Intraoperative Neuromonitoring Market- Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global intraoperative neuromonitoring (IONM) market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having chronic diseases such as neurological diseases, cardiovascular diseases, etc. this is also responsible for an uptick in the number of surgeries across the globe. For instance, as per the OECD stats, the total number of surgical procedures in Canada was 411,668 in 2019, up from 3,96,218 in 2017. Owing to these glaring statistics and the need to manage the risk during complex surgeries, the demand for intraoperative neuromonitoring devices is anticipated to grow in the upcoming years. Furthermore, the rapidly growing medical tourism, technological advancements in the healthcare sector, and rising healthcare expenditure in different countries are some of the prominent factors supporting the growth of the market across the globe.

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According to UnivDatos Market Insights (UMI)’ research report “Global Intraoperative Neuromonitoring Market Analysis, 2020”, the intraoperative neuromonitoring market is projected to grow at a CAGR of around 5% during 2021-27F. A large number of ongoing research activities in this field, rising government and public-private investments, and various advantages associated with the implementation of intraoperative neuromonitoring are some of the prominent factors contributing to the growth of the market globally.

Based on the application, the market is fragmented into spinal surgery, neurosurgery, vascular surgery, ENT surgery, orthopedic surgery, and other surgeries. The neurosurgery segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period owing to the increasing incidences of neurological conditions and thus, rise in neurological surgeries across the globe. 

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Hospital Segment to Witness Robust growth

Based on end-users, the market is fragmented into hospitals and ambulatory surgical centers. In 2020, the hospitals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increasing number of hospitals and a surge in the number of surgeries in the hospital setting. Also, the presence of well-trained healthcare professionals, well-established infrastructure, and availability of technologically advanced devices in hospitals are some of the factors contributing to the growth of this segment. However, ambulatory surgical centers are also likely to witness lucrative growth during the forecast period.

North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global intraoperative neuromonitoring market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the presence of well-established market players and frequent product launches in the region. North America is expected to skyrocket with a considerable CAGR during the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Intraoperative Neuromonitoring Market Analysis, 2020”. 

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Intraoperative neuromonitoring Market include Medtronic plc, Computational Diagnostics Inc., Natus Medical Incorporated, Nihon Kohden Corporation, Accurate Monitoring, Technomed, NeuroMonitoring Technologies, NuVasive Inc., SpecialtyCare Inc., inomed Medizintechnik GmbH, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Intraoperative Neuromonitoring Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for intraoperative neuromonitoring providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Type (Insourced Monitoring and Outsourced Monitoring)

2.      By Application (Spinal Surgery, Neurosurgery, Vascular Surgery, Ent Surgery, Orthopedic Surgery, and Other Surgeries)

3.      By End-Users (Hospitals and Ambulatory Surgical Centers)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Medtronic plc, Computational Diagnostics Inc., Natus Medical Incorporated, Nihon Kohden Corporation, Accurate Monitoring, Technomed, NeuroMonitoring Technologies, NuVasive Inc., SpecialtyCare Inc., inomed Medizintechnik GmbH, etc.)

Key questions answered in the study:

1.      What are the current and future trends of the intraoperative neuromonitoring industry?

2.      How the industry has been evolving in terms of type, application, and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the intraoperative neuromonitoring industry?

5.      What is the customer orientation, purchase behavior, and expectations from intraoperative neuromonitoring firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL INTRAOPERATIVE NEUROMONITORING MARKET COVID-19 IMPACT

6 GLOBAL INTRAOPERATIVE NEUROMONITORING MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USERS

10 MARKET INSIGHTS BY REGION

11 INTRAOPERATIVE NEUROMONITORING MARKET DYNAMICS

12 INTRAOPERATIVE NEUROMONITORING MARKET OPPORTUNITIES

13 INTRAOPERATIVE NEUROMONITORING MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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