Australia Nerve Repair And Regeneration Market Size & Outlook
Australia nerve repair and regeneration market, 2018-2030 (US$M)
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Australia nerve repair and regeneration market highlights
- The Australia nerve repair and regeneration market generated a revenue of USD 235.2 million in 2023 and is expected to reach USD 542.8 million by 2030.
- The Australia 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.
Nerve repair and regeneration market data book summary
| Market revenue in 2023 | USD 235.2 million |
| Market revenue in 2030 | USD 542.8 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Neurostimulation and neuromodulation devices |
| Fastest growing segment | Biomaterials |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.6% of the global nerve repair and regeneration market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India nerve repair and regeneration market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 710.8 million by 2030.
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Nerve Repair And Regeneration Market Scope
Nerve Repair And Regeneration Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 will help companies and investors design strategic landscapes.
Neurostimulation and neuromodulation devices was the largest segment with a revenue share of 67.05% in 2023. Horizon Databook has segmented the Australia nerve repair and regeneration market based on biomaterials, neurostimulation and neuromodulation devices covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing geriatric population, growing prevalence of neurological disorders, and research and development in neurology are driving the market. Neurological disorders account for the third leading cause of death in Australia.
With growing age, the incidences of the varied neurological disorders also increase as the brain and central nervous system also experience aging process. One in every 340 Australians possess Parkinson’s disease.
Various institutes are collecting funds for conduction of the stem cell research. In July 2018, the Stem Cells Australia (SCA) secured USD 3 million for stem cell research from the MRFF Accelerated Research.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia nerve repair and regeneration market , including forecasts for subscribers. This country databook contains high-level insights into Australia nerve repair and regeneration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia nerve repair and regeneration market size, by product, 2018-2030 (US$M)
Australia Nerve Repair And Regeneration Market Outlook Share, 2023 & 2030 (US$M)
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