The global nerve repair and regeneration market size was valued at USD 7.93 billion in 2018 and is projected to expand at a CAGR of 10.7% over the forecast period. Rising cases of neurological disorders and strong product pipeline by the major companies are the key factors driving the market. Improved treatment efficiency for neurological disorders due to several technological advancements is also likely to contribute to the market growth. In March 2016, Baxter completed the CE marking, the indication for marketing of ‘HEMOPATCH’ the ready-to-use surgical patch in the European market. This patch was approved for use as a hemostatic device to prevent loss of blood or any other body fluid and during traumatic injuries of the brain, CNS, or other body parts that result in shrinkage of dura mater.