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MarketsandMarkets Presents

Nerve Repair and Regeneration Market worth $7.8 billion by 2018

The “Nerve Repair & Regeneration Market by Xenografts (Conduits, Protectors), Neuromodulation [Internal (Spinal Cord, Deep Brain)], External (Transcranial Magnetic)], Surgery [Direct Nerve Repair, Grafting, Stem Cell] - Global Trend & Forecast to 2018 �, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia, and Rest of the World.

The global nerve repair and regeneration marketis segmented into peripheral nerve repair and neuromodulation segments. The peripheral nerve repair segment includes direct nerve repair, nerve grafting, and stem cell therapy, while the neuromodulation segment includes internal stimulation devices such as Spinal Cord Stimulation (SCS), Deep Brain Stimulation (DBS), Vagus Nerve Stimulation (VNS), Sacral Nerve Stimulation (SNS),Gastric Electrical Stimulation (GES), and external stimulation devices such as Transcranial Magnetic Stimulation (TMS) and Transcutaneous Electrical Nerve Stimulation (TENS).

Several factors such as the rapidly aging population and the growing number of peripheral nerve injuries and associated diseases such as Alzheimer’s, epilepsy, and Parkinson’s drive the growth of this market. However, a dearth of surgeons, patient awareness about the peripheral nerve repair treatment options, and lack of trained professionals are factors that hamper the market growth. The recent developments in biomaterials such as Schwann Cell (SC) migration; enhanced axonal re-growth towards their targets; and efficacy of conduits, wraps, and protectors encourages the growth of the xenografts or biomaterials market. Nerve conduits command the largest share of the biomaterials nerve repair and regeneration market. It is estimated to grow at a CAGR of 11.6% from 2013 to 2018. Factors such as the aging population globally, rise in incidences of neurological and epidemic disorders, emerging applications, such as DBS for depression and Alzheimer’s, and the launch of new products are expected to trigger the growth of the neuromodulation market in the forecast period. Internal neuromodulation commands a share of about 87% of the global neuromodulation segment in 2013; however, the Trans Magnetic Stimulation (TMS) external neuromodulation is expected to grow at a strong CAGR of 11.8% during the forecast period.

Neuromodulation in this market is expected to grow at the highest CAGR in the next five years. The large number of effective products (with expanded applications) from major players and about 25 neuromodulation products entering into clinical trials in the next two years are the major factors driving this market. Inquiry Before Buying: North America is the dominant market, with around one-third of the share. The leading market share is due to the high prevalence of chronic disorders like epilepsy, Parkinson’s, Alzheimer’s, chronic pain, urine and fecal incontinence, and depression, along with rise in aging population and large number of U.S. based manufacturers.Key players in the neuromodulation segment in this region include Medtronic (U.S.), St. Jude Medical(U.S.), Boston Scientific Corporation(U.S.), and Cyberonics(U.S.), while the leading players in the peripheral nerve repair market include Integra LifeSciences Corporation(U.S.), Stryker Corporation(U.S.), and AxoGen, Inc.(U.S.).

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Nerve Repair & Regeneration Market - Forecast to 2018  

[228 Pages Report] Nerve Repair Market Report Categories the Global Market by Internal (Deep Brain, Spinal Cord) & by External (Transcranial...