Europe Nerve Repair And Regeneration Market Size & Outlook
Europe nerve repair and regeneration market, 2018-2030 (US$M)
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Europe nerve repair and regeneration market highlights
- The Europe nerve repair and regeneration market generated a revenue of USD 2,635.0 million in 2023.
- The 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,635.0 million |
| Market revenue in 2030 | USD 6,082.7 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Neurostimulation and neuromodulation devices |
| Fastest growing segment | Biomaterials |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 28.8% of the global nerve repair and regeneration market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,642.7 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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Europe 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 66.67% in 2023. Horizon Databook has segmented the Europe nerve repair and regeneration market based on biomaterials, neurostimulation and neuromodulation devices covering the revenue growth of each sub-segment from 2018 to 2030.
Europe follows North America in terms of share of nerve repair and regeneration market. Presence of well-established medical centers providing stimulation therapy is a high-impact rendering driver for growth in this region. On an average, almost 0.3 million people suffer from peripheral nerve injuries every year causing morbidity and disability.
In addition, increase in the number of government-funded research projects, such as IMPACT, to promote awareness and improve quality of patients’ lives is anticipated to fuel the growth of nerve repair and regeneration market. Industry players are also striving to capitalize opportunities in this region.
In April 2021, Polyganics, a medical device firm that develops, manufactures, and sells bioresorbable medical devices, announced its relocation to a state-of-the-art, purpose-built facility on Groningen's Zernike Campus. Polyganics' research laboratories, manufacturing and packaging facilities, and offices will all be housed in the new structure.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe nerve repair and regeneration market , including forecasts for subscribers. This continent databook contains high-level insights into Europe nerve repair and regeneration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe nerve repair and regeneration market size, by country, 2018-2030 (US$M)
Europe Nerve Repair And Regeneration Market Outlook Share, 2023 & 2030 (US$M)
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