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Posted by Lovina Lindy on August 14, 2024 at 10:16pm 0 Comments 0 Likes
Posted by Lovina Lindy on August 14, 2024 at 10:13pm 0 Comments 0 Likes
Global Intraoperative Neuromonitoring Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
Intraoperative neuromonitoring (IONM) or electrophysiologic monitoring is used to monitor the functional integrity of brain, brain stem, spinal cord, or peripheral nerves during surgery. IONM has enormous value in medical industry in terms of patient safety. The assessment of neuronal function during surgical intervention has higher importance to avoid the damage or injury of nervous system. The prevention of permanent damage of neural structure is a vital to circumvent post-operative complications such as paralysis, muscle weakness, hearing loss or further serious complications. The change in perspective of medical technology and increase in adoption of IONM devices are assumed to substantial growth of market in future. Global intraoperative neuromonitoring (IONM) market accounted 4,433.8 USD million in 2020 and is expected to reach 8886.3 USD million by 2030 growing with a CAGR of 7.2% during the forecast period.
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Market Dynamics and Factors:
An increasing prevalence of neurological disorder, rising awareness of patient safety, growing neurological centres is major driver for the growth of the global intraoperative neuromonitoring market. Moreover, growing prevalence of chronic disorders, rising volume of surgeries and increasing emphasis on patient safety during complicated surgeries are some of the other factors which will drive the market. However, the lack of awareness of this application may restrain of the market growth. Moreover, increasing medical tourism as spine surgery to products and service providers are creating immense opportunities for the market growth during forecast timeframe. Further, the increasing adoption of technological advanced procedures, healthcare expenditure for R&D to manufacture newer and innovative technologies, favourable reimbursement policies which are expected to fuel the growth of the global market during the forecast time frame. Further, the lack of appropriate skilled health professional and lack of awareness in developing countries is considered to be the challenge for intraoperative neuromonitoring market.
Market Segmentation :
Global Intraoperative Neuromonitoring Market – By Product
Systems
Accessories
Services
Global Intraoperative Neuromonitoring Market – By Source Type
Insourced Monitoring
Outsourced Monitoring
Global Intraoperative Neuromonitoring Market – By Application
Spinal Surgery
Neurosurgery
Vascular Surgery
Ear Nose Throat (ENT) Surgery
Orthopaedic Surgery
Global Intraoperative Neuromonitoring Market – By End-User
Hospitals
Ambulatory Surgical Centres
Global Intraoperative Neuromonitoring Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is considered to account for a largest share of the global intraoperative neuromonitoring market during the forecast period, owing to well-developed healthcare infrastructure, presence of major players of intraoperative neuromonitoring devices, increasing demand for neurologic care, rising patient safety in this region. Asia pacific is expected to fastest growth of the market due to huge number of population suffering from neurologic disorders, emerging medical tourism and developing healthcare infrastructure. Additionally, Europe is expected to account for a significant share of the market during the forecast period due to well-established health care infrastructure and rising awareness about patient safety during surgery in this region.
Competitive Scenario:
The key players of global intraoperative neuromonitoring markets are Medtronic plc. Computational Diagnostics, Inc., Cadwell Industries, NuVasive, Inc., Inomed Medizintechnik GmbH, Accurate Monitoring LLC, Nihon Kohden Corporation, Moberg Research, Inc., Natus Medical, and SpecialtyCare.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Intraoperative Neuromonitoring industry, although key threats, opportunities and disruptive technologies that could shape the Global Intraoperative Neuromonitoring Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Intraoperative Neuromonitoring Market most.
The data analysis present in the Global Intraoperative Neuromonitoring Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Intraoperative Neuromonitoring Market business.
The 2021 Annual Global Intraoperative Neuromonitoring Market offers:
100+ charts exploring and analysing the Global Intraoperative Neuromonitoring Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Intraoperative Neuromonitoring Market type
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