Towards Healthcare
Resorbable Nerve Conduits Market Size and Investments by 2034

Resorbable Nerve Conduits Market to Attain $5.28 Bn by 2034

Resorbable nerve conduits, made from materials like polyglycolic acid (PGA) and collagen, restore sensory and motor functions more effectively than autografts. In September 2024, Neuraptive Therapeutics received FDA breakthrough designation for NTX-001, while Nalu Medical secured $65 million for its neurostimulation products.

The global resorbable nerve conduits market size was estimated at US$ 2.31 billion in 2023 and is projected to grow to US$ 5.28 billion by 2034, rising at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2034. The rising demand to treat nerve injuries by reducing the risk of inflammation and regenerating nerve with the presence of foreign body is increasing the adoption of resorbable nerve conduit market.

Resorbable Nerve Conduits Market Revenue 2023 - 2034

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Market Overview

Resorbable nerve conduit devices may be derived from natural or synthetic materials. Utilization of a resorbable PGA (polyglycolic acid) tube filled with collagen sponge restores both sensory and motor electrophysiological functions. This technique is also considered superior to an autograft technique. The combination of a resorbable synthetic tube with biological factors leads the way in advancing the future. This strategy encourages and hastens nerve growth. The incorporation of several neurotrophic factors has demonstrated the capability to promote axonal growth in vitro. However, its use in vivo is still undiscovered.

  • In September 2024, the US Food and Drug Administration (FDA) granted breakthrough therapy designation (BTD) to Neuraptive Therapeutics Inc.’s NTX-001 for the treatment of patients with peripheral nerve injury requiring repair. The BTD is awarded on the promising result of the Phase II NEUROFUSE study and as per US regulations.
  • In January 2024, Nalu Medical, a privately held commercial medical device company, announced $65 million in equity financing to support their minimal invasive neurostimulation product. The company has received FDA approval for spinal cord stimulation and peripheral nerve stimulation technology to treat patients with chronic neuropathic pain.

Emerging Biomaterial: Opportunity of Resorbable Nerve Conduits Market

The innovation of biodegradable nanomaterial is expected to be beneficial for manufacturing new nerve conduits. Combining an adequate density and 3D structure to design a scaffold with Schwann Cells can replicate Bands of Büngner to enhance the regrowth of axons in the peripheral nerve injury. To eliminate the immune rejection. Schwann Cells can be withdrawn from either umbilical stem cells or other tissues such as autologous adipose tissue. This collaboration application of tissue, cell and genetic engineering can provide promising results in better functional recovery of peripheral nerve injury.

Design Challenges Faced by Resorbable Nerve Conduits Market

The clinical potential of nerve conduit technology needs a strategic design, biomaterial selection, fabrication technique and modification to create a microenvironment to mimic the natural process of regeneration. There has been a significant process in designing and functionality of bioengineered nerve conduits to bridge long peripheral nerve gaps. However, implementation of the same strategy into a commercial scale has not been achieve yet. This area requires special attention which slowing down the market growth.

Regional Insights

Key Players Emerging: North America to Sustain as a Leader

North America dominated the resorbable nerve conduit market in 2023. The dominance of this region is attributed to the strong presence of major companies in North America. The companies had increased in manufacturing of novel nerve repair products. The United States-based private medical companies are focusing on developing more advanced mineral and collagen-based medical devices to regenerate naturally.

Consistent development in innovative techniques and devices such as nerve conduits, neurostimulation devices and bioengineered material resulting in improved nerve injury treatment is observed by key players of the market including Axogen, Integra Lifesciences, Boston Scientific Corp., Medtronic, Baxter, Regenity Bioscience and many more.

R&D Efforts on Rise: Asia’s Factor to Expand

Asia Pacific is expected to grow at the fastest rate over the forecast period. The growth in this region is noticed by the rising awareness about nerve repair treatment and surgeries and progress in the Research and Development team. Peripheral nerve repair and regeneration awareness is particularly observed in countries such as China, Japan, and South Korea. Increasing demand for neurological products and the prevalence of neurological disorders is encouraging the R&D team to progress.

Segmental Insights

By material, the synthetic polymer segment dominated the resorbable nerve conduits market in 2023. The dominance is observed due to the advantages offered by synthetic material in the fabrication of the device for peripheral nerve injury. The readily availability and engineered to modify its physical and mechanical characteristics such as strength, permeability and degradation rate promotes growth in the market.

The natural polymer segment is observed to be the fastest-growing in the resorbable nerve conduits market during the forecast period. The growth of this segment is due to the mitigation of the second surgery needed to remove the implant and prevent the long-term compression of the nerve. Some commonly used natural polymers are laminin, fibronectin, and collagen.

By application, the peripheral nerve repair segment led the resorbable nerve conduit market in 2023. This dominance is noticed due to the segment’s popularity in to use of resorbable nerve conduits. The nerve conduit aids in bridging gaps in peripheral nerves. This is easy to apply and does not require a donor site.

The spinal cord repair segment shows a notable growth in the resorbable nerve conduits market during the forecast period. Spinal cord injuries are repaired by guiding axonal regeneration and creating a protective environment for neurons. With the help of prostheses and medicines, researchers are promoting nerve cell regeneration and improving the function of the nerve that remains after a spinal cord injury.

