The nerve repair and regeneration market in North America is growing significantly (at a CAGR of 11.4%) and showcases several opportunities for market players, such as the growing demand for treatment and procedures for intensely damaged nerves.
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Technological advancements are a key driver for this market. Many leading companies are focusing on innovation to increase the accuracy of surgery. For instance, in November 2014, Stryker Corporation’s spine division launched its anchor-based ALIF technology, the Aero-AL system. The product was launched at the North American Spine Society’s Annual meeting in San Francisco (U.S.).
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Regulatory approvals for innovative products are also supporting to the growth of the nerve repair and regeneration market.
Canada is the fastest-growing country for the nerve repair and regeneration market. This growth is due to various factors including increasing disease diagnosis such as Parkinson’s and epilepsy, M&A amongst market players, rising aging population, and increasing number of surgeries.
