Intraoperative Neuromonitoring Market To Surpass Well Beyond US$ 30 Million By 2025 At a CAGR of 6.53% over the forecast period (2017 – 2025).
Intraoperative Neuromonitoring Market To Surpass Well Beyond US$ 30 Million By 2025 At a CAGR of 6.53% over the forecast period (2017 – 2025).
Published by Coherent Market Insights
Posted on September 20, 2021
Intraoperative Neuromonitoring Market Size And Forecast
The global Intraoperative Neuromonitoring market was valued at US$ 2,632.4 million in 2016 and is projected to reach US$ 30 Million by 2027, growing At a CAGR of 6.53% from 2020 to 2027.
According to new informative report by Coherent Market Insights an analytical data of Intraoperative Neuromonitoring market has recently added to its massive database. The research report covers various business verticals. It was added based on various dynamic aspects of the business. This statistical report has been prepared using primary and secondary research methods. Well explained Porter’s five analysis and SWOT analysis have been used to examine the strength, weaknesses, threats and opportunities.
Intraoperative neuromonitoring also called as intraoperative neurophysiological monitoring (IOM), is an integral part of surgical procedures that use electrophysiological techniques such as electromyography (EMG), Electroencephalography (EEG), and evoked potentials to monitor the integrity of the neural structures during various surgical procedures. These neural structures include neurons, spinal cord, and several parts of the brain. The IONM helps in the risk reduction from the iatrogenic damage to the nervous system during the surgical procedures by surgeons and anesthesiologists. The intraoperative neuromonitoring techniques help to reduce the mortality and morbidity levels to a significant rate without the new addition of risks. Therefore, intraoperative neuromonitoring techniques have helped to reduce the postoperative complications in a number of surgical procedures.
The high risk to nervous system associated with surgeries increases demand for intraoperative neuromonitoring, which is major factor driving growth of the global intraoperative neuromonitoring market. According to the National Centre for Biotechnology Information (NCBI) 2014, iatrogenic nerve injuries accounted for 17.4% of the total traumatic nerve injuries. Moreover, according to World Health Organization (WHO) factsheet of 2015, around 80% disorders in the disabling conditions are neurological. The favorable reimbursement scenario is also responsible to fuel the market growth. However, lack of skilled professionals to operate these systems and lack of awareness regarding neuromonitoring facilities in emerging countries are some factors that are responsible to restrain the growth of the global intraoperative neuromonitoring market.
Technological advancements in surgical procedures to foster growth of global intraoperative neuromonitoring market Advancements in intraoperative neuromonitoring has resulted in development of technologically sound systems to improve patient monitoring during a surgical procedure. Moreover, the growing popularity of outsourcing IONM services is also responsible to foster the market growth. For instance, in February 2018, SpineTRACK Registry by NuVasive, Inc. qualified clinical data registry by Centers of Medicare & Medicaid Services that allows surgeons to use real time data reports to make on-time and appropriate medical decisions during the surgeries. The market players in the intraoperative neuromonitoring market are also undergoing strategic partnership with various companies to leverage technical expertise of the company so as to inculcate it as a part of the systemor expand the company’s geographic reach. For instance, in December 2017, NuVasive, Inc. entered into a definitive agreement to acquire SafePassage, an intraoperative neuromonitoring service provider that will help the company to strengthen its IONM business worldwide with the help of SafePassage’s expertise in technical aspects associated with IONM.
Detailed Segmentation
By Modality:
Sub-Sensory Evoked Potentials
Motor-Sensory Evoked Potentials
Brainstem Auditory Evoked Potentials
Visual Evoked Potentials
Somatosensory Evoked Potentials
Mapping of Motor Cortex
By Source Type:
Insourced Monitoring
Outsourced Monitoring
By End User:
Hospitals
Ambulatory Surgical Centers
Others
Intraoperative Neuromonitoring Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Intraoperative Neuromonitoring Market
The “Global Intraoperative Neuromonitoring Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Accurate Monitoring, Inomed Medizintechnik GmbH, Neuromonitoring Technologies, Natus Medical Incorporated, Medtronic, Biotronic NeuroNetwork, NuVasive Inc., Sentient Medical Systems, and SpecialityCare.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
Intraoperative Neuromonitoring Market Size And Forecast
The global Intraoperative Neuromonitoring market was valued at US$ 2,632.4 million in 2016 and is projected to reach US$ 30 Million by 2027, growing At a CAGR of 6.53% from 2020 to 2027.
