Nerve Repair and Regeneration Market Valuation Worth USD 11.62 Billion in 2027 | Emergen Research

Increasing prevalence neurodegenerative disorders, rising geriatric population, and high focus on developing advanced nerve repair and regeneration devices are some factors expected to drive global market growth   

According to Emergen Research, the global nerve repair and regeneration market size was USD 6.05 billion in 2019 and is expected to reach USD 11.62 billion in 2027 and register a steady revenue CAGR of 9.0% during the forecast period, 2020-2027.

Market Dynamics:

Nerve repair and regeneration is a complex biological and neural tissue engineering process used for treating nerve injury by facilitating the regrowth of new neurons, axons, synapses, and glial cells. It also helps in restoring nerve damage caused by blunt trauma, pressure, stretching, or cutting of a nerve. Various products such as neuromodulators, biomaterials, and neurostimulation devices are used for treating traumatic and neurological diseases such as Alzheimer’s, Parkinson’s, multiple sclerosis, epilepsy, lateral sclerosis, and multiple system atrophy. Factors such as technological advancements in neurological devices, improving healthcare infrastructure, availability of favorable reimbursement schemes, and rising investments in R&D activities are expected to drive global market revenue growth during the forecast period.

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However, high costs associated with nerve repair and regeneration devices and equipment, inaccessibility to latest devices due to budget constraints, and availability of alternative drug therapies are some key factors that can hamper overall market growth to a certain extent during the forecast period. 

COVID-19 Impact Analysis 

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants continue to cause concerns and impact normal routines

Neurostimulation and Neuromodulation Devices Segment to Account for Largest Revenue Share:

The neurostimulation and neuromodulation devices segment is expected to account for largest revenue share over the forecast period. This can be attributed to increasing incidence of neurological diseases, rising availability of various advanced neurostimulation and neuromodulation devices such as sacral nerve stimulation devices, spinal cord stimulation devices, and gastric electric devices, and increasing overall healthcare spending. 

Stem Cell Therapy Segment To Register Rapid Revenue Growth:

The stem cell therapy segment is expected to register rapid revenue growth between 2020 and 2027. Factors such as rising number of brain and spinal cord surgeries, rapid adoption of advanced neurostimulation and neuromodulation devices across medium to large scale hospitals, and rising investments in stem cell research are expected to drive revenue growth of the segment during the forecast period. 

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North America to Lead In Terms of Revenue Share:

North America is expected to dominate other regional markets in terms of revenue share during the forecast period owing to factors such as increasing prevalence of neurological disorders, rising geriatric population, rapid adoption of latest technologies and devices, and presence of well-developed healthcare infrastructure. Other factors such as presence of leading players, availability of favorable reimbursement schemes, and increasing public awareness are expected to drive North America market growth during the forecast period. 

Major Companies in the Market Include:

  • Abbott Laboratories
  • Medtronic, Plc
  • Boston Scientific Corporation
  • Baxter International, Inc.
  • Livanova, Plc.
  • Axogen, Inc.
  • Stryker Corporation
  • Cyberonics, Inc.
  • Integra Lifesciences
  • Soterix Medical, Inc.

For the purpose of this report, Emergen Research has segmented the global nerve repair and regeneration market on the basis of product, surgery, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Neurostimulation and Neuromodulation Devices
    • Sacral Nerve
    • Spinal Cord
    • Vagus Nerve
    • Gastric Electric
    • Deep Brain Stimulation Devices
  • Biomaterial

Surgery Outlook (Revenue, USD Billion; 2017-2027)

  • Stem Cell Therapy
  • Direct Nerve Repair
  • Nerve Grafting
  • Neurostimulation and Neuromodulation Surgeries

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Regional Outlook (Revenue, USD Billion; 2017–2027)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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