Market revenue in 2023 | USD 579.9 million |
Market revenue in 2030 | USD 1,542.1 million |
Growth rate | 15% (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 67.17% in 2023. Horizon Databook has segmented the Germany 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 prevalence of nerve injury is high in young men aged 16 to 35 years, whereas women account for only 20% to 30% of these cases. This can be attributed to the increase in number of road and industrial accidents. Private organizations are highly involved in funding research for development of better treatment options in nerve repair.
The presence of a well-established healthcare system in Germany, which includes qualified personnel and upgraded medical facilities, as well as rapid adoption of technologically advanced products, are driving the nerve repair and regeneration market.
According to OECD, Germany spent 12.5% of GDP on healthcare in 2020. Furthermore, high insurance coverage enables everyone in the country access to healthcare, propelling the healthcare industry.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany nerve repair and regeneration market , including forecasts for subscribers. This country databook contains high-level insights into Germany nerve repair and regeneration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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