Intraoperative Neuromonitoring Market Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report, the Intraoperative Neuromonitoring Market is expected to be valued at USD 5,218.1 million in 2022, growing at a 7.3% CAGR from 2022 to 2028. The primary driver of the expansion of the global Intraoperative Neuromonitoring market is the increasing prevalence of chronic disorders, such as stroke, epilepsy, Alzheimer's disease, and Parkinson's disease, and the growing emphasis on patient safety during complex surgical procedures.

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The outsourced Monitoring Segment to Dominate the Intraoperative Neuromonitoring Market:
On the basis of source type, the outsourced Monitoring segment is anticipated to have the fastest growth during the forecast period, due to having features like cost-effectiveness and accessibility of dedicated service providers, hospitals and healthcare centers choose to outsource their intraoperative neuromonitoring needs. Intraoperative Neuromonitoring devices are being continuously advanced and modified. Outsourcing monitoring relieves hospitals of the financial burden of buying and maintaining this equipment.

North America Intraoperative Neuromonitoring Market:
North America will expect to dominate the market with a significant market share during the forecasted period due to the favorable reimbursement scenario and the upsurge in the cases of neurological disorders. According to the National Institute of Health, in the U.S., each year, around 795,000 people have a stroke, resulting in 137,000 deaths. Additionally, as per the Migraine Research Foundation, in 2020, around 35 million U.S. people suffer from migraine headaches. Furthermore, almost 43% of women and 18% of men are projected to experience migraines in the country. Consequently, rising cases of neurological disorders, such as TBI, migraine, and stroke, are further support to boost the market growth in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Intraoperative Neuromonitoring market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The intraoperative neuromonitoring market is segmented based on product and service, source type, modality, application, end user, and geography.
Based on the product and service, the market is segmented into the following:
• Systems
• Accessories
• Services

Based on the source type, the market is segmented into the following:
• Insourced Monitoring
• Outsourced Monitoring

Based on the modality, the market is segmented into the following:
• Motor Evoked Potentials (MEPs)
• Somatosensory Evoked Potentials (SSEPs)
• Electroencephalography (EEG)
• Electromyography (EMG)
• Brainstem Auditory Evoked Potentials (BAEPs)
• Visual Evoked Potentials (VEPs)

Based on the application, the market is segmented into the following:
• Spinal Surgery
• Neurosurgery
• Vascular Surgery
• ENT Surgery
• Orthopedic Surgery
• Other Surgeries

Based on the end user, the market is segmented into the following:
• Hospitals
• Ambulatory Surgical Centers (ASCs)

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Intraoperative Neuromonitoring Market report are Computational Diagnostics Inc., Inomed Medizintechnik GmbH, Neuro Alert, Medtronic PLC, Natus Medical Incorporated, Neuro Style., Nihon Kohden Corporation, Nuvasive Inc., Specialty Care Inc., Technomed, Accurate Monitoring, Neuro Monitoring Technologies, Group Co., Ltd., and Florim Ceramiche S.p.A.

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