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Global Peripheral Nerve Injuries Market to reach USD 2.58 billion by the end of 2030

Global Peripheral Nerve Injuries Market Size study & Forecast, by Product (Nerve Conduit, Nerve Protector, Nerve Connector, Nerve Wraps), By Application (Upper Extremities, Lower Extremities), by Surgery (Direct Nerve Repair, Nerve Grafting, Stem Cell Therapy) and Regional Analysis, 2023-2030

Product Code: HLSHS-70461179
Publish Date: 20-07-2023
Page: 200

Global Peripheral Nerve Injuries Market is valued at approximately USD 1.43 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.65% over the forecast period 2023-2030. Peripheral nerve injury includes a broad range of clinical conditions that may present as peripheral nervous system dysfunction. Peripheral nerve injuries are a common condition that can result in a variety of symptoms depending on the severity and nerves affected. Peripheral nerve injuries can cause patients to experience anything from minor discomfort to complete paralysis. Peripheral nerve damage frequently presents with symptoms of weakness, numbness, and discomfort. However, the global peripheral nerve injury therapeutics market is likely to be driven by increased awareness of peripheral nerve injury and its treatment through drugs and therapies to manage the illness. Furthermore, the rising incidence rate of PNIs influences the revenue growth of the treatment market.

The market for peripheral nerve injuries is growing in terms of value due to the rising prevalence of chronic disorders. According to the National Institute of Health, In 2022, peripheral nerve issues impact 2.4% of the population among which 8.0% belongs to the elderly populations. In 2021, it was projected by the International Diabetes Federation that there would be approximately 537 million adults worldwide affected by diabetes, and one out of every ten individuals would also experience other forms of diabetes. Diabetic neuropathy, which is nerve damage associated with both type 1 and type 2 diabetes, affects around 50% of people with these chronic conditions. Peripheral nerve damage from leprosy is still a widespread problem worldwide. Additionally, elderly individuals and those who are obese are more prone to developing chronic illnesses. According to the World Bank Group, the global elderly population stood at 727 million in 2020, and it is expected to triple in the next 30 years, reaching 1.5 billion by 2050. The market’s revenue growth is being driven by an increase in research and development activities for focused treatment of peripheral nerve injury as well as the vital requirement for more education for doctors and nurses to enable them to provide prompt diagnoses and appropriate patient care. However, doctors and patients may both still be unaware of the syndrome’s prevalence is one of the factors limiting growth. The availability of physical therapy for the disorder’s treatment also hinders the market’s expansion throughout the forecast period of 2023-2030.

The key regions considered for the Global Peripheral Nerve Injuries Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. North America is expected to account for the largest revenue share over the forecast period. This is due to the introduction of new treatment options in the region. Furthermore, increased healthcare expenditures, as well as the availability of treatment choices, would help drive revenue growth of peripheral nerve injuries market in the region. Moreover, rising awareness of the disease has led to revenue growth in the market. These factors are expected to drive revenue growth of the peripheral nerve injury market in the region over the forecast period. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the number of elderly people has significantly increased in nations such as China and India. Additionally, the presence of generic drug makers and the expansion of healthcare facilities in the area are key factors in the region’s revenue growth.

Major market player included in this report are:
AxoGen, Inc.
Baxter International, Inc.
Polyganics BV
Integra Lifesciences Corp.
Renerva, LLC.
Medovent GmbH
Toyobo Co., Ltd
Medtronic plc
Stryker Corporation

Recent Developments in the Market:
Ø In March 2022, Integra LifeSciences Holding Corp. announced the release of the 3D Nerve Guide Matrix, also known as NeuraGen, a resorbable implant for the healing of peripheral nerve discontinuities.
Ø In April 2021, on the Zernike Campus in Groningen, Polyganics, a medical technology company that develops, manufactures, and sells bioresorbable medical devices, constructed a new facility. The facility is designed to support Polyganics’ ongoing development, manufacturing, and sales operations, further advancing their innovative medical device solutions.
Global Peripheral Nerve Injuries Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Surgery, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Nerve Conduit
Nerve Protector
Nerve Connector
Nerve Wraps

