nerve Stimulation Therapy (VNS Therapy) in the treatment of difficult-to-treat depression (DTD).

Relevant Titles:
Report Code: HCR 0445

Report Code: CMR 45213

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1. Nerve Repair and Regeneration Market - Overview
    1.1 Definitions and Scope
2. Nerve Repair and Regeneration Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by Application
    2.4 Key trends by End-User
    2.5 Key trends by Geography
3. Nerve Repair and Regeneration Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Nerve Repair and Regeneration Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Nerve Repair and Regeneration Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Nerve Repair and Regeneration Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Nerve Repair and Regeneration Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Nerve Repair and Regeneration Market – By Type(Market Size –$Million/$Billion)
    8.1 Neurostimulation and Neuromodulation Devices
    8.2 Biomaterials
9. Nerve Repair and Regeneration Market - By Application(Market Size –$Million/$Billion)
    9.1 Stem Cell Therapy
    9.2 Nerve Grafting
    9.3 Neurostimulation and Neuromodulation Applications
    9.4 Direct Nerve Repair/Neurorrhaphy
10. Nerve Repair and Regeneration Market - By End-User(Market Size –$Million/$Billion)
    10.1 Hospitals
    10.2 Clinics
    10.3 Ambulatory Surgical Centers
    10.4 Others
11. Nerve Repair and Regeneration Market - By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Nerve Repair and Regeneration Market - Entropy
13. Nerve Repair and Regeneration Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Nerve Repair and Regeneration Market – Key Company List by Country Premium Premium
15. Nerve Repair and Regeneration Market Company Analysis Analysis(Company Revenue, Product, M&A, Developments)
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.