Nerve Monitoring Systems Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033

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The new report published by The Business Research Company, titled Nerve Monitoring Systems Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the nerve monitoring systems market size has grown strongly in recent years. It will grow from $1.28 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The nerve monitoring systems market size is expected to see strong growth n the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.

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What Is Driving The Growth Of The Global Nerve Monitoring Systems Market?

Rising Neurological Disease Burden Fuels Growth Of Nerve Monitoring System Market
The rising burden of neurological diseases is expected to propel the growth of the nerve monitoring system market going forward. Neurological diseases are disorders that affect the brain, spinal cord, and nerves, leading to impaired movement, cognition, sensation, or autonomic function. The increase in neurological diseases is attributed to an aging population, longer life expectancy, and heightened exposure to risk factors such as environmental toxins, lifestyle changes, and stress. Nerve monitoring systems are required for neurological diseases to prevent nerve damage during surgery, ensuring the preservation of nerve function and minimizing postoperative complications. For instance, in March 2024, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, over 3 billion people globally were living with neurological conditions in 2021, making neurological diseases the leading cause of illness and disability worldwide. Furthermore, in October 2021, according to the World Federation of Neurology, a UK-based association of national neurological societies, over 40% of the global population currently experiences some form of neurological condition, and this burden is expected to double by 2050. Therefore, the rise in neurological diseases is driving the growth of the nerve monitoring system market.

What Is The Key Trend In The Global Nerve Monitoring Systems Market?

Advancements In Nerve Monitoring Systems
Major companies in the nerve monitoring system market are focused on developing technologically advanced products, such as supersonic technology-integrated neuromonitoring devices, to offer high-resolution, real-time imaging of nerve structures, enhancing accuracy and safety during surgeries. Supersonic technology-integrated neuromonitoring devices use advanced ultrasonic imaging techniques to provide real-time, high-resolution monitoring of nerve structures and functions during surgical procedures. For instance, in December 2022, WISE, an Italy-based medical device company, announced the US Food and Drug Administration (FDA) approval for its WISE Cortical Strip (WCS) for Intraoperative Neurophysiological Monitoring (IONM). The WCS neuromonitoring device is intended for use during surgeries in conjunction with other medical equipment to record, monitor, and stimulate electrical signals from the brain's surface. Unlike traditional cortical electrodes made from rigid metal discs, WCS incorporates stretchable platinum contacts embedded in a soft, thin silicone film, allowing it to conform seamlessly to the brain's surface. These electrodes are produced with stretchable electronic circuits integrated into very thin elastomeric foils using supersonic technology.

How Is The Global Nerve Monitoring Systems Market Segmented?
The nerve monitoring systems market covered in this report is segmented -

1) By Product: Nerve Monitor, Electrodes, Probes, Accessories
2) By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), Evoked Potential (EP)
3) By Application: Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users

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How Is The Competitive Landscape Of The Global Nerve Monitoring Systems Market?
Major companies operating in the nerve monitoring systems market are Medtronic Plc, Nihon Kohden Corporation, SpecialityCare Inc., NuVasive Inc., Halyard Health, Natus Medical Inc., Brainlab AG, Biotronic NeuroNetwork LLC, Cadwell Industries Inc., Bovie Medical, Magstim, Inomed Inc., Neuspera Medical Inc., Rhythmlink International LLC, Stimwave LLC, EMS Handels GmbH, Checkpoint Surgical Inc., Rochester Electro-Medical Inc., Sentient Healthcare Inc., Erbe Elektromedizin GmbH, NeuroWave Systems Inc., Langer Medical GmbH, Neurovision Medical Products Inc., ProPep Surgical LLC, SafeOp Surgical Inc.

Contents Of The Global Nerve Monitoring Systems Market
1. Executive Summary
2. Nerve Monitoring Systems Market Report Structure
3. Nerve Monitoring Systems Market Trends And Strategies
4. Nerve Monitoring Systems Market - Macro Economic Scenario
5. Nerve Monitoring Systems Market Size And Growth
…..
27. Nerve Monitoring Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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