Transparency Market Research, in a report, titled “Nerve Repair & Regeneration Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019,” studies at length the contribution, scope, and dynamics of the global nerve repair and regeneration market. The comprehensive report indicates that a rapidly aging population across the globe, various technological advancements in the field of neurology, the extensions in target applications, and the availability of favorable reimbursement policies have significantly fueled the nerve repair and regeneration market. These factors are anticipated to drive the market to expand at a healthy growth rate during the forecast period.
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The process of nerve repair and regeneration involves various biomaterials and neuromodulation and neurostimulation devices, the demand for which has been increasing with the development of novel therapies and improving opportunities in emerging markets. These devices and materials are used in stem cell therapy, nerve grafting, direct nerve repair, and neuromodulation and neurostimulation surgeries. The rising incidence of neurological disorders and peripheral nerve injuries is one of the major factors driving the market for nerve repair and regeneration.
The challenges that players within this market face include the lack of professionals and trained surgeons, inadequate patient awareness, stringent regulatory frameworks in several countries, and donor site morbidity.
The report examines the global nerve repair and regeneration market on the basis of several key criteria, such as product, application, and region. Each category and sub-category has been thoroughly scrutinized to identify the leading segments and the weaker links. Insight into the areas that have proven to be most profitable to the nerve repair and regeneration market allows clients to formulate future expansions in terms of product and region.
Based on geography, the global market for nerve repair and regeneration can be divided into Asia Pacific, North America, Europe, and Rest of the World. North America is presently one the leading markets for nerve repair and regeneration around the world, riven mainly to the rising incidence of nerve injuries and a massive patient pool. The availability of high-quality healthcare infrastructure and favorable reimbursement policies are also responsible for the growth of the North America nerve repair and regeneration market. The emerging market of Asia Pacific is forecast to witness significant growth over the coming years owing to the increasing awareness about nerve repair and regeneration among the general population, the development of innovative technologies, and the rise in healthcare spending.
There are a number of players competing in the global nerve repair and regeneration market. These include Cyberonics, Inc., Medtronic, PLC., Integra Lifesciences Holdings Corporation, Stryker Corporation, Orthomed S.A.S., Polyganics B.V., Axogen, Inc., Baxter International Inc., St. Jude Medical, Inc., and Boston Scientific Corporation. The research report identifies the most prominent players operating in this space and assesses them based on aspects such as company and financial overview, product portfolio, business strategies, and recent development.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.Editor's Details
Last updated on: 30/09/2016
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