Canada Nerve Repair And Regeneration Market Size & Outlook
Canada nerve repair and regeneration market, 2018-2030 (US$M)
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Canada nerve repair and regeneration market highlights
- The Canada nerve repair and regeneration market generated a revenue of USD 213.7 million in 2023 and is expected to reach USD 349.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.3% 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 213.7 million |
| Market revenue in 2030 | USD 349.3 million |
| Growth rate | 7.3% (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, Canada accounted for 2.3% 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 North America, U.S. nerve repair and regeneration market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 5,646.4 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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Canada 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 66.45% in 2023. Horizon Databook has segmented the Canada nerve repair and regeneration market based on biomaterials, neurostimulation and neuromodulation devices covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, nerve repair and regeneration market is mainly driven by rising incidence of mental disorders. According to UCB report, around 100,000 people in Canada are living with PD at present and more than 6,600 new cases are diagnosed each year (affects 1 in every 500 people).
In addition, frequent approvals of stimulation devices by Health Canada are anticipated to promote the market growth in this country. For instance, in June 2017, Medtronic received Health Canada license for its SureTune3 software for deep brain stimulation devices.
Increasing preference for epilepsy specialists for deep brain stimulation devices therapy and rising number of epilepsy specialty centers are also key factors boosting demand for deep brain stimulation devices. According to Epilepsy Canada, 0.6% of the Canadian population is affected with epilepsy.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada nerve repair and regeneration market , including forecasts for subscribers. This country databook contains high-level insights into Canada nerve repair and regeneration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada nerve repair and regeneration market size, by product, 2018-2030 (US$M)
Canada Nerve Repair And Regeneration Market Outlook Share, 2023 & 2030 (US$M)
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