Nerve Repair and Regeneration Market Insights, Share, Growth Drivers and Future Scope
The surging prevalence of neurological diseases such as fecal incontinence, depression, epilepsy, Alzheimer’s, and Parkin-son’s is one of the major factors responsible for the soaring uti-lization of nerve repair and regeneration devices throughout the globe. As per the Alzheimer’s Association, in 2015, almost 5.3 million people in the age group of 65 and above in the U.S. were found to suffer from Alzheimer’s disease and this number is predicted to rise to 7.1 million by 2025. As per the Parkin-son’s Disease Foundation (PDF), nearly 7—10 million people are suffering from Parkinson’s Disease across the world.
Due to the above-mentioned factors, the global nerve repair and regeneration market size is expected to register tremendous growth over the next several years. The most widely used nerve regeneration and repair devices in healthcare settings all over the world are neuromodulation and neurostimulation de-vices (internal neurostimulation and external neurostimulation devices) and biomaterials (nerve protectors, nerve wraps, nerve connectors, and nerve conduits). Of these two products, the neurostimulation and neuromodulation devices recorded huge sales over the last few years.
Nerve regeneration and repair basically refers to the creation of neurons, new axom, glial cells, and myelin. It assists in the replacement of damaged cellular products and nerve cells and tissues. The neuromodulation and neurostimulation instru-ments are surgically implanted in the brain of the patient and play a major role in creating paresthesia, which is a tingling sensation, in the nerve system at pre-determined time inter-vals. These electric signals generate sensations in the damaged nerves and help majorly in the treatment of neurological ail-ments and chronic pain.
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Therefore, it can be said with full confidence that the demand for nerve repair and regeneration devices will surge across the world in the coming years, primarily due to the increasing inci-dence of chronic pain and neurological diseases all over the world.
