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US Surgical Neurological Monitoring Market Report Provide Market Strategies with Growing Demand Focuses for New Technologies with Future Scenario

02-04-2019 11:16 AM CET | Health & Medicine

Press release from: Allied Market Research

US Surgical Neurological Monitoring Market

US Surgical Neurological Monitoring Market

The US Surgical Neurological Monitoring Market is expected to reach $ 1,938 million by 2022 and is expected to grow at an annual average rate of 6.6% from 2016 to 2022.

The IONM system segment accounted for nearly half of the total market in 2015. These systems help identify neural structures during surgery. This helps surgeons avoid damage to the nervous system during surgery and reduce postoperative complications. The US IONM market is on the rise due to increased number of surgeries, increased elderly population, increased prevalence of chronic diseases, and increased adoption of IONM during complex surgery.

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The key players profiled in this report include
• Accurate Monitoring LLC.
• Computational Diagnostics Inc.
• Intranerve LLC.
• Inomed Medizintechnik GmbH
• Medtronic Plc
• Moberg Research Inc. (Dayone Medical LLC.)
• Natus Medical Incorporated
• Nihon Kohden Corporation
• Nuvasive Inc.
• Specialtycare.

Depending on the type of source, the US IONM market is divided into outsourcing monitoring and in-service monitoring. Outsourcing monitoring is expected to have the highest CAGR because of advantages over insulation monitoring. Current hospitals generally do not prefer facility monitoring because they can not provide standardized training to improve service quality, as they typically require the appointment of full-time staff with the necessary skills. Therefore, outsourcing monitoring is required by the Hospital and Ambulatory Care Center (ASC).

Based on end users, the US IONM market is classified as a hospital and outpatient surgery center (ASC). The hospital sector was a major revenue contributor in 2015 due to an increase in the number of hospitals, an increase in the number of surgeries, and increased outsourcing monitoring in the hospital. However, the outpatient surgery center is expected to grow fast during the forecast period as the number of operations increases at the outpatient surgery center.

Depending on the situation, the market has been studied in all states in the United States, and California has been a major revenue driver in 2015 due to increased use of IONM procedures, a surge in neurological and orthopedic surgeries, easy availability of trained medical professionals, and presence Developed medical infrastructures with high healthcare spending But Washington is seeing the fastest market growth during the forecast period due to increased adoption of IONM in various surgical procedures, increased incidence of chronic diseases, and increased healthcare spending in the population.

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Key Finding of the Intraoperative Neuromonitoring Market:
• Based on application, the spinal surgery segment accounted for more than one-fourth of the total market in 2015.
• As per modality, the electromyography (EMG) segment accounted for more than one-fourth of the U.S. market in 2015.
• According to product & service, the IONM service segment is expected to grow at a high CAGR of 9.4% during the forecast period, owing to an increase in the demand for IONM service providers.
• On the basis of end user, the hospital segment accounted for nearly half of the total market share in 2015.
• State-wise, Washington is expected to grow at a CAGR of 10.1% during the forecast period 2016 to 2022.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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