Peripheral Nerve Repair Devices Market By Device Type (Nerve Grafts, Nerve Protectors, Nerve Conduit, (Nerve Guides, Nerve Connectors and NeuroTube Device), Other Peripheral Nerve Repair Devices (Fibrin Glue, Suture)) - Growth, Future Prospects and Competitive Analysis, 2017 - 2025

Published By: Brisk Insights | Published On: Oct 21, 2021

 

Peripheral nerve injury is one of the common condition arising from trauma, accidents, or neuronal disease needing surgical treatment interventions depending upon the severity of the condition. Primarily peripheral nerve gets repaired on its own, however surgical interventions are employed for improved outcomes and faster functional recovery. According to the statistics mentioned by the leading player of nerve repair market AxoGen, Inc., in the year 2014, around 1.4 million Americans experienced nerve injury and 0.9 million people required surgical intervention. Such a high prevalence indicates the necessity of surgical procedure which drives the market of peripheral nerve repair devices.  The goal of nerve repair devices is to prevent neuroma formation, lowering neuropathic pain, restoration of muscle function and sensation.

 

Nerve repair techniques involved both traditional procedures and technologically advanced methods using nerve grafts or nerve conduits. Nerve grafting especially autografts are the gold standards in treating larger gaps mostly using sural nerve, however the disadvantages associated with the autografts like limited length of grafts and complications at donor site encouraged the acceptance of alternative approaches. With the introduction of advanced and innovative devices, the market of autografts or the traditional procedures is declining. The development of nerve conduits utilizing biological material led to improved clinical results than using synthetic constituents. On the basis of device, the global nerve repair devices market has been segmented as nerve grafts, nerve protectors and nerve conduits where nerve graft is expected to generate major revenue of global nerve repair devices market. This report encompasses the cross-sectional details of each segment and sub-segment considering 2016 as the base year and projected to 2025 with corresponding CAGR calculated from 2017-2025.

 

Global sales of peripheral nerve repair devices are greatly influenced by high prevalence of peripheral nerve injury and peripheral neuronal disorder. The World Health Organization shared that injury causes death of more than five million people globally and such high prevalence led to the increasing usage of nerve repair devices and drive the global market to grow. Globally rising geriatric population acts as one of the major drivers of nerve repair device market as elderly population is associated with nerve injury or damage.

 

This research report on global peripheral nerve repair devices market provides in depth market analysis considering 2016 as base year along with CAGR of 2017-2025. The market dynamics study has been presented in this report including market drivers, restrains, opportunity and future market scope. The current market scenario and projected future market trend have been mentioned in details to allow industry experts to take business decision. Competitive landscape analysis of major players of peripheral nerve repair market with major partnership, collaboration, mergers and acquisition activities, have been explained in this study to develop accurate business strategies.

 

The peripheral nerve repair devices market is segmented into five main regions which further are sub-segmented as follows:

 

  • North America
    • The United States
    • Canada
  • Europe
    • The United Kingdom
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • Gulf Cooperation Council (GCC)
    • Rest of Middle East and Africa

 

The major players of peripheral nerve repair devices market are Axogen Inc., Synovis Micro Companies Alliance, Inc., Stryker, Medovent GmbH, Integra LifeSciences Corporation, Polyganics, Toyobo Co., Ltd. and others. This research report contains detailed profiling of these players along with brief description and financial information.

 

On the basis of devices used in treatment of nerve injury, the global peripheral nerve repair devices market has been classified as below:

 

  • Nerve Grafts
  • Nerve Protectors
  • Nerve Conduit
    • Nerve Guides
    • Nerve Connector
    • NeuroTube Device
  • Other Peripheral Nerve Repair Devices (Fibrin glue, Suture)

 

Traditional autograft is considered to be the gold standard for nerve repair due to its improved therapeutic effect by lowering immunological reaction; however, few limitations of autograft procedure has led to the adoption of emerging advanced technology. Avance from AxoGen, Inc. is the only FDA approved commercially available nerve processed allograft, which is preferred among surgeons due to its variable size and no risk of comorbidities with effective bridging between nerve gaps. Nerve conduits is expected to experience fastest growth over coming years as using conduits help to mitigate morbidity of donor site, lower risk of scarring and tensionless linking where simple suturing cannot be done. Global nerve repair devices market is driven by increasing usage of nerve protector as it helps to protect nerve by diminishing inflammatory reaction, maintaining its position and inhibiting adhesion to surrounding tissues. Nerve guides are gaining acceptance among medical professionals for successful axonal regrowth immediately after injury and preserving the functionality of nerves.

 

Based on geography, the global peripheral nerve repair devices market is cumulative to North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

 

North America is considered to be the most dominant region of global peripheral nerve repair devices market followed by Europe. An average of 20 million Americans suffer from peripheral nerve injury each year which is responsible for healthcare cost of around US$ 150 billion, such high trend has considerable impact on the growth of global peripheral nerve repair devices market. Increasing geriatric population and direct presence of major manufacturers of peripheral nerve repair devices positively influence the market to grow in North America. Favorable reimbursement policies for nerve repair surgical procedure also positively influence the market to proliferate. Europe is contributing significant growth to the peripheral nerve repair devices market on account of high incidences of peripheral nerve injury which is around 300,000 annually and 100,000 surgeries are performed to treat injured nerves.

 

Moreover, Asia Pacific is anticipated to experience substantial growth with rising cases of peripheral nerve injury. Rapid development in healthcare facilities and adoption of technologically advanced products to provide improved treatment also boost the market growth.

