The peripheral nerve injuries global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Peripheral Nerve Injuries Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The peripheral nerve injuries market size has grown rapidly in recent years. It will grow from $3.49 billion in 2023 to $3.93 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to increased age-related disorders, such as osteoporosis and arthritis., increased prevalence in areas such as aesthetics, orthopedics, trauma, cardiology, and geriatric care, increased prevalence of traumatic nerve injuries, increased adoption of surgical interventions for precise and direct repair of damaged nerves, increased age more susceptible to peripheral nerve injuries like neuropathy.
The peripheral nerve injuries market size is expected to see rapid growth in the next few years. It will grow to $6.34 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to increasing incidence trauma, accidents, sports injuries, increasing chronic conditions like diabetes, increasing aging population, increasing patient compliance, and improving quality of life, rising prevalence of peripheral nerve injuries (pni) globally. Major trends in the forecast period include technological advancements in nerve repair, advancements in diagnostic technologies, development of artificial nerve implant, emerging therapies, focus on personalized medicine.
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Scope Of Peripheral Nerve Injuries Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Peripheral Nerve Injuries Market Overview
Market Drivers –
The increasing incidence of accidents is expected to propel the growth of the peripheral nerve injuries market going forward. The increasing incidence of accidents can be attributed to a combination of factors, including changes in urbanization which lead to higher traffic volumes, lifestyle, environmental conditions, and distracted behaviors. Peripheral nerve injuries often necessitate comprehensive treatment strategies to mitigate their impact and facilitate recovery. Investigational treatments such as stem cell therapy, growth factor administration, or gene therapy may hold promise for enhancing nerve regeneration and functional recovery for patients injured due to accidents. For instance, in October 2023, according to the Bake, The Road Safety Charity, a UK-based government organization, there were 1,766 road deaths in 2022 in the UK, with 1,711 occurring in Britain and 55 in Northern Ireland. Furthermore, the number of road deaths increased by 10% since 2021. Therefore, The increasing incidence of accidents drives the peripheral nerve injuries market.
Market Trends –
Major companies operating in the peripheral nerve injuries market are investing in nerve injury therapeutic research and development, aiming to enhance nerve regeneration, improve functional outcomes, and address unmet medical needs for patients affected by such injuries. Company investments drive progress and innovation in the peripheral nerve injuries market, leading to the development of advanced therapies, improved patient outcomes, and enhanced quality of life for individuals affected by nerve injuries. For instance, in October 2022, NervGen Pharma Corp., a Canada-based pharmaceutical company, was awarded up to $1.5 million in funding from the US Department of Defense (DoD) to evaluate its investigational therapeutic NVG-291-R for the treatment of peripheral nerve injury (PNI). The funding would support preclinical research to establish proof-of-concept for using NVG-291-R to improve the rate and extent of nerve regeneration following PNI.
The peripheral nerve injuries market covered in this report is segmented –
1) By Product: Nerve Conduit, Nerve Protector, Nerve Connector, Nerve Wraps
2) By Injury: Traumatic Injuries, Compression Injuries, Surgical Injuries
3) By Surgery: Direct Nerve Repair, Nerve Grafting, Stem Cell Therapy
4) By Application: Upper Extremities, Lower Extremities
5) By End-User: Hospitals And Clinics, Rehabilitation Centers, Home Care Settings
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Regional Insights –
North America was the largest region in the peripheral nerve injuries market in 2023. The regions covered in the peripheral nerve injuries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the peripheral nerve injuries market are Abbott Laboratories, Medtronic Plc, Stryker Corporation, Boston Scientific Corporation, Integra LifeSciences Holdings Corp., Bioventus LLC , MicroPort Scientific Corporation, Nevro Corp., AxoGen Inc., Bioness Inc., SPR Therapeutics Inc., Stimwave Technologies Inc., SetPoint Medical Inc., NeuroMetrix Inc., Polyganics BV, Regenity Biosciences , Renerva LLC , Aleva Neurotherapeutics SA, Neuraptive Therapeutics Inc., Neuros Medical Inc., Synapse Biomedical Inc., Orthocell Ltd., NeuraLace Medical Inc., MyndTec Inc., Epineuron LLC
Table of Contents
1. Executive Summary
2. Peripheral Nerve Injuries Market Report Structure
3. Peripheral Nerve Injuries Market Trends And Strategies
4. Peripheral Nerve Injuries Market – Macro Economic Scenario
5. Global Peripheral Nerve Injuries Market Size and Growth
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32. Global Peripheral Nerve Injuries Market Competitive Benchmarking
33. Global Peripheral Nerve Injuries Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Peripheral Nerve Injuries Market
35. Peripheral Nerve Injuries Market Future Outlook and Potential Analysis
36. Appendix
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