About Peripheral Nerve Repair
Peripheral nerves are the links between the brain and spinal cord and the rest of the body. Peripheral nerves are delicate and effortlessly damaged. A nerve injury can affect the brain's ability to communicate with muscles and organs. Damage to the peripheral nerves is called peripheral neuropathy and stretching or pressing on a nerve can cause injury. The nerves also may be injured as a result of other health conditions that affect the nerves, for example, diabetes or Guillain-Barre syndrome. Peripheral nerve injuries may be minor or severe.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.6% |
The report contains a Competitive Quadrant, a proprietary tool for analyzing and evaluating a company's position based on its industry position score and market performance score. The tool divides the players into four categories based on a variety of factors. Some of the factors considered for analysis include financial performance over the previous years; growth strategies; innovation score; new product launches; investments; market share growth; and so on. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Peripheral Nerve Repair market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AxoGen, Inc (United States), Integra LifeSciences (United States), Medtronic Plc (Ireland), Synovis Life Technologies (United States), Collagen Matrix (United States), Polyganics (Netherlands), Checkpoint Surgical (United States), Boston Scientific Corporation (United States), Summit Medical Group Ltd. (United Kingdom) and Stryker Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Peripheral Nerve Repair market by Type (Direct Repair, Nerve Grafting (Autografts, Allografts, and Xenografts) and Nerve Conduit), Application (Extremity Trauma, Breast Neurotization, Carpal and Cubital Tunnel Revision and Oral and Maxillofacial) and Region.
On the basis of geography, the market of Peripheral Nerve Repair has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Government Expenditure in the Healthcare Sector and Favorable Reimbursement Policies
Market Growth Drivers:
Rising Incidence of Neurological Diseases and Peripheral Nerve Injuries in the Geriatric Population and Introduction of Innovative Products for Nerve Repair
Challenges:
Absence of Skilled Professionals
Restraints:
High Cost of the Peripheral Nerve Repair Devices
Opportunities:
Growing Healthcare Infrastructure in Developing Countries and Growth in Patient Awareness for the Use of Nerve Repair
Market Leaders and their expansionary development strategies
On 29th September 2023, Smith+Nephew, the global medical technology company, has agreed to buy Integra LifeSciences Holdings Corporation's Extremity Orthopaedics business for USD240 million. The acquisition is consistent with Smith+Nephew's strategy of investing in higher-growth segments.
On 11th January, 2022, Toyobo launched the sales promotion campaign during a conference co-hosted by three societies in Carlsbad, California: the American Association for Hand Surgery (AAHS), the American Society for Peripheral Nerve (ASPN), and the American Society for Reconstructive Microsurgery (ASRM). The campaign is being run in collaboration with Synovis Micro Companies Alliance, Inc., the exclusive Nerbridge distributor in the United States and a subsidiary of Baxter International Inc., a global medtech leader.
The regulation of nerve regeneration is also out of balance. Axon regeneration is aided by an exogenous high concentration of nerve growth factor. Nerve growth factor, on the other hand, promotes Schwann cell apoptosis. When combined, the addition of Schwann cells or exogenous nerve growth factor does not affect the rate or quality of nerve regeneration.
Key Target Audience
Manufacturers of Peripheral Nerve Repair Devices, Healthcare Service Providers, Healthcare Industry, Governmental Bodies, Regulatory Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.