Market revenue in 2023 | USD 55.4 million |
Market revenue in 2030 | USD 104.9 million |
Growth rate | 9.6% (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 |
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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 66.97% in 2023. Horizon Databook has segmented the Colombia nerve repair and regeneration market based on biomaterials, neurostimulation and neuromodulation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Less adoption of advanced healthcare facilities and declining healthcare expenditure by the government are major factors restraining the market growth in Colombia. For instance, according to the OECD Health Statistics 2019, the healthcare expenditure in Colombia was around 7.2% in 2017, whereas in 2015, it was around 7.4%.
. In addition, lack of adequate number of hospitals & clinics in the country is a major factor restraining market growth. Such scenario restricts key players from entering the Colombian market as the scope for growth is significantly low. Furthermore, lack of skilled professionals and proper knowledge regarding technologically advanced products is a major drawback impeding market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia nerve repair and regeneration market , including forecasts for subscribers. This country databook contains high-level insights into Colombia nerve repair and regeneration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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