According to new informative report by Coherent Market Insights an analytical data of Intraoperative Neuromonitoring market has recently added to its massive database. The research report covers various business verticals. It was added based on various dynamic aspects of the business. This statistical report has been prepared using primary and secondary research methods. Well explained Porter’s five analysis and SWOT analysis have been used to examine the strength, weaknesses, threats and opportunities.
Intraoperative neuromonitoring also called as intraoperative neurophysiological monitoring (IOM), is an integral part of surgical procedures that use electrophysiological techniques such as electromyography (EMG), Electroencephalography (EEG), and evoked potentials to monitor the integrity of the neural structures during various surgical procedures. These neural structures include neurons, spinal cord, and several parts of the brain. The IONM helps in the risk reduction from the iatrogenic damage to the nervous system during the surgical procedures by surgeons and anesthesiologists. The intraoperative neuromonitoring techniques help to reduce the mortality and morbidity levels to a significant rate without the new addition of risks. Therefore, intraoperative neuromonitoring techniques have helped to reduce the postoperative complications in a number of surgical procedures.
The high risk to nervous system associated with surgeries increases demand for intraoperative neuromonitoring, which is major factor driving growth of the global intraoperative neuromonitoring market. According to the National Centre for Biotechnology Information (NCBI) 2014, iatrogenic nerve injuries accounted for 17.4% of the total traumatic nerve injuries. Moreover, according to World Health Organization (WHO) factsheet of 2015, around 80% disorders in the disabling conditions are neurological. The favorable reimbursement scenario is also responsible to fuel the market growth. However, lack of skilled professionals to operate these systems and lack of awareness regarding neuromonitoring facilities in emerging countries are some factors that are responsible to restrain the growth of the global intraoperative neuromonitoring market.
Technological advancements in surgical procedures to foster growth of global intraoperative neuromonitoring market Advancements in intraoperative neuromonitoring has resulted in development of technologically sound systems to improve patient monitoring during a surgical procedure. Moreover, the growing popularity of outsourcing IONM services is also responsible to foster the market growth. For instance, in February 2018, SpineTRACK Registry by NuVasive, Inc. qualified clinical data registry by Centers of Medicare & Medicaid Services that allows surgeons to use real time data reports to make on-time and appropriate medical decisions during the surgeries. The market players in the intraoperative neuromonitoring market are also undergoing strategic partnership with various companies to leverage technical expertise of the company so as to inculcate it as a part of the systemor expand the company’s geographic reach. For instance, in December 2017, NuVasive, Inc. entered into a definitive agreement to acquire SafePassage, an intraoperative neuromonitoring service provider that will help the company to strengthen its IONM business worldwide with the help of SafePassage’s expertise in technical aspects associated with IONM.
Detailed Segmentation
By Modality:
Sub-Sensory Evoked Potentials
Motor-Sensory Evoked Potentials
Brainstem Auditory Evoked Potentials
Visual Evoked Potentials
Somatosensory Evoked Potentials
Mapping of Motor Cortex
By Source Type:
Insourced Monitoring
Outsourced Monitoring
By End User:
Hospitals
Ambulatory Surgical Centers
Others
Intraoperative Neuromonitoring Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Intraoperative Neuromonitoring Market
The “Global Intraoperative Neuromonitoring Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Accurate Monitoring, Inomed Medizintechnik GmbH, Neuromonitoring Technologies, Natus Medical Incorporated, Medtronic, Biotronic NeuroNetwork, NuVasive Inc., Sentient Medical Systems, and SpecialityCare.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Contact:
Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Email: sales@coherentmarketinsights.com United States of America: +1-206-701-6702 United Kingdom: +44-020-8133-4027 Japan: +050-5539-1737 India: +91-848-285-0837