North American Nerve Repair and Regeneration Market to reach $2,873.5 million by 2019 – Research
The North America Nerve Repair and Regeneration Market report defines and segments the concerned market with analysis and forecast of revenue. This market is expected to reach $2,873.5 million by 2019 and grow at a CAGR of 11.4% from 2014 to 2019.
The nerve repair and regeneration market encompasses various procedures conducted to repair the damaged nerves; these are the most challenging of all neurosurgery procedures.
Technological advancements are a key driver for this market. Many leading companies are focusing on innovation to increase the accuracy of surgery. For instance, in November 2014, Stryker Corporation’s spine division launched its anchor-based ALIF technology, the Aero-AL system. The product was launched at the North American Spine Society’s Annual meeting in San Francisco (U.S.).
Regulatory approvals for innovative products are also supporting to the growth of the nerve repair and regeneration market.
Canada is the fastest-growing country for the nerve repair and regeneration market. This growth is due to various factors including increasing disease diagnosis such as Parkinson’s and epilepsy, M&A amongst market players, rising aging population, and increasing number of surgeries.
By type, the market is segmented into nerve repair by neurostimulation and nerve repair by biomaterials. The market is expected to show strong growth due to the rising incidence of neurological disorders that sometimes result in the loss of movement and affect the functioning of vital body parts.
The statistics are given by the report “North America Nerve Repair and Regeneration Market by Procedures and Type – Analysis and Forecast to 2019”.
Objective of this study is to analyze the market trends, share, growth & restraining factors and projection supported by market estimates and forecasts of global market.
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