The Nerve Repair And Regenerative Global Market Report 2023, provides comprehensive information on the nerve repair and regenerative market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global nerve repair and regenerative market is expected to grow from $8.13 billion in 2022 to $8.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.18%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nerve repair and regenerative market is expected to reach $13.39 billion in 2027 at a CAGR of 10.57%.
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Product innovation has emerged as a key trend gaining popularity in the nerve repair and regenerative market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in August 2022, Abbott, a US-based medical device company received United States FDA approval for ProClaim plus spinal cord stimulation system featuring FlexBurst therapy. It is designed to provide relief for individuals experiencing chronic pain associated with various conditions, including certain nerve-related disorders. The ProClaim Plus system offers the advantage of treating multi-site pain and thus physicians can target multiple pain sites to address the complex pain patterns associated with certain neuro disorders. This approval signifies an advancement in the field of pain management and aims to enhance the quality of life by reducing pain and improving overall well-being.
The nerve repair and regenerative market is segmented:
1) By Product: Biomaterials, Neurostimulation And Neuromodulation Devices
2) By Application: Direct Nerve Repair/Neurorrhaphy, Nerve Grafting, Stem Cell Therapy, Neurostimulation And Neuromodulation Surgeries, Other Applications
3) By End-Users: Hospitals And Clinics, Ambulatory Surgical Centers (ASCs), Research And Academic Institutions, Specialty Clinics, Other End-Users
North America was the largest region in the nerve repair and regenerative market in 2022.
The table of contents in TBRC’s nerve repair and regenerative market report includes:
1. Executive Summary
2. Nerve Repair And Regenerative Market Characteristics
3. Nerve Repair And Regenerative Market Trends And Strategies
4. Nerve Repair And Regenerative Market – Macro Economic Scenario
5. Nerve Repair And Regenerative Market Segmentation
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26. South America Nerve Repair And Regenerative Market
27. Brazil Nerve Repair And Regenerative Market
28. Middle East Nerve Repair And Regenerative Market
29. Africa Nerve Repair And Regenerative Market
30. Nerve Repair And Regenerative Market Competitive Landscape And Company Profiles
Top Major Players:
- Neuronetics Inc
- Abbott Laboratories
- Medtronic PLC
- Stryker Corporation
- Baxter International Inc
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