The report also covers a detailed description, a competitive scenario, a wide range of leading players in this market and business strategies adopted by competitors in conjunction with their SWOT analysis. On the country level, the regional segment is further divided. The analysis report on the Global Nerve Repair Biomaterials Market covers a detailed analysis of the value chain of the Global Nerve Repair Biomaterials Market. Detailed segmentation premised on product type, application, and regional segmentation is presented in the report. The Global Nerve Repair Biomaterials Market Report examines the competitive scenario of the manufacturer and gives market share to all major players on the basis of production capacity, sales, revenue, geographical presence, and other important factors. The report also covers import/export data in all the key regions covered by the report. In addition, we can only provide information on import/export data in any particular country as required.
Major Players: Global Nerve Repair Biomaterials Market
Some of the other major players operating in the global nerve repair biomaterials market are- Axogen, Inc., Polygenic, B.V., Checkpoint Surgical, Inc. and, Synovis Micro Companies Alliance, Inc. among others.
Global Nerve Repair Biomaterials Market is projected to reach USD 775.6 million by 2024 from USD 326.7 million in 2016, at a CAGR of 11.3% in the forecast period 2017 to 2024. – Data Bridge Market Research new Insights.
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Segmentation: Global Nerve Repair Biomaterials Market
The Global Nerve Repair Biomaterials Market is segmented on the basis of product type, injury type end-user, and geography.
- On the basis of product type the global nerve repair biomaterials market is segmented into nerve repair and nerve protection.
- On the basis of injury type, the market is segmented into epineural nerve repair, perineural nerve repair, and group fascicular repair.
- On the basis of end user, the market is categorised into hospitals, clinics, and ambulatory surgical centres.
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Recent Developments: Global Nerve Repair Biomaterials Market
- The global nerve repair biomaterials market is witnessing a rapid growth due to increasing geriatric population, increasing incidence of nerve injuries and neurological disorders, favorable reimbursement policies, and increased government funding.
- Nerve Repair Graft is further segmented into allograft and acellularized allograft.
- In 2015, the allograft segment is expected to dominate the market and also it is projected to grow at the highest CAGR of 14.3% in the forecast period 2016-2022.
- Nerve protection market is segmented into nerve protector and nerve wrap.
- In 2015, nerve protector market is expected to dominate the market with the share of 76.3% and nerve wrap is expected to growth at the highest CAGR of 15.9% for the forecast period 2016-2022.
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Geographic Segmentation: Global Nerve Repair Biomaterials Market
Based on geography, the global nerve repair biomaterials market report covers data points for 52 countries across multiple geographies namely
- North & South America,
- Asia-Pacific and,
- Middle East & Africa.
Some of the major countries covered in this report are U.S., Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
North America is expected to dominate the market with 38.9% market share followed by Europe. The dominance of North America is owing to favorable reimbursements for biomaterials used in treatment of nerve injury.
Asia-Pacific is expected to grow at the highest CAGR of 14.8% market share owing to large incidence of peripheral nerve injuries and high percentage of geriatric population in countries such as China, Japan, Thailand and South Korea.
Company Share Analysis: Global Nerve Repair Biomaterials Market
- The global nerve repair biomaterials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
- Some examples of recent strategies/developments are: June 2016, Polyganics announced the CE approval for its nerve capping device NeuroCap, May 2015; AxoGen received approval from FDA to Proceed with new multicenter comparative study for Avance Nerve Graft among many others.
- The report includes market shares of nerve repair biomaterial market for global, Europe, North America, Asia Pacific and Rest of the World.
- In 2015, Integra Life sciences dominate the market with 29.0% market share followed by Stryker Corporation and Collagen Matrix, Inc.
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