Intraoperative Neuromonitoring (IONM) Market Size 2023, Share, Trends, Growth, Forecast 2028

IMARC Group has recently released a new research study titled, "Intraoperative Neuromonitoring (IONM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the intraoperative neuromonitoring (IONM) market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

What is the intraoperative neuromonitoring (IONM) market growth?

The global intraoperative neuromonitoring (IONM) market reached a value of US$ 3.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 5.4 Billion by 2028 exhibiting a CAGR of 4.9% during 2023-2028.

What is a intraoperative neuromonitoring (IONM)?

An intraoperative neuromonitoring (IONM) system represents the products and accessories that can monitor, detect, and confirm nerve function and aid in minimizing the odds of neurological problems during or after surgical procedures. In terms of source type, they can be categorized into insourced monitoring and outsourced monitoring categories. These IONM systems allow neuro-surgeons to identify electrophysiologic changes during head, spine, or neck surgery, which are crucial in extending incisions, positioning limbs, placing implants, and performing retraction techniques, thereby preventing permanent nerve damage and optimizing interventions while preserving function. Consequently, they are extensively used in neuro, ENT, visceral, cardiothoracic, orthopedic, vascular, and other surgeries across countries.

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What are the upcoming trends of Intraoperative Neuromonitoring (IONM) Market in the world?

The growing prevalence of chronic neurovascular disorders, including epilepsy, Parkinson's disease, and Alzheimer's disease, and the increasing concerns regarding patient safety during complex surgical procedures are primarily driving the intraoperative neuromonitoring (IONM) market. Furthermore, the shifting preferences toward minimally invasive (MIS) and non-invasive surgeries are also positively influencing the global market. Additionally, the emerging trend of medical tourism across the globe and the rising expenditure by the government bodies, especially in the developing countries, to upgrade the healthcare services are acting as significant growth-inducing factors.

Moreover, the elevating adoption of outsourced monitoring and the expanding geriatric population that is highly susceptible to developing neurological illnesses are further stimulating the market growth. Besides this, the inflating investments in research and development (R&D) activities and the escalating collaborations and joint ventures among the major market players are expected to propel the intraoperative neuromonitoring (IONM) market over the forecasted period.

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Report Segmentation:

The report has segmented the market on the basis of product and services, source type, application and end user.

Breakup by Product and Services:

• Systems
• Accessories
• Services

Breakup by Source Type:

• Insourced Monitoring
• Outsourced Monitoring

Breakup by Application:

• Spinal Surgery
• Neurosurgery
• Vascular Surgery
• ENT Surgery
• Orthopedic Surgery
• Others

Breakup by End User:

• Hospitals
• Ambulatory Surgical Centers (ASCs)

Breakup by Region:

• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Who are the major players in the intraoperative neuromonitoring (IONM) market?

List of Major Key Players:

• Accurate Monitoring LLC
• Computational Diagnostics Inc.
• inomed Medizintechnik GmbH
• Intranerve LLC
• Medtronic plc
• Natus Medical Incorporated
• NeuroMonitoring Technologies Inc.
• Neurophysiology Services Asia
• Nihon Kohden Corporation
• NuVasive Inc.
• Specialtycare Inc.
• Technomed.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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