
Nerve Conduit Market
Nerve Conduit Market Global Industry Assessment & Forecast
Segments Covered
By Type Collagen Nerve Conduit, Polymer Nerve Conduit, Others
By Application Neurorrhaphy, Nerve Grafting
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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380 Million |
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450 million |
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3 |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
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Key Insights
The
global Nerve Conduit market was valued at USD 380 Million in 2020 and is
projected to reach USD 450 million by 2028, growing at a CAGR of 3%
from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 450 million |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 3% |
Definition and Overview
Nerve Conduit is a nerve guidance conduit (also referred to as an artificial nerve conduit or artificial nerve graft, as opposed to an autograft) is an artificial means of guiding axonal regrowth to facilitate nerve regeneration and is one of several clinical treatments for nerve injuries.
The
global Nerve Conduit market is segmented based on by Type, Application,
regions, and countries. The regional segmentation provides current and forecast
demand across North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. All the segments have been analyzed on the basis of present
and future trends. Rising demand for Nerve Conduit in various countries such as the U.S.,
Germany, China, India, and Japan, among others is likely to support the growth
of the market. Numerous companies are focusing on investing heavily in this
application to cater the end user requirements effectively. The report provides
comprehensive analysis of the market based on drivers, restraints,
opportunities, trends, competition, and industry-authenticated data. The market
is estimated from 2016 to 2020 with forecast from 2021 to 2028.
Global Nerve Conduit Market: COVID-19 Impact Analysis
The
COVID-19 pandemic is affecting industries worldwide and the global economy took
hit in 2020 and likely in 2021 as well. The outbreak created disruptions in
industries such as semiconductor, consumer electronics, travel, and automotive,
among others. Impact of COVID-19 on the market demand is considered while
estimating the current and forecast market size and growth trends for all the
regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
End-to-end neurorrhaphy is the most commonly used method for treating peripheral nerve injury which is driving the market growth.
Nerve conduits can effectively solve the problems of direct nerve suturing and nerve grafting. This factor is also fueling the market growth.
The increase in prices of advanced surgeries is expected to hamper the growth of the market in forecast period.
Global Nerve Conduit Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Type, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Stryker, Synovis, Medovent GmbH, Collagen Matrix, Axogen, Polyganics, Integra LifeSciences. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Type Analysis: Preview On the basis of Type,
the market is segmented into Collagen Nerve Conduit, Polymer Nerve Conduit, Others. Collagen Nerve Conduit held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Collagen Nerve Conduit
in emerging economies in Asia Pacific region. Application
Analysis: Preview
Based on Application,
the market is segmented into Neurorrhaphy, Nerve Grafting. Neurorrhaphy accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Nerve Conduit Market: Type Segment Analysis
-
- Collagen Nerve Conduit
- Polymer Nerve Conduit
- Others
Global Nerve Conduit Market: Application Segment Analysis
-
- Neurorrhaphy
- Nerve Grafting
Regional Analysis Preview
On the basis of region, the global Nerve Conduit market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global Nerve Conduit market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market.
Market Size, 2021 (USD Billion)
Global Nerve Conduit Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Nerve Conduit market are Stryker, Synovis, Medovent GmbH, Collagen Matrix, Axogen, Polyganics, Integra LifeSciences.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
FAQ
Frequently Asked Question
What is the global demand for Nerve Conduit in terms of revenue?
-
The global Nerve Conduit valued at 380 Million in 2020 and is expected to reach 450 million in 2028 growing at a CAGR of 3%.
Which are the prominent players in the market?
-
The prominent players in the market are Stryker, Synovis, Medovent GmbH, Collagen Matrix, Axogen, Polyganics, Integra LifeSciences..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Nerve Conduit include
- End-to-end neurorrhaphy is the most commonly used method for treating peripheral nerve injury which is driving the market growth.
- Nerve conduits can effectively solve the problems of direct nerve suturing and nerve grafting. This factor is also fueling the market growth.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Nerve Conduit in 2020.