Peripheral Nerve Repair Market is expected to reach US$ 575.7 Mn by 2022Posted by Shristi on November 13th, 2019 Analyst Speak: “The Global Peripheral Nerve Repair Market is expected to reach US$ 575.7 Mn by 2022 owing to growth in R&D for the development of newer nerve products”. The global peripheral nerve repair market is expected to reach US$ 575.7 Mn by 2022. The factors which are flourishing the growth of global peripheral nerve repair market are increase number of trauma and peripheral nerve damage cases across the globe. Causes of peripheral nerve damage include conditions such as diabetes, Guillain Barre Syndrome, and cancer along with iatrogenic injuries. Moreover, rising road accidents cases, fractures, and weapon injuries are also aiding in the expansion of global peripheral nerve repair market. Rising incidence rates of trauma and peripheral nerve damage cases is one of the major driving factors of peripheral nerve repair market during the forecast period. On the flip side, the number of peripheral nerve injury cases outweighs the product launch in the market. Only few products have been launched in the market for the treatment of peripheral nerve repair. Additionally, stringent regulatory procedure for the product approval from the FDA hampers the growth of global peripheral nerve repair market. Global peripheral nerve repair market is segmented on the basis of technique and region. Avail Sample Report of the Market @ https://www.precisionbusinessinsights.com/request-sample?product_id=37789 Allografts Dominate the Global Peripheral Nerve Repair Market Based on the technique, global peripheral nerve repair market is segmented into allografts, autografts, nerve conduit, direct repair, and others. Allografts dominate the global peripheral nerve repair market due to their higher popularity over the others. Allotransplant is the transplantation of cells, tissues, or organs to a recipient from a genetically non-identical donor of the same species. Use of nerve allografts can potentially allow functional recovery comparable to that of the nerve autografts. North America Leads the Global Peripheral Nerve Repair Market PBI’s global peripheral nerve repair market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global peripheral nerve repair market through 2012-2018 and expected to dominate over 2019-2022 owing to their increasing cases of peripheral nerve injury. In U.S.A. and Canada, the primary cause of peripheral nerve injury is motor vehicle accidents (26-46%). Additionally, technological advancement and improved healthcare facilities are also aiding in the market growth in North America. After North America, Europe leads the global peripheral nerve repair market due to increasing number of peripheral nerve injury cases, approximately 300,000 cases of peripheral nerve are reported in Europe annually. Asia Pacific peripheral nerve repair market is expected to grow at a significant rate over the forecast period. In India, trauma is one of the leading causes of death and disability with 400,000 road crashes, 85,000 deaths, and 1.2 million seriously injured cases every year. Moreover, emerging economies and development in research activities especially in China and Australia will also help to promote the global peripheral nerve repair market in APAC region. Launch of newer nerve products and strategic alliances are the key strategies adopted by market players Global peripheral nerve repair market further reveals that the key player’s increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are AxoGen, Inc. (US), Integra LifeSciences Holdings Corporation (US), Boston Scientific Corporation (US), Medtronic PLC (Ireland), Polyganics BV (Netherlands), Collagen Matrix Inc (US), Stryker Corporation (US), and Baxter International Inc. (US). For More Information @ https://www.precisionbusinessinsights.com/market-reports/peripheral-nerve-repair-market/ Precision Business Insights (PBI) in its report titled “Global Peripheral Nerve Repair Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2018 and Forecast 2019-2022” assesses the market performance over seven years forecast period over 2019-2022. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Detailed Segmentation By Technique
Geography North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
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