By Application:
Upper Extremities
Lower Extremities

By Surgery:
Direct Nerve Repair
Nerve Grafting
Stem Cell Therapy
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Peripheral Nerve Injuries Market, by Region, 2020-2030 (USD Billion)
1.2.2. Peripheral Nerve Injuries Market, by Product, 2020-2030 (USD Billion)
1.2.3. Peripheral Nerve Injuries Market, by Application, 2020-2030 (USD Billion)
1.2.4. Peripheral Nerve Injuries Market, by Surgery, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Peripheral Nerve Injuries Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Peripheral Nerve Injuries Market Dynamics
3.1. Peripheral Nerve Injuries Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing Incidence of PNIs Growing awareness of Peripheral nerve injury and its treatment through drugs and therapies
3.1.2. Market Challenges Lack of Awareness among doctors and patients about Peripheral Nerve Injuries Availability of physical therapy for the disorder’s treatment
3.1.3. Market Opportunities Rising Demand for more education for doctors and nurses to provide prompt diagnoses Increasing research and development activities for focused treatment of peripheral nerve injury
Chapter 4. Global Peripheral Nerve Injuries Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Peripheral Nerve Injuries Market, by Product
5.1. Market Snapshot
5.2. Global Peripheral Nerve Injuries Market by Product, Performance – Potential Analysis
5.3. Global Peripheral Nerve Injuries Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Peripheral Nerve Injuries Market, Sub Segment Analysis
5.4.1. Nerve Conduit
5.4.2. Nerve Protector
5.4.3. Nerve Connector
5.4.4. Nerve Wraps
Chapter 6. Global Peripheral Nerve Injuries Market, by Application
6.1. Market Snapshot
6.2. Global Peripheral Nerve Injuries Market by Application, Performance – Potential Analysis
6.3. Global Peripheral Nerve Injuries Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Peripheral Nerve Injuries Market, Sub Segment Analysis
6.4.1. Upper Extremities
6.4.2. Lower Extremities
Chapter 7. Global Peripheral Nerve Injuries Market, by Surgery
7.1. Market Snapshot
7.2. Global Peripheral Nerve Injuries Market by Surgery, Performance – Potential Analysis
7.3. Global Peripheral Nerve Injuries Market Estimates & Forecasts by Surgery 2020-2030 (USD Billion)
7.4. Peripheral Nerve Injuries Market, Sub Segment Analysis
7.4.1. Direct Nerve Repair
7.4.2. Nerve Grafting
7.4.3. Stem Cell Therapy
Chapter 8. Global Peripheral Nerve Injuries Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Peripheral Nerve Injuries Market, Regional Market Snapshot
8.4. North America Peripheral Nerve Injuries Market
8.4.1. U.S. Peripheral Nerve Injuries Market Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 Surgery breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Peripheral Nerve Injuries Market
8.5. Europe Peripheral Nerve Injuries Market Snapshot
8.5.1. U.K. Peripheral Nerve Injuries Market
8.5.2. Germany Peripheral Nerve Injuries Market
8.5.3. France Peripheral Nerve Injuries Market
8.5.4. Spain Peripheral Nerve Injuries Market
8.5.5. Italy Peripheral Nerve Injuries Market
8.5.6. Rest of Europe Peripheral Nerve Injuries Market
8.6. Asia-Pacific Peripheral Nerve Injuries Market Snapshot
8.6.1. China Peripheral Nerve Injuries Market
8.6.2. India Peripheral Nerve Injuries Market
8.6.3. Japan Peripheral Nerve Injuries Market
8.6.4. Australia Peripheral Nerve Injuries Market
8.6.5. South Korea Peripheral Nerve Injuries Market
8.6.6. Rest of Asia Pacific Peripheral Nerve Injuries Market
8.7. Latin America Peripheral Nerve Injuries Market Snapshot
8.7.1. Brazil Peripheral Nerve Injuries Market
8.7.2. Mexico Peripheral Nerve Injuries Market
8.8. Middle East & Africa Peripheral Nerve Injuries Market
8.8.1. Saudi Arabia Peripheral Nerve Injuries Market
8.8.2. South Africa Peripheral Nerve Injuries Market
8.8.3. Rest of Middle East & Africa Peripheral Nerve Injuries Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. AxoGen, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Stryker
9.3.3. Baxter International, Inc.
9.3.4. Polyganics BV
9.3.5. Integra Lifesciences Corp.
9.3.6. Renerva, LLC.
9.3.7. Medovent GmbH
9.3.8. Toyobo Co., Ltd
9.3.9. Medtronic plc
9.3.10. Stryker Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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