The North America nerve repair & regeneration market is expected to grow from US$ 3,721.38 million in 2022 to US$ 6,463.51 million by 2028; it is estimated to grow at a CAGR of 9.6% from 2022 to 2028.
North America Nerve Repair & Regeneration Market Growth
The North American nerve repair and regeneration market is experiencing a significant uplift, primarily due to the rising prevalence of neurological disorders within the geriatric population. With longer life expectancies, conditions like neuropathy, Alzheimer’s disease, Parkinson’s disease, and strokes are becoming increasingly common. The World Health Organization (WHO) projects a dramatic demographic shift, with the global population aged 60 and over nearly doubling from 12% in 2015 to 22% by 2050. Mental and neurological disorders in older adults are anticipated to contribute a substantial 6.6% to the total disability-adjusted life years (DALYs) for this age group. Furthermore, about 15% of adults aged 60 and over are affected by a mental disorder. In the U.S., the number of individuals 65 and older impacted by Alzheimer’s disease is expected to soar from approximately 5.8 million to 14 million by 2060. Moreover, neurological disorders are increasingly a major cause of death across the region; for instance, the Centers for Disease Control and Prevention (CDC) identifies Alzheimer’s disease as the fifth leading cause of death for people aged 65 and above. This escalating burden of age-associated neurological disorders directly fuels the demand for nerve repair & regeneration treatments, thus propelling the growth of the North America market.
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North America Nerve Repair & Regeneration Strategic Insights
Strategic insights for the North America Nerve Repair & Regeneration market offer a data-driven blueprint of the industry. These insights delve into current trends, highlight key players, and illuminate regional nuances. By providing actionable recommendations, they empower stakeholders to gain a competitive advantage by identifying untapped segments or crafting unique value propositions. Leveraging robust data analytics, these insights help various industry participants, from investors to manufacturers, anticipate market shifts. A future-looking perspective is crucial, enabling stakeholders to foresee market changes and strategically position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights equip readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Nerve Repair & Regeneration Market Segmentation
North America Nerve Repair & Regeneration Market By Product
Neurostimulation & Neuromodulation Devices
Biomaterials
North America Nerve Repair & Regeneration Market By Application
Neurostimulation & Neuromodulation Applications
Nerve Repair & Regeneration Applications
North America Nerve Repair & Regeneration Market Regions and Countries Covered
North America
US
Canada
Mexico
North America Nerve Repair & Regeneration Market leaders and key company profiles
Axogen Corporation
Boston Scientific Corporation
Integra LifeSciences
Medtronic
Abbott Laboratories
Stryker Corporation
Neuronetics
LivaNova PLC
Baxter
Polyganics BV
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