Intraoperative Neuromonitoring Market (Covid-19) Impact and Analysis by 2027 | Accurate Monitoring, Computational Diagnostics, Intranerve, Inomed Medizintechnik GMBH, Medtronic, Moberg Research, Natus Medical Incorporated, Nihon Kohden Corporation, Nuvasi
The Insight Partners analysts forecasts the latest report on “Intraoperative Neuromonitoring Market (Covid-19) Impact and Analysis by 2027”, according to report; The Intraoperative Neuromonitoring Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Intraoperative Neuromonitoring Market.The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Intraoperative Neuromonitoring Market.
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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.
Some of the Major Market Players Are:
Accurate Monitoring LLC
Computational Diagnostics Inc
Intranerve LLC
Inomed Medizintechnik GMBH
Medtronic Plc
Moberg Research Inc
Natus Medical Incorporated
Nihon Kohden Corporation
Nuvasive Inc
Speciality Care
Market Insights
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.
Rising prevalence of neurological diseases is anticipated to drive the need for the IONM, in turn, increasing demand for IONM products worldwide.
Product Insights
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.
Source Insights
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.
Application Insights
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.
Modality Insights
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.
End User Insights
Based on end-user, the intraoperative neuromonitoring market has been segmented into hospitals and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2019, and continued to dominate the market during the forecast period.
Strategic Insights
The product launch and approval strategies are commonly adopted by companies to expand their global footprint and product portfolio to meet the growing consumer demand. The intraoperative neuromonitoring market players adopt the strategy of collaborations to enlarge customer base worldwide, which permits them to maintain their brand name globally.
Global Intraoperative Neuromonitoring Market – By Product
• Systems
• Accessories
• Services
Global Intraoperative Neuromonitoring Market – By Source
• Insourced Monitoring
• Outsourced Monitoring
Global Intraoperative Neuromonitoring Market – By Application
• Spinal Surgery
• Neurosurgery
• Vascular Surgery
• ENT Surgery
• Orthopedic Surgery
• Other Surgeries
Global Intraoperative Neuromonitoring Market – By Modality
• Motor Evoked Potentials
• Somatosensory Evoked Potentials
• Electroencephalography
• Electromyography
• Brainstem Auditory Evoked Potentials
• Visual Evoked Potentials
Global Intraoperative Neuromonitoring Market – By End User
• Hospital
• Ambulatory Surgery Centers
The report analyses factors affecting the Intraoperative Neuromonitoring Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Intraoperative Neuromonitoring Market in these regions.
Moreover, the report entails the estimate and analysis for the Intraoperative Neuromonitoring Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Intraoperative Neuromonitoring Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Intraoperative Neuromonitoring Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Intraoperative Neuromonitoring Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in The Intraoperative Neuromonitoring Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Major Features of Intraoperative Neuromonitoring Market Report:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Intraoperative Neuromonitoring market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Intraoperative Neuromonitoring market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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