Intraoperative Neurophysiological Monitoring Market Technology, Historical Demands by Regional Forecast to 2030
The precision in surgical procedures is developing due to better knowledge transfer and experience to handle a wide range of cases. Reports that assess the healthcare industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts.
The Intraoperative Neurophysiological Monitoring Market is estimated to grow at a CAGR of 8.9%. It is estimated that the market value will further touch up to USD 3,125.7 Million by the forecast period 2021-2028
The chief competitors in the intraoperative neurophysiological monitoring market are Accurate Monitoring LLC, Argos NeuroMonitoring LP, Computational Diagnostics Inc., Emotiv, Inomed Medizintechnik GmbH, Medsurant Holdings LLC, Cadwell Laboratories Inc., Natus Medical Incorporated, NuVasive, Neuro Alert, NuVasive, Neuromonitoring Technologies Inc., NeuroSentinel LLC, Procirca, Propep Surgical, SpecialtyCare and Sentient Medical Systems.
The segmentation of the intraoperative neurophysiological monitoring market is carried out on the basis of type, procedure, methods, source, and region. Based on type, the intraoperative neurophysiological monitoring market is segmented into electromyography, electroencephalography, and evoked potentials. On the basis of procedure, the intraoperative neurophysiological monