Sales of Nerve Monitoring Devices For Hospitals Will Continue To Flourish, With A Documented CAGR of 5.0% By 2032

The global nerve monitoring devices market was valued at US$ 1.3 Billion in 2021, and is projected to register a Y-o-Y increase of 5.6% in 2022 to be valued at US$ 1.4 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 5.0% value CAGR, likely to reach US$ 2.2 Billion by the end of the said forecast period.

Overall, the nerve monitoring devices market landscape is poised to yield an absolute dollar opportunity worth US$ 862 Million until 2032. Sales of nerve monitoring devices for hospitals will continue to flourish, with a documented CAGR of 5.4% from 2015-2021.

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Key Takeaways from the Market Study

• Global nerve monitoring devices market to flourish 1.6x from 2022 to 2032
• U.S to emerge as the dominant nerve monitoring devices market, reaching US$ 798.0 Million by 2032
• China to be the fastest-growing market, registering a CAGR of 4.3% across the decade
• South Korea, U.K & Japan are likely to yield $ opportunities worth US$ 78.5 Million, US$ 92.8 Million and US$ 125.8 Million respectively
• By end-user, hospitals to register maximum nerve monitoring devices usage, growing at a 4.9% CAGR
• Neurosurgery to emerge as the top application category, growing at a rate of 4.4% through 2032

"Increasing target patient population, clinical benefits associated with nerve monitoring procedures, and the rising use of nerve monitoring in trauma cases are stimulating demand for nerve monitoring devices market," remarks an analyst at Fact.MR.

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Competitive Landscape

The global market for nerve monitoring devices market is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage up-gradation to gain an edge over other competitors in the market.

• In May 2020, Natus Medical Incorporated announced a partnership with Holberg EEG AS. The partnership advanced the development and distribution of an AutoSCORE algorithm to automate Electroencephalography ("EEG") classifications and improve reporting efficiency.

• In January 2020 - Symmetry Surgical, Inc. announced its acquisition of The O.R. Company. The acquisition complements Symmetry's existing instrumentation portfolio and expands its minimally invasive surgical instrument offering with products that have high clinical acceptance and strong price positions in the market.

Key Nerve Monitoring Devices Market Players

• Medtronic
• Nuvasive
• Nihon Kohden
• Bovie Medical
• Natus Medical

Key Segments Covered in the Nerve Monitoring Devices Market Study

• Nerve Monitoring Devices Market by Product :

o Nerve Monitors
o Nerve Stimulation Electrodes and Probes

• Nerve Monitoring Devices Market by Technology :

o Nerve Monitoring Devices based on Electromyography (EMG)
o Nerve Monitoring Devices based on Electroencephalography (EEG)
o Nerve Monitoring Devices based on Electrocorticography (ECOG)
o Nerve Monitoring Devices based on Evoked Potential (EP)

• Nerve Monitoring Devices Market by Application :

o Nerve Monitoring Devices for Neurosurgery
o Nerve Monitoring Devices for ENT surgery
o Nerve Monitoring Devices for Cardiovascular Applications
o Nerve Monitoring Devices for Other Applications

• Nerve Monitoring Devices by End Users :

o Hospitals
o Ambulatory Surgical Centers

• Nerve Monitoring Devices Market by Region :

o North America
o Europe
o Asia Pacific
o Middle East and Africa
o Latin America

Questionnaire answered in the Nerve Monitoring Devices Market report include:

• How the market for Nerve Monitoring Devices has grown?
• What is the present and future outlook of the global Nerve Monitoring Devices on the basis of region?
• What are the challenges and opportunities for the Nerve Monitoring Devices?
• Why the consumption of Nerve Monitoring Devices highest in region?
• In which year segment is expected to overtake segment?

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What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Nerve Monitoring Devices market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Nerve Monitoring Devices market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Nerve Monitoring Devices market and assists to create strategies to overcome the obstacles that may hinder the growth of the Nerve Monitoring Devices market.

• Leverage: The Nerve Monitoring Devices market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Nerve Monitoring Devices market.

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