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What is the Expected Expansion Rate of the Brachial Plexus Injury Market in the 2024-2033 Forecast?

The brachial plexus injury market size has rapidly expanded in recent years, anticipated to grow from $5.1 billion in 2023 to $5.73 billion in 2024, representing a compound annual growth rate (CAGR) of 12.5%. The historical growth is attributed to the increasing incidence of trauma from road accidents and sports injuries, heightened awareness and early diagnosis of brachial plexus injuries, improvements in healthcare infrastructure and treatment accessibility, a rising geriatric population susceptible to neurological conditions, expanded healthcare insurance coverage for complex surgeries, and regulatory approvals for innovative treatment options.

The brachial plexus injury market is expected to see considerable growth in the coming years, projected to reach $9.22 billion by 2028 at a CAGR of 12.6%. This growth is driven by an aging population leading to a higher demand for nerve repair solutions, the use of advanced imaging for diagnosis, minimally invasive surgical procedures, investments in research and development for biologics, increased healthcare spending in developing nations, and collaborations between medical device companies and research institutions. Major trends include robotic-assisted surgeries, telemedicine for post-operative care, development of bioresorbable materials, AI for patient-specific treatments, expansion of outpatient surgical centers, and a focus on personalized medicine.

What Factors Are Catalyzing the Growth of the Brachial Plexus Injury Market?

An increase in road accidents is expected to accelerate the growth of the brachial plexus injury market in the coming years. The rise in vehicle usage and insufficient enforcement of traffic regulations contribute to risks associated with speeding and driver negligence, resulting in a higher number of road accidents. Treatment for brachial plexus injuries sustained in accidents often involves a combination of surgical procedures, such as nerve grafting or nerve transfer, along with rehabilitative therapies to restore function and mobility in the affected limb.

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Which Segments Are Important in the Brachial Plexus Injury Market Landscape?

The brachial plexus injury market covered in this report is segmented –

1) By Type: Avulsion, Rupture, Neurapraxia, Axonotmesis, Neurotmesis, Neuroma
2) By Diagnosis: Clinical Examination, Electrodiagnostic, Imaging Studies
3) By Treatment: Therapy, Surgery
4) By Indication: Trauma, Inflammation, Contact Sports, Tumors, Radiation Treatment, Other Indications

What Are the Groundbreaking Trends in the Brachial Plexus Injury Market?

Major companies operating in the brachial plexus injury market are developing advanced medical therapies, such as long-acting local analgesics, to enhance pain management. Long-acting local analgesics are pivotal in managing pain in brachial plexus injuries, offering sustained relief via nerve blocks or local infiltration techniques, thus improving patient comfort, supporting rehabilitation, and minimizing systemic side effects associated with traditional pain medications. For instance, in March 2021, Pacira BioSciences Inc., a US-based specialty pharmaceutical company, received FDA approval to expand the label for its non-opioid pain medication EXPAREL (bupivacaine liposome injectable suspension. It contains two additional nerve block indications, such as Adductor canal block, which is used in adult patients to provide regional analgesia for lower extremity treatments, and Sciatic nerve block in the popliteal fossa of adult patients to provide regional analgesia during lower extremity surgeries. The supplemental new drug application (sNDA) is based on two successful Phase 3 studies in which EXPAREL achieved statistically significant and clinically meaningful reductions in postsurgical pain and opioid consumption over 96 hours when compared to bupivacaine HCl after lower extremity surgical procedures such as bunionectomy and total knee arthroplasty.

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What Are the Key Regions Powering Growth in the Brachial Plexus Injury Market?

North America was the largest region in the brachial plexus injury market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brachial plexus injury market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Brachial Plexus Injury Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the brachial plexus injury market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Brachial Plexus Injury Market Include

1. Brachial Plexus Injury Market Executive Summary
2. Brachial Plexus Injury Market Segments
3. Brachial Plexus Injury Market Size And Template Market Growth Rate
4.  Key Brachial Plexus Injury Market Trends
5. Major Brachial Plexus Injury Market Drivers
……
25. Key Mergers And Acquisitions In The Brachial Plexus Injury Market
26. Top Brachial Plexus Injury Companies
27. Brachial Plexus Injury Market Opportunities And Strategies
28. Brachial Plexus Injury Market, Conclusions And Recommendations
29. Appendix

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