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 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.

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.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Peripheral Nerve Repair Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Peripheral Nerve Repair Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Peripheral Nerve Repair Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Peripheral Nerve Repair Devices market?
• Which is the largest regional market for Peripheral Nerve Repair Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Peripheral Nerve Repair Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Peripheral Nerve Repair Devices market worldwide?