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Intraoperative Neuromonitoring Market Growing at a CAGR of 7.6% by 2027 Says, The Insight Partners

Intraoperative Neuromonitoring Market Growing at a CAGR of 7.6% by 2027 Says, The Insight Partners
The intraoperative neuromonitoring market is expected to reach US$ 4,199.95 million in 2027 from US$ 2,341.92 million in 2019. The market is estimated to grow with a CAGR of 7.6% from 2020 to 2027.

According to The Insight Partners latest study on “Intraoperative Neuromonitoring Market to 2027 – COVID-19 Impact and Global Analysis and Forecast by Product, Source, Modality, Application, and End User,” The report provides trends prevailing in the global intraoperative neuromonitoring market, and the factors driving the market growth along with those hindering it.

Strategic Insights:

Report Coverage             

(Details)

Market Size Value in      

(US$ 2,946.47 million in 2019)

Market Size Value by    

(US$ 2,341.92 million in 2019)

Growth Rate     

(CAGR of 7.6% from 2020 to 2027)

Forecast Period

(2020-2027)

Base Year           

(2020)

No. of Pages     

(191)

No. Tables          

(87)

No. of Charts & Figures

(69)

Segments covered         

(Product, Source, Application, Modality, End User and Geography)

Regional scope 

(North America; Europe; Asia Pacific; Latin America; MEA)

Country scope  

(US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina)

Report coverage             

(Revenue forecast, company ranking, competitive landscape, growth factors, and trends)

Get Sample PDF Copy of Intraoperative Neuromonitoring Market at: https://www.theinsightpartners.com/sample/TIPRE00004076/

Intraoperative neuromonitoring systems help in the identification of neural structures during a surgery helping the surgeons to prevent any damage to the nervous system. These systems identify any progressive threat to the nervous system and alert the surgeon prior to reaching the patients threshold for injury. The global intraoperative neuromonitoring market is driven by factors such as rising incidences of neurological disorders and increasing technological advancements in the field of neuromonitoring. However, lack of skilled professionals hampers the market growth. Additionally, increasing research activities in the nerve monitoring field is likely to create growth opportunities for the market during the forecast period.

Rising Incidences of Neurological Disorders

The growing prevalence of neurological disorders and increasing emphasis on patient safety during complicated surgeries are driving the growth of the intraoperative neuromonitoring market. Neurological diseases encompass the brain, spine, and the nerve disorders. The neurovascular systems are dependent on the continuous supply of oxygen and nutrients. The supply of oxygen and nutrients to the brain is essential for its working. Therefore, a defect in the system can impair the function and become a life-threatening factor. Neurological complications include stroke and spinal cord ischemia. During recent years, the prevalence of neurological disorders has increased significantly. For instance, the cerebral aneurysm is one of the neurovascular diseases that is rising significantly worldwide. Nearly 30,000 people in the US suffer from brain aneurysm rupture every year.

Moreover, traumatic brain injuries have also increased worldwide, leading to brain-related fatalities. A per the American Association of Neurological Surgeons, approximately 1.7 million cases of traumatic brain injuries (TBI) occur every year in the US. Also, it costs around US$ 48-56 billion annually to the economy. There are approximately 235,000 hospitalizations for TBI every year in the US. Intraoperative neuromonitoring (IONM) is the only option to assess the early symptoms and conditions during emergency brain trauma. These benefits have made it mandatory in neurosurgeries.

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

Download the Latest COVID-19 Analysis on Intraoperative Neuromonitoring Market Growth Research Report at: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00004076

Based on product, the intraoperative neuromonitoring market is segmented into system, accessories, and services. The system segment held the largest share of the market in 2019. Systems in intraoperative monitoring are becoming a crucial factor in neurosurgery as it offers an early warning concerning motor & sensory functions during surgery, thus yielding better results by avoiding post-operative neurophysiological deficits. Moreover, the services segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on source, the intraoperative neuromonitoring market is segmented into insourced monitoring and outsourced monitoring. The insourced monitoring segment held the largest share of the market in 2019. However, the outsourced monitoring segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on application, the intraoperative neuromonitoring market has been segmented into spinal surgery, neurosurgery, vascular surgery, ENT surgery, orthopedic surgery, and other surgeries. The spinal surgery segment held the largest share of the market in 2019. However, orthopedic surgery segment is estimated to register the highest CAGR in the market during the forecast period.

Based on modality, the intraoperative neuromonitoring market is segmented into motor evoked potentials, somatosensory evoked potentials, electroencephalography, electromyography, brainstem auditory evoked potentials, and visual evoked potentials. The somatosensory evoked potentials segment held the largest share of the market in 2019; however, the electromyography segment is anticipated to register the highest CAGR in the market during the forecast period.

Intraoperative Neuromonitoring Market: Competitive Landscape and Key Developments

Accurate Monitoring LLC, Computational Diagnostics, Inc, Intranerve, LLC, Inomed Medizintechnik GMBH, Medtronic Plc, Moberg Research Inc, Natus Medical Incorporated, Nihon Kohden Corporation, Nuvasive Inc, and Speciality Care are among the leading companies operating in the intraoperative neuromonitoring market.  

Order a Copy of Intraoperative Neuromonitoring Market Shares, Strategies and Forecasts 2020-2027 Research Report at: https://www.theinsightpartners.com/buy/TIPRE00004076/

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/pr/intraoperative-neuromonitoring-market

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