Advancements in Medical Devices Industry Contributing to the Global Nerve Monitoring System Market to Grow at a CAGR of 5.3% during 2018-2025

Global Market Analysis of nerve monitoring system market

The global nerve monitoring system market is expected to reach USD 1,692.99 million by 2025, from USD 1120.0 million in 2017 growing at a CAGR of 5.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition

This market report defines the market trends and forecast the upcoming opportunities and threats of the nerve monitoring system market in the next 8 years. Nerve monitoring devices monitors the neurological functioning. It has become the vital part on surgical procedures like spine, brain, vascular and orthopedic surgeries. It has essential share in the surgeries such as electrophysiological methods like electroencephalography (EEG), electromyography (EMG) and evoked potentials which monitors the functionality of neural structures. This also helps neurophysiologist to keep the records of the nerve functioning which helps to avoid fatal situations such as irreversible nerve damage during surgical procedures. The market is rising in the global market, for instance, according NCBI, in 2015, 645 patients were underwent cochlear implant (CI) surgery from 1999 to 2014 which were observed by intraoperative facial nerve monitoring. There are several technological advancements such as Medtronic offers NIM-Response 3.0 and NIM-Neuro 3.0 intraoperative nerve integrity monitors which are designed for ENT surgery, MIS or open surgeries. NuVasive Inc., offers NVM5 platform which featured with intraoperative technologies specifically designed for spine surgery which includes the monitoring of spinal cord and nerves and in 2014, NuVasive, Inc. launched NVM5 V2.0, a next generation monitoring platform with computer-assisted surgery applications to enhance both speed and efficiency for spine surgery.

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This Report Consists of –

• No of pages: 350, No of Figures: 60, No of Tables: 220

Global Nerve Monitoring System Market By Product (Nerve Monitors, Nerve Stimulation Electrodes and Probes, Accessories), By Technology (Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), Evoked Potential (EP)), By Application (Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, Others), By End User, (Hospitals, Surgical Centers, Ambulatory Surgical Centers), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025

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Frequently Asked Questions?

• What will the market size be in 2025?
• What are the key factors driving the global market?
• What are the challenges to market growth?
• Who are the key players in the market?
• What are the market opportunities and threats faced by the key players?
• What will be the growth rate in 2025?
• Which strategies are used by top players in the Global Nerve Monitoring System Market?

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Major Market Drivers & Market Restraint

• Technological advancements in the devices
• Government initiatives for early diagnosis
• Increased reimbursement policies for nerve monitoring
• Benefits associated with the nerve monitoring procedures
• Stringent regulations
• Lack of awareness

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Global Market Segmentation of nerve monitoring system market

The global nerve monitoring system market is segmented on the basis of product, technology, application and end user.

On the basis of product the market is segmented into

• nerve monitors,
• nerve stimulation electrodes & probes and accessories

Based on technology the market is segmented into

• electromyography (EMG),
• electroencephalography (EEG),
• electrocorticography (ECOG),
• evoked potential (EP)

Evoked potential is further segmented on somatosensory evoked potentials (SSEP), transcranial electrical motor evoked potentials (TCeMEP), brainstem auditory evoked potentials (BAEP) and visual evoked potentials (VEP).

On the basis of application the market is segmented into

• neurosurgery,
• spine surgery,
• ENT surgery,
• cardiovascular applications and others

On the basis of end user the market is segmented into

• hospitals,
• surgical centers and
• ambulatory surgical centers

Based on geography the global nerve monitoring system market report covers data points for 28 countries across multiple geographies namely

• North America & South America,
• Europe,
• Asia-Pacific and,
• Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others. In 2017, North America is expected to dominate the market.

Competitive Analysis

The global nerve monitoring system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nerve monitoring system market for global, Europe, North America, Asia Pacific and South America.

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Top Competitors of Market

• Medtronic,
• NuVasive Inc.,
• Nihon Kohden,
• Bovie Medical,
• Natus,
• Checkpoint Surgical,
• Magstim,
• Inomed,
• ERBE Elektromedizin,
• Neurovision Medical,
• Halyard Health,
• EMS Handels Gesellschaft,
• Dr. Langer Medical and others

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