 

The comprehensive regional classification of the global peripheral nerve repair devices market is as follows:

 

  • North America (including the U.S. and Canada)
  • Europe (including the U.K., Germany and Rest of Europe)
  • Asia Pacific (including India, China, Japan and Rest of Asia Pacific)
  • Latin America (including Brazil, Mexico and Rest of Latin America)
  • Middle East and Africa (including GCC and Rest of Middle East and Africa)

 

Chapter 1. Preface


1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

 

Chapter 2. Executive Summary


2.1. Global Peripheral Nerve Repair Devices Market Portraiture
2.2. Global Peripheral Nerve Repair Devices Market, by Device Type, 2016 (US$ Mn)
2.3. Global Peripheral Nerve Repair Devices Market, by Geography, 2016 Vs. 2025 (Value %)

 

Chapter 3. Peripheral Nerve Repair Devices Market: Market Dynamics and Future Outlook


3.1. Market Overview
3.2. Peripheral Nerve Repair Devices: Future Trends
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Porter’s Analysis
3.7. Attractive Investment Proposition, by Geography, 2016
3.8. Major Agreements, Partnerships and Collaborations
3.9. Competitive Landscape
3.9.1. Competitive Landscape, by Key Players, 2016

 

Chapter 4. Global Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)


4.1. Overview
4.1.1. Attractive Investment Proposition: Global Peripheral Nerve Repair Devices Market, by Device Type, 2016
4.2. Nerve Grafts
4.3. Nerve Protectors
4.4. Nerve Conduit
4.4.1. Nerve Guides
4.4.2. Nerve Connector
4.4.3. NeuroTube Device
4.5. Other Peripheral Nerve Repair Devices

 

Chapter 5. Global Peripheral Nerve Repair Devices Market, by Geography, 2015 – 2025 (US$ Mn)


5.1. Overview
5.2. North America Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.2.1. North America Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
5.2.2. North America Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
5.2.2.1. U.S.
5.2.2.2. Canada
5.3. Europe Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.3.1. Europe Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
5.3.2. Europe Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
5.3.2.1. U.K.
5.3.2.2. Germany
5.3.2.3. Rest of Europe
5.4. Asia Pacific Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.4.1. Asia Pacific Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
5.4.2. Asia Pacific Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
5.4.2.1. Japan
5.4.2.2. China
5.4.2.3. India
5.4.2.4. Rest of APAC
5.5. Latin America Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.5.1. Latin America Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
5.5.2. Latin America Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
5.5.2.1. Brazil
5.5.2.2. Mexico
5.5.2.3. Rest of Latin America
5.6. Middle East & Africa (MEA) Peripheral Nerve Repair Devices Market Analysis, 2015 – 2025
5.6.1. MEA Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
5.6.2. MEA Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
5.6.2.1. GCC
5.6.2.2. Rest of MEA

 

Chapter 6. Company Profiles


6.1. Axogen Inc.
6.1.1. Business Description
6.1.2. Financial Information (Subject to data availability)
6.1.3. Product Portfolio
6.1.4. Key Developments
6.2. Integra LifeSciences Corporation
6.3. Medovent GmbH
6.4. Polyganics
6.5. Stryker
6.6. Synovis Micro Companies Alliance, Inc.
6.7. Toyobo Co., Ltd.

TABLE 1 Global Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 2 Global Peripheral Nerve Repair Devices Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 3 North America Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 4 North America Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 5 Europe Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 6 Europe Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 7 Asia - Pacific Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 8 Asia - Pacific Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn
TABLE 9 Latin America Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 10 Latin America Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn
TABLE 11 Middle East and Africa Peripheral Nerve Repair Devices Market, by Device Type, 2015 – 2025 (US$ Mn)
TABLE 12 Middle East and Africa Peripheral Nerve Repair Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Axogen Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 14 Integra LifeSciences Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 15 Medovent GmbH.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 16 Polyganics: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 17 Stryker.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 18 Synovis Micro Companies Alliance, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 19 Toyobo Co., Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)

FIG. 1 Peripheral Nerve Repair Devices: Market Segmentation
FIG. 2 Global Peripheral Nerve Repair Devices Market Share, by Device Type, 2016 (US$ Mn)
FIG. 3 Global Peripheral Nerve Repair Devices Market, by Geography, 2016 Vs. 2025 (Value %)
FIG. 4 Attractive Investment Proposition, by Geography, 2016
FIG. 5 Market Competition Landscape, by Key Players, 2016
FIG. 6 Global Nerve Grafts Market, 2015 – 2025 (US$ Mn)
FIG. 7 Global Nerve Protectors Market, 2015 – 2025 (US$ Mn)
FIG. 8 Global Nerve Conduits Market, 2015 – 2025 (US$ Mn)
FIG. 9 Global Nerve Guides Market, 2015 – 2025 (US$ Mn)
FIG. 10 Global Nerve Connectors Market, 2015 – 2025 (US$ Mn)
FIG. 11 Global NeuroTube Devices Market, 2015 – 2025 (US$ Mn)
FIG. 12 Global Other Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 13 U.S. Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 14 Canada Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 15 U.K. Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 16 Germany Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 17 Rest Of Europe Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 18 Japan Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 19 China Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 20 India Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 21 Rest Of Asia Pacific Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 22 Brazil Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 23 Mexico Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 24 Rest Of Latin America Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 25 GCC Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)
FIG. 26 Rest Of Middle East And Africa Peripheral Nerve Repair Devices Market, 2015 – 2025 (US$ Mn)

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