The exponentially rising incidence of peripheral nerve injuries and neurological disorders is a major growth driver for this market. Also, technological development in nerve repair and favorable reimbursement policies will drive the market in the forecast period 2016 to 2024
The APAC Nerve Regeneration And Repair Market has accounted to USD 1095 million in 2016, growing at the CAGR of 14.1% in the forecast period 2017 to 2024.
Asia-Pacific Nerve Regeneration And Repair Market, By Type (Biomaterials (Nerve Conduits, Nerve Protectors, Nerve Wraps, Nerve Connectors), Neurostimalation (Internal (SCS, DBS, VNS, SNS, GES), External (TENS, TMS, RES))), By Indication (Failed Back Surgery Syndrome, Parkinson’s disease, Urinary Incontinence, Epilepsy, Gastroparesis, Nerve Repair (Epineural, Perineural, Group Fascicular Repair), Grafting (Autograft, Allograft, Xenograft)), By End-User (Hospitals, Neurology Clinics, Home Healthcare, Community Healthcare), By Country (China, India, Japan, South Korea, Singapore, Thailand, Malaysia, Taiwan, Indonesia, Australia, Rest of APAC) – Trends and Forecast to 2024
The Nerve Regeneration And Repair Market is segmented into based on product type, indication, end-user and geography.
On The Basis Of Product types the market is segmented into 2 type’s biomaterial and neurostimulation segments. The neurostimulation segment dominates the market and is further classified into internal and external neurostimulation devices. Internal neurostimulation devices is further segmented into spinal cord stimulator (SCS), deep brain stimulator (DBS), vagus nerve stimulator (VNS).
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Based On Indications into failed back surgery syndrome, conditional regional pain syndrome, eschemia, Parkinson’s disease, Alzheimer’s, urinary incontinence, faecal incontinenece, epilepsy, gastroparesis, nerve repair, nerve grafting and others.
Based On Repair type into epineural repair, perineural repair and group fascicular repair. Nerve grafting segment is also further segmented based on graft types into autograft, allograft and xenograft
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Based on Geography, the market is segmented into geographical regions:
· South Korea
· Philippines and rest of APAC
Some of the major players operating in this market are
· AxoGen Inc.
· Boston Scientific Corporation
· Medovent GmbH
· Baxter International
· Checkpoint Surgical Inc.
· St. Jude Medical, Inc.
· Integra Lifesciences Corporation
· Toyobo Co., Ltd.
· Nevro Corporation
· Orthomed S.A.S.
· Collagen Matrix, Inc.,
· Cyberonics Inc.
· Polyganics B.V.
· Stryker Corporation
The Asia-Pacific nerve regeneration and repair market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
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