The latest report by IMARC Group, titled “Nerve Repair and Regeneration Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global nerve repair and regeneration market growth. The global market size reached US$ 7.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11.3% during 2023-2028.

In order to facilitate the replacement of damaged neural tissue brought on by trauma or neurodegenerative illnesses, nerve repair and regeneration, or NRaR, is carried out. To restore normal neural functions, it encourages the creation of new neurons, myelin, axons, synapses, and glial cells. NRaR uses biomaterials for nerve grafting, direct neurotherapy, stem cell therapy, transcranial magnetic stimulation, and sacral nerve stimulation in addition to neurostimulation and neuromodulation devices. They are therefore widely used in the domains of nanotechnology, bioengineering, material sciences, and cell relocation investigations.

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Nerve Repair and Regeneration Market Trends and Drivers:

The primary drivers of the growth of the worldwide NRaR market are the rising incidence of nervous injuries and the rising prevalence of neurological illnesses, particularly in the geriatric population. Accordingly, intensive neurology-related research and development (R&D) initiatives to bring cutting-edge NRaR medicines are further igniting the market. Additionally, the market is growing due to growing healthcare costs and the increasing use of efficient management and treatment techniques including exogenous and endogenous stem cell transplantation.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Abbott Laboratories
• Alafair Biosciences Inc.
• AxoGen Inc.
• Baxter International Inc.
• Boston Scientific Corporation
• Collagen Matrix Inc
• Integra Lifesciences Corporation
• Medtronic plc
• Polyganics BV
• Soterix Medical Inc.
• Stryker Corporation
• Synapse Biomedical Inc.

The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Surgery:

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

Breakup by Product:

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

Breakup by End User:

• Hospitals and Clinics
• Ambulatory Surgical Centers

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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