Intraoperative Neurophysiological Monitoring Industry 2018 | INM will boost the market Growth with CAGR of 8.9% by 2027

MarketResearchFuture.com (MRFR) in its recently Announced study report asserts that the “Global Intraoperative Neurophysiological Monitoring Market” growing further will reach USD 1.1 Bn. by 2027, registering 8.9% CAGR Along with Top Companies and Mega Trends.

The Intraoperative Neurophysiological Monitoring (IONM) market, although in its embryonic stage, is still witnessing an outstanding growth over the past couple of years. The growth attributes to the ability of this device in the field of spinal and cranial procedures, reducing the risk of neurological deficits after surgery that involves the nervous system.

Acknowledging the growth, this market perceives currently; Market Research Future (MRFR) has recently published a study report giving out the complete market prognosis up till 2027.

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According to MRFR, the global Intraoperative Neurophysiological Monitoring market gaining further prominence will register a spectacular growth of USD 3.1 billion by 2027, posting a striking 8.9% CAGR during 2016 – 2027.

Although the IONM techniques are widely adopted in developed countries, in various developing nations, they are still in infancy due to the low level of awareness. This, in turn, is creating growth opportunities for various market players to invest in such countries to achieve greater benefits. Growing prevalence of disorders related to the spinal cord is the key factor driving the market growth.

Intraoperative Neurophysiological Monitoring Market – Segments

By Types: Comprises EEG, EMG, and Evoked Potential (EP) among others.

By Methods: Invasive, Non-Invasive, and Minimally Invasive among others.

By Sources: In-house, Outsource, and Tele-Health among others.

By Procedures: Spinal, Neurovascular, Otolaryngology surgeries, and Urology among others.

By Regions: North America, Europe, APAC, and Rest-of-the-World (RoW).

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Key Players:

Argos NeuroMonitoring LP

Accurate Monitoring LLC

Cadwell Laboratories

Emotiv

Computational Diagnostics

Inomed Medizintechnik GmbH

And others.

Intraoperative Neurophysiological Monitoring Market – Regional Analysis

Globally, North America region is expected to lead the IONM market accounting for a significant market share.  Factors substantiating the market growth of this region include growing demand for the spinal and cranial procedures, supported by the growing number of patients suffering from the conditions associated with the spine.

Whereas the world’s second-largest market for IONM - Europe is expected to demonstrate a healthy growth during the review period. Factors such as the well-proliferated healthcare sector, witnessing the growing number of advanced treatment facilities fuelled by the growing demand for better healthcare infrastructure and increasing healthcare expenditures are driving the growth in the Europe market.

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This release was published on openPR.