By conduit design, the multi-lumen conduits segment dominated the resorbable nerve conduits market in 2023. Multi-lumen conduits promote regeneration of peripheral nerve by biding a 10 mm gap. During the regeneration process multi-lumen conduit can control the release of neurotrophic factors. The use of multi-lumen conduit is more advantageous over others due to its better mimic of natural structure.

The branch conduit segment is observed to be the fastest-growing in the resorbable nerve conduits market during the forecast period. The growth is noticed as branch nerve conduit can be customized by 3D printing technology. This offers the desired shape and addition of active cells.

By mechanism of action, the neurotrophic conduit segment dominated the resorbable nerve conduits market by holding the largest market share. Neurotrophic factors are polypeptide systems that support cell survival. It also acts upon motor and sensory neuron regeneration both in vivo and in vitro.

The Glial conduit segment is anticipated to grow at the fastest rate in the resorbable nerve conduits market over the projected period. The growth of this segment is linked with the regeneration of axons by providing a supportive environment.

By regeneration level, the complete regeneration segment accounted for the largest share of the resorbable serve conduits market in 2023. The segment is dominated by successful recovery of nerve injury by increasing the adoption of advanced nerve repair techniques. Regaining the sensory functions and movement claims for complete recovery of regeneration.

The partial regeneration segment is anticipated to witness significant growth in the resorbable nerve conduits market over the studied period. Partial regeneration is encountered by the slow recovery of the injured nerve when the recovery rate is 1 millimetre per day and 1 inch per month. Slow recovery leads to unsatisfactory patients.

Top Companies in Resorbable Nerve Conduits Market

  • AxoGen
  • Integra Lifesciences
  • Boston Scientific Corp.
  • Medtronic
  • Baxter
  • Regenity Bioscience
  • NEUROMetrix
  • Toyobo
  • Checkpoint Surgical
  • Orthomed
  • SIA
  • Alafair
  • Abbott
  • Synapse
  • KeriMedical
  • Nevro
  • Ortho Cell
  • Epineuron

Latest Announcements by Industry Leaders

  • In June 2024, the CEO and President of Axogen, Karen Zaderej claimed that product innovation is integral to the mission at Axogen. She states, “With the launch of Avive+ Soft Tissue Matrix, the company is enhancing its comprehensive solutions for nerve protection and addressing a significant need for patients with compression to non-transected nerve injuries.”
  • In September 2024, Sergio Aguirre, CEO and co-founder of Epineuron expressed his proud the success of the company by stating “the delightfulness to see the translation of regenerative electrical stimulation into a product that has the possibility to fit the broadest set of surgical applications in peripheral nerve.”

Recent Development

  • In June 2024, Axogen, a leading company focused on peripheral nerve regeneration and repair, launched the Avive+ Soft Tissue matrix. This is a resorbable and multi-layer amniotic membrane allograft which offers temporary protection and tissue separation during the healing of peripheral nerve.
  • In June 2024, NurExone Biologic Inc. a pioneering biopharmaceutical company, announced their pre-clinical study to explore the potential of NurExone’s Exosome-based therapies in regenerating damaged optic nerves.

Segments Covered in the Report

By Material

  • Synthetic Polymer
  • Natural Polymer
  • Hybrid Material

By Application

  • Peripheral Nerve Repair
  • Spinal cord Repair
  • Cranial Nerve Repair

By Conduit Design

  • Tubular Conduits
  • Multi-Lumen Conduits
  • Branched Conduits

By Mechanism of Action

  • Neurotrophic Conduits
  • Glial Conduits
  • Axonal Guidance Conduits

By Regeneration Level

  • Complete Regeneration
  • Partial Regeneration
  • No Regeneration

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Insight Code: 5319
  • No. of Pages: 150+
  • Format: PDF/PPT/Excel
  • Published: November 2024
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2022
  • Base Year: 2023
  • Estimated Years: 2024-2033

About The Author

Deepa has certified the degree of Master’s in Pharmacy in the Pharmaceutical Quality Assurance department from Dr D.Y. Patil College of Pharmacy. Her research is focused on the healthcare industry. She is the author or co-author of four Review Articles, which include Solid dispersion a strategic method for poorly soluble drugs and solubility improvement techniques for poorly soluble drugs, Herbal Drugs Used In Treatment Of Cataracts, Nano sponges And Their Application in Cancer Prevention and Ayurvedic Remedies of Peptic ulcer. She has also published a Research Article on the Formulation and Evaluation of Mucoadhesive Tablets of Miconazole cocrystal which was published in GIS Science Journal Volume 9 Issue 8. Her passion for secondary research and desire to take on the challenge of solving unresolved issues is making her flourish is the in the research sector.

FAQ's

Nerve regeneration is required to restore function caused by severe nervous system injuries.

Erythropoietin, tacrolimus, N-acetylcysteine, and geldanamycin are commonly used medicines for peripheral nerve repair. This medicine increases sensory nerve regeneration and promotes axon regeneration.

The recovery of the nerve depends on the severity of the nerve. Some damaged nerves heal on their own and some need to be operated on.

National institute of health, PubMed, NervGen, ScienceDirect, Neupsy Key