Peripheral Nerve Repair Devices Market Report 2025

This Peripheral Nerve Repair Devices market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The peripheral nerve repair devices market size has grown strongly in recent years. It will grow from $6.17 billion in 2024 to $6.72 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth during the historic period can be attributed to factors such as the rising demand for effective repair devices, increased healthcare spending, a higher need for nerve repair devices, greater focus on product development and regulatory approvals, and an increased demand for biomaterials.

The peripheral nerve repair devices market size is expected to see strong growth in the next few years. It will grow to $9.34 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth during the forecast period can be attributed to factors such as the rising prevalence of nerve injuries, the increasing incidence of neurological disorders, a greater focus on patient-centric solutions, growing demand for effective treatment options, and an aging population. Key trends expected in the forecast period include technological advancements, new product launches, regulatory approvals, partnerships and collaborations, and the integration of technology.

The growing prevalence of neurological disorders is anticipated to drive the expansion of the peripheral nerve repair devices market in the coming years. Neurological disorders encompass a range of conditions that impact the brain, spinal cord, and nerves, resulting in difficulties with movement, cognition, and other neurological functions. Factors such as an aging population, improved diagnostic techniques, environmental influences, genetic predispositions, and lifestyle habits such as poor diet and lack of exercise contribute to the rising incidence of these conditions. Peripheral nerve repair devices support the treatment of neurological disorders by fostering nerve regeneration, improving functionality, and promoting healing through methods such as electrical stimulation and bioactive materials. For example, in May 2024, the Alzheimer's Society, a UK-based dementia charity, reported that around one million people in the UK were living with dementia in 2024, a number projected to rise to 1.4 million by 2040. As a result, the increasing prevalence of neurological disorders is fueling growth in the peripheral nerve repair devices market.

Leading companies in the peripheral nerve repair devices market are focusing on the development of advanced technologies, such as 3D nerve guide matrices, to improve nerve regeneration and patient outcomes. These matrices are sophisticated biomaterials that act as scaffolds, aiding in the regeneration of damaged peripheral nerves. For example, in May 2022, Integra LifeSciences, a US-based company specializing in science and healthcare, introduced the NeuraGen 3D Nerve Guide Matrix. This resorbable implant is designed for repairing peripheral nerve discontinuities, especially those with gaps ranging from 1 to 2 cm. The matrix consists of an outer conduit made from bovine Type I collagen and an inner structure that fosters Schwann cell migration and axonal growth. By creating a more conducive healing environment, NeuraGen 3D is intended to improve functional recovery over traditional nerve repair techniques, representing a notable advancement in peripheral nerve injury treatment.

In October 2022, Collagen Matrix Inc., a US-based medical device company, acquired Polyganics B.V. for an undisclosed amount. This acquisition allows Collagen Matrix to broaden its bioresorbable solutions portfolio and strengthen its regenerative medicine capabilities, with a focus on expanding into general surgery and neurosurgery markets. Polyganics B.V. is a Netherlands-based company that specializes in creating bioresorbable devices for peripheral nerve repair (PNR) and other surgical applications.

Major players in the peripheral nerve repair devices market are Abbott Laboratories Inc., Medtronic Plc, Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, Terumo Corporation, Teleflex Incorporated, Integra LifeSciences Holdings Corporation, LivaNova PLC, Nevro Corp., KLS Martin Group, Axonics Modulation Technologies Inc., Axogen Corporation, Toyobo Co. Ltd., NeuroPace Inc., SPR Therapeutics Inc., Biotronik, Neuraptive Therapeutics Inc., Synovis Micro Companies Alliance Inc., and Synapse Biomedical Inc.

Asia-Pacific was the largest region in the peripheral nerve repair devices market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in peripheral nerve repair devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the peripheral nerve repair devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Peripheral nerve repair devices are medical tools and implants used to restore the function of damaged or severed peripheral nerves. These devices, which include nerve conduits, wraps, and grafts, promote nerve regeneration by providing a supportive scaffold and protecting the repair site to aid in recovery.

The primary types of peripheral nerve repair devices include nerve grafts, nerve protectors, and nerve conduits. Nerve grafts involve using a piece of nerve tissue to repair or replace damaged nerves, aiding in the reconnection and regrowth of nerve fibers. These grafts are used in various applications, such as extremity trauma, breast neurotization, carpal and cubital tunnel revision, and oral and maxillofacial procedures. They are typically used in hospitals, ambulatory surgical centers, and clinics.

The peripheral nerve repair devices market research report is one of a series of new reports that provides peripheral nerve repair devices market statistics, including peripheral nerve repair devices industry global market size, regional shares, competitors with a peripheral nerve repair devices market share, detailed peripheral nerve repair devices market segments, market trends and opportunities, and any further data you may need to thrive in the peripheral nerve repair devices industry. This peripheral nerve repair devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The peripheral nerve repair devices market consists of sales of products including nerve conduits, nerve wraps, nerve grafts, and synthetic nerve scaffolds. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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