The global Intraoperative Neuromonitoring market size is expected to reach USD 3.6 billion by 2025, based on a new report by Grand View Research, Inc. The market is anticipated to witness significant growth in the forecast period, which can be attributed to the hospitals adopting intraoperative monitoring in a wide spectrum of surgeries.
Major
surgeries pose a risk to the nervous system that necessitates neuromonitoring.
This has resulted in the growing popularity of intraoperative neuromonitoring
(IONM) amongst surgical teams, surgeons, and hospitals. It results in reduced
cases of revision surgeries, postoperative complications, and permanent
impairment.
Industry
players are acquiring smaller companies to expand their product offerings and
geographical presence. For instance, in June 2016, Biotronic NeuroNetwork, LLC,
headquartered in Michigan, was acquired by NuVasive, Inc., in a transaction
worth USD 98 million.
Full Research Report On Intraoperative Neuromonitoring Market Visit Here:
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Further key
findings from the study suggest:
- Insourced IONM dominated the
market in 2015, which is attributed to the rising number of surgeries and
emphasis on patients during the procedures. IONM is utilized to minimize
the neurological morbidity caused by operative manipulations. This offers
detection of injuries during the operation and minimizes the risk of
permanent nerve damage. Hospitals have adopted intraoperative monitoring
and have trained technologists, who are supervised by neurologists and
physiologists during the procedures.
- Outsourced IONM is also
gaining popularity and is expected to grow at a rapid rate over the
forecast period Hospitals and healthcare centers choose to outsource their
IONM needs due to benefits such as cost-efficiency and availability of
focused service providers.
- Geographically, North
America dominated the industry in 2015 and is expected to maintain its
position during the forecast period. It is accepted as a standard of care
by the medical community in this region due to its benefits. New
neurosurgeons and orthopedic surgeons are being trained to adopt this
technique during procedures.
- Asia Pacific is anticipated
to observe the fastest growth over the coming years. The rising number of
surgeries, developing economies, growing capacity of patients to bear
expenses, and the presence of a large patient pool are few factors
contributing to this growth.
- Prominent players operating
in the intraoperative neuromonitoring market include are Biotronic
NeuroNetwork, LLC; Medtronic; Accurate Monitoring; NuVasive Inc.; Natus
Medical Incorporated; SpecialtyCare; Sentient Medical Systems; and
NeuroMonitoring Technologies, Inc.
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Grand View Research has segmented
the global intraoperative neuromonitoring market by type and region:
IONM Market Type
Outlook (Market Revenue in USD Million, 2014 - 2025)
- Insourced IONM
- Outsourced IONM
IONM Market
Regional Outlook (Market Revenue in USD Million, 2014 - 2025)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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