Asian Nerve Repair & Regeneration Market by Type (Neurostimulation, Nerve Conduits, Nerve Protectors, Nerve Wraps, Nerve Connectors), by Procedure (Direct Nerve Repair, Nerve Grafting, Neuromodulation Surgery, Stem Cell Therapy) - Analysis and Forecast to 2019
The Asian nerve repair and regeneration market comprises various types of products that can be segmented into nerve repair by biomaterials and nerve repair by neurostimulation, of which Nerve repair by Neurostimulation holds the highest market share of 57 %, followed by nerve repair by biomaterials with a market share of 43 % .
The Asian Nerve repair and regeneration market is projected to grow at a CAGR of 11.7 % by 2019, which is driven by several factors such as technological advancements and an increasing number of neuro injuries that have provided a whole lot of growth opportunities for the market.
In the Asian region, the maximum market share is held by Japan and China, due to the increasing diseases related to nerves such as Parkinson’s and Epilepsy, as these are the major application areas for the devices , along with an increase in the population. All the same, nerve repair by neurostimulation is also widely used. The report focuses on in-depth growth analysis in terms of market values in the respective geography and the market share of various companies that excel in these areas.
Technological advancements have been a major driving factor of the market, which has been deeply analysed and put through the reports. Due to this increasing demand, the government has also shown its support; however, certain stringent rules and regulations such as the implementation of taxes may hamper the growth of the market.