The global demand for Peripheral Nerve Injuries Market is presumed to reach the market size of nearly USD 4.16 MN by 2028 from USD 2.33 MN in 2021 with a CAGR of 8.65% under the study period 2022 - 2028.
Peripheral nerve injuries refer to the damaged parts outside the central nervous system. Peripheral nerves send signals from the brain and spinal cord to the remaining parts of the body. These nerves link the eyes, nose, head, ears, muscles, and face to the brain. A person could feel pain, weakness, and a tingling sensation in the hands and feet because of peripheral nerve damage. These injuries happen due to several reasons, such as an accident or a fall in sports, which could result in the stretching, compressing, or crushing of nerves. Certain illnesses like diabetes, and carpal tunnel syndrome, a condition that causes numbness in the arms and hands, also contribute to these peripheral nerve injuries. Autoimmune diseases also cause damage to peripheral nerves. Peripheral nerve damage could affect motor function ability and sensory function in an individual.
The market for peripheral nerve injuries shows favourable growth in the forecast period. The prevalence of peripheral nerve injuries has led to the growth of the peripheral nerve in market. Factors such as technological progress, the increasing number of clinical trials focusing on peripheral nerve repair, research and development activities, and the awareness of various regenerative medicines contribute to the market’s growth. The peripheral nerve conduit program to increase the effectiveness of peripheral nerve regeneration adds to the development of the market. With rising geriatric population and the subsequent spending on healthcare to treat peripheral nerve injuries, the popularity of direct nerve repair surgery due to the preference for minimally invasive surgery among patients are the factors that enjoyed the highest share of revenue in the market. The pandemic hit the market, but as the key players focus on developing better technologies in this sector, the market is likely to grow in the projected period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of peripheral nerve injuries. The growth and trends of peripheral nerve injuries industry provide a holistic approach to this study.
This section of the peripheral nerve injuries market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Nerve Conduit
- Nerve Protector
- Nerve Connector
- Nerve Wraps
- Direct Nerve Repair
- Nerve Grafting
- Stem Cell Therapy
- Upper Extremities
- Lower Extremities
This section covers the regional outlook, which accentuates current and future demand for the Peripheral Nerve Injuries market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Peripheral Nerve Injuries Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the peripheral nerve injuries market include AxoGen Inc., Stryker, Baxter International Inc., Polyganics BV, Integra Lifesciences Corp., Renerva, LLC., Medovent GmbH, Toyobo Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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