According to the report released by Credence Research, Inc. " — Peripheral Nerve Repair Devices Market-Growth, Future Opportunities and Competitive Analysis, 2017-2025," the global market for peripheral nerve repair devices is projected to grow at CAGR by 11.1 percent.
Market insights Peripheral nerve injury is a physically disabling condition that affects 13-23 per 100,000 people per year and having an adverse socio-economic impact. Trauma, accidents, neurological syndrome affect the structural and functional state of the nerves that require surgical interventions to recover their function. The treatment mode depends on the severity of the condition as well as the amount of nerve gap or defect. Nerve autografts are the most widely considered treatment for nerve injury, but the market is growing with new product innovation for successful nerve repair and axonal growth.
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The increasing incidence of peripheral nerve injury worldwide is the primary driver of global peripheral nerve repair devices. Increasing awareness of health with the rising demand of surgical interventions drives market growth. Developing healthcare infrastructure and increasing the prevalence of neurological disorders are boosting peripheral nerve repair devices market growth. However, full functional recovery is not often achieved even after surgical intervention, which further indicates the need for a developed approach. Currently, there are many cell-based therapies in clinical trials that are supposed to diminish complications associated with present nerve regeneration techniques and may hinder the growth of the market for peripheral nerve repair devices over the coming years. The market potential for peripheral nerve repair devices is higher, although market penetration is still lower and the market is expected to grow in forecast periods as a result of target application and surgical advancement.
The peripheral nerve repair devices market has been segmented on the basis of device type (nerve grafts, nerve protectors and nerve conduits), where nerve grafts and nerve conduits collectively contribute significant growth to the peripheral nerve devices market as a result of improved bridging of nerve gaps with efficient results and minimal complications. Biologically degradable conduits are mostly becoming popular as a result of lower immunological reactions, whereas synthetic conduits need to be removed once the nerve is healed.
In 2016, North America dominated the global market for peripheral nerve repair devices in terms of revenue due to the maximum number of procedures performed in the United States. The growing elderly population along with increasing incidences of peripheral nerve injury are driving the peripheral nerve repair devices market to grow largely. The Asia Pacific is also expected to witness significant growth with rising incidences and the development of healthcare infrastructure.
Chief players operating in the peripheral nerve repair device market include:
Synovis Micro Companies Alliance, Inc.,
Integra LifeSciences Corporation,
Toyobo Co., Ltd. and others.
By Devices Type:
Other Peripheral Nerve Repair Devices (Fibrin glue, Suture)
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Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.5. Approach Adopted
Chapter 2. Executive Summary
Chapter 3. Peripheral Nerve Repair Devices Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Peripheral Nerve Repair Devices: Future Trends
3.6. Porter’s Analysis
3.7. Attractive Investment Proposition, by Geography, 2016
3.8. Major Agreements, Partnerships and Collaborations
3.9. Competitive Landscape
3.9.1. Competitive Landscape, by Key Players, 2016
Chapter 4. Global Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
4.1.1. Attractive Investment Proposition: Global Peripheral Nerve Repair Devices Market, by Device Type, 2016
4.2. Nerve Grafts
4.3. Nerve Protectors
4.4. Nerve Conduit
4.4.1. Nerve Guides
4.4.2. Nerve Connector
4.4.3. NeuroTube Device
4.5. Other Peripheral Nerve Repair Devices
Chapter 5. Global Peripheral Nerve Repair Devices Market, by Geography, 2015 – 2025 (US$ Mn)
5.2. North America Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.3. Europe Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.4. Asia Pacific Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.5. Latin America Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.6. Middle East & Africa (MEA) Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
Chapter 6. Company Profiles
6.1. Axogen Inc.
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Product Portfolio
6.1.4. Key Developments
6.2. Integra LifeSciences Corporation
6.3. Medovent GmbH
6.6. Synovis Micro Companies Alliance, Inc.
6.7. Toyobo Co., Ltd.
Browse the full report Peripheral Nerve Repair Devices Market - Growth, Future Prospects and Competitive Analysis, 2017–2025 report at https://www.credenceresearch.com/report/peripheral-nerve-repair-devices-market
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