Global Intraoperative Neurophysiological Monitoring Market, By Type (EEG, EMG and Evoked Potential (EP)), Methods (Invasive, Non-Invasive and Minimally Invasive), Source (In-house, Outsource and Tele-Health), Procedure (Spinal, Neurovascular, Orthopedic, Otolaryngology Surgery and Urology), End User (Hospitals and Ambulatory Surgical Centers (ASCs), Services (Systems Accessories and Services), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Intraoperative Neurophysiological Monitoring Market
Intraoperative neurophysiological monitoring market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2,768.32 million growing at a CAGR of 7.86% in the above-mentioned forecast period. The growing awareness amongst the people and patients regarding the benefits associated with the use of intraoperative neurophysiological monitoring has been directly impacting the growth of intraoperative neurophysiological monitoring market.
Intraoperative neurophysiological monitoring technique is a collection of procedures used during surgeries to monitor neural pathways during high-risk neurosurgical, orthopedic, peripheral nerve, and vascular surgeries. It is mainly used to reduce the risk of neurological deficits after operations that involve the nervous system. It is also helpful in detecting injuries before it causes complications due to operation.
Increase in number of surgeries is the main driving factor for the intraoperative neurophysiological monitoring market. Growth in number of cerebrovascular disorders among patients is also a driver for the growth of intraoperative neurophysiological monitoring market. Increase in usage of surgeries such as spinal, orthopedic, cardiovascular, ENT, and genitourinary is an opportunity for the growth of the intraoperative neurophysiological monitoring market.
High prices of intraoperative neurophysiological monitoring are major challenge for the intraoperative neurophysiological monitoring market. However, lack of skilled professionals and lower familiarity with system is a restraint for the growth of intraoperative neurophysiological monitoring market during the forecast period of 2021-2028.
In March 2016, Natus Medical Incorporate acquired NeuroQuest. The company believes the addition of NeuroQuest will further strengthen Global Neurodiagnostic product as a leading provider in the company's fast-growing EEG systems business. GND provides patients and doctors with an easy way to complete an EEG test for an ambulance that can be performed at home, hospital or doctor's office. The service also provides comprehensive reporting and physician support.
This intraoperative neurophysiological monitoring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research intraoperative neurophysiological monitoring market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Intraoperative Neurophysiological Monitoring Market Scope and Market Size
Intraoperative neurophysiological monitoring market is segmented on the basis of type, methods, source, procedure, end user and services. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the intraoperative neurophysiological monitoring market is segmented into EEG, EMG and evoked potential (EP).
- Intraoperative neurophysiological monitoring market is also segmented on basis of methods, into invasive, non-invasive and minimally invasive.
- Based on source, the intraoperative neurophysiological monitoring market is segmented into in-house, outsource and tele-health.
- Based on procedure, the intraoperative neurophysiological monitoring market is segmented into spinal, neurovascular, orthopedic, otolaryngology surgery and urology.
- Based on end user, the intraoperative neurophysiological monitoring market is segmented into hospitals and ambulatory surgical centers (ASCs).
- Based on services, the intraoperative neurophysiological monitoring market is segmented into systems accessories and services.
Intraoperative Neurophysiological Monitoring Market Country Level Analysis
Intraoperative neurophysiological monitoring market is analysed and market size insights and trends are provided by country, type, methods, source, procedure, end user and services as referenced above.
The countries covered in the intraoperative neurophysiological monitoring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is likely to lead the intraoperative neurophysiological monitoring market. Growth of well-defined guidelines in turn provides benefits to patients and hospitals and helps to grow market in this region. Asia-Pacific is expected to exhibit a substantial growth rate during the forecast period 2021-2028 due to increasing awareness of medical tourism and safety during various surgeries.
The country section of the intraoperative neurophysiological monitoring market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Intraoperative neurophysiological monitoring market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for intraoperative neurophysiological monitoring market impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the intraoperative neurophysiological monitoring market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Intraoperative Neurophysiological Monitoring Market Share Analysis
Intraoperative neurophysiological monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intraoperative neurophysiological monitoring market.
The major players covered in the intraoperative neurophysiological monitoring market report are Natus Medical Incorporated, Accurate Monitoring, NeuroMonitoring Technologies,Inc., Medtronic, NuVasive, Inc., Sentient Medical Systems, SpecialtyCare, ProPep Surgical, UPMC Procirca, NeuroSentinel LLC, Neuro Alert, Medsurant Holdings, IntraNerve Neuroscience Holdings, LLC, Inomed Medizintechnik GmbH, EMOTIV, Computational Diagnostics Inc., Cadwell Laboratories Inc., Nihon Kohden Corporation, Moberg Research, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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