peripheral nerve injuries market analysis, peripheral nerve injuries market share, peripheral nerve injuries market forecast, peripheral nerve injuries market trends, peripheral nerve injuries market size, peripheral nerve injuries market growth
What are the recent trends in market size and growth for the peripheral nerve injuries market?
The peripheral nerve injuries market size has grown rapidly in recent years. It will grow from $3.93 billion in 2024 to $4.44 billion in 2025 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to increased age-related disorders, such as osteoporosis and arthritis.
The peripheral nerve injuries market size is expected to see rapid growth in the next few years. It will grow to $7.12 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. 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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What key drivers have fueled the peripheral nerve injuries market’s development over the years?
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 May 2023, according to the Department for Transport, a UK-based government department, the number of fatalities on UK roads increased from 1,695 in 2022 to 1,560 in 2021. Therefore, The increasing incidence of accidents drives the peripheral nerve injuries market.
What is the segmentation for the peripheral nerve injuries market?
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
Subsegments:
1) By Nerve Conduit: Collagen Nerve Conduits, Silicone Nerve Conduits, Polymeric Nerve Conduits
2) By Nerve Protector: Nerve Guarding Agents, Nerve Protecting Gel And Films
3) By Nerve Connector: Nerve Suture Connectors, Nerve Stitching Connectors
4) By Nerve Wraps: Collagen Nerve Wraps, Tubular Nerve Wraps, Bioabsorbable Nerve Wraps
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Who are the most influential companies in the peripheral nerve injuries market?
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
What are the top industry trends projected to impact the peripheral nerve injuries market?
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.
What are the major regional insights for the peripheral nerve injuries market, and which region holds the top position?
North America was the largest region in the peripheral nerve injuries market in 2024. 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.
What Does The Peripheral Nerve Injuries Market Report 2025 Offer?
The peripheral nerve injuries market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Peripheral nerve injury refers to any damage or dysfunction that affects the peripheral nerves, which are the nerves outside the brain and spinal cord. These nerves are responsible for transmitting signals between the central nervous system (CNS) and the rest of the body, enabling sensation, movement, and motor coordination.
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