South Africa Nerve Repair And Regeneration Market Size & Outlook
South Africa nerve repair and regeneration market, 2018-2030 (US$M)
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South Africa nerve repair and regeneration market highlights
- The South Africa nerve repair and regeneration market generated a revenue of USD 176.0 million in 2023 and is expected to reach USD 408.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.8% 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 176.0 million |
| Market revenue in 2030 | USD 408.9 million |
| Growth rate | 12.8% (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, South Africa accounted for 1.9% 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 Middle East & Africa, South Africa nerve repair and regeneration market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 408.9 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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South Africa 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 67.5% in 2023. Horizon Databook has segmented the South Africa nerve repair and regeneration market based on biomaterials, neurostimulation and neuromodulation devices covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa nerve repair and regeneration market is expected to grow at a considerably faster rate of 12.7% in coming years owing to increasing support from government and nonprofit organizations.
Presence of such organizations is expected to fuel market growth over the forecast period. Furthermore, increasing healthcare expenditure and rising adoption of advanced healthcare facilities are major factors driving the market.
For instance, according to an article published by the Economist Intelligence Unit Limited in 2018, the South African government increased the healthcare expenditure by 9.0% from the previous year. Such factors are expected to drive the market, leading to entry of new and key players in the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa nerve repair and regeneration market , including forecasts for subscribers. This country databook contains high-level insights into South Africa nerve repair and regeneration market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa nerve repair and regeneration market size, by product, 2018-2030 (US$M)
South Africa Nerve Repair And Regeneration Market Outlook Share, 2023 & 2030 (US$M)
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