Europe Nerve Repair And Regeneration Market Size & Outlook
- MedTech
- Neurology Devices
- Nerve Repair And Regeneration Market Outlook
- Neurology Devices
Europe Nerve Repair And Regeneration Market, 2018-2030 (US$M)
Global Market
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Europe nerve repair and regeneration market highlights
- The Europe nerve repair and regeneration market generated a revenue of USD 2,635.0 million in 2023.
- The market is expected to grow at a CAGR of 12.7% from 2024 to 2030.
- In terms of segment, neurostimulation and neuromodulation devices was the largest revenue generating product in 2023.
- Biomaterials is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,635.0 million |
| Market revenue in 2030 | USD 6,082.7 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Neurostimulation and neuromodulation devices |
| Fastest growing segment | Biomaterials |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biomaterials, Neurostimulation and Neuromodulation Devices |
| Key market players worldwide | Axogen Inc, Stryker Corp, St. Jude Medical, Baxter International Inc, Boston Scientific Corp, Integra Lifesciences Holdings Corp, Medtronic PLC, Polyganics, LivaNova PLC |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.8% of the global nerve repair and regeneration market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,642.7 million by 2030.
Europe follows North America in terms of share of nerve repair and regeneration market. Presence of well-established medical centers providing stimulation therapy is a high-impact rendering driver for growth in this region. On an average, almost 0.3 million people suffer from peripheral nerve injuries every year causing morbidity and disability.
In addition, increase in the number of government-funded research projects, such as IMPACT, to promote awareness and improve quality of patients’ lives is anticipated to fuel the growth of nerve repair and regeneration market. Industry players are also striving to capitalize opportunities in this region.
In April 2021, Polyganics, a medical device firm that develops, manufactures, and sells bioresorbable medical devices, announced its relocation to a state-of-the-art, purpose-built facility on Groningen's Zernike Campus. Polyganics' research laboratories, manufacturing and packaging facilities, and offices will all be housed in the new structure.
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Nerve Repair And Regeneration Market Scope
Nerve Repair And Regeneration Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Baxter International Inc | View profile | 60,000 | One Baxter Parkway, Deerfield, IL, United States, 60015 | www.baxter.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Boston Scientific Corp | View profile | 48,000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | www.bostonscientific.com |
| Integra Lifesciences Holdings Corp | View profile | 3,946 | 1100 Campus Road, Princeton, NJ, United States, 08540 | www.integralife.com |
| St. Jude Medical | View profile | 10001+ | Saint Paul, Minnesota, United States, North America | www.sjm.com |
| LivaNova PLC | View profile | 2,900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | www.livanova.com |
| Axogen Inc | View profile | 428 | 13631 Progress Boulevard, Suite 400, Alachua, FL, United States, 32615 | www.axogeninc.com |
| Polyganics | View profile | 11-50 | Groningen, Groningen, The Netherlands, Europe | www.polyganics.com |
Europe Nerve Repair And Regeneration Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Nerve Repair And Regeneration Market Outlook will help companies and investors design strategic landscapes.
Neurostimulation And Neuromodulation Devices was the largest segment with a revenue share of 66.67% in 2023.
Horizon Databook has segmented the Europe nerve repair and regeneration market based on biomaterials, neurostimulation and neuromodulation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Europe follows North America in terms of share of nerve repair and regeneration market. Presence of well-established medical centers providing stimulation therapy is a high-impact rendering driver for growth in this region. On an average, almost 0.3 million people suffer from peripheral nerve injuries every year causing morbidity and disability.
In addition, increase in the number of government-funded research projects, such as IMPACT, to promote awareness and improve quality of patients’ lives is anticipated to fuel the growth of nerve repair and regeneration market. Industry players are also striving to capitalize opportunities in this region.
In April 2021, Polyganics, a medical device firm that develops, manufactures, and sells bioresorbable medical devices, announced its relocation to a state-of-the-art, purpose-built facility on Groningen's Zernike Campus. Polyganics' research laboratories, manufacturing and packaging facilities, and offices will all be housed in the new structure.
- Europe Nerve Repair And Regeneration Market Product Outlook (Revenue, USD Million , 2018-2030)
- Biomaterials
- Neurostimulation and Neuromodulation Devices
- Europe Nerve Repair And Regeneration Market Surgery Outlook (Revenue, USD Million , 2018-2030)
- Direct Nerve Repair/Neurorrhaphy
- Nerve Grafting
- Stem Cell Therapy
- Neurostimulation and Neuromodulation Surgeries
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Nerve Repair And Regeneration Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Nerve Repair And Regeneration Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Nerve Repair And Regeneration Market, 2018-2030 (US$M)
Europe nerve repair and regeneration market statistics, by product, 2018-2030 (US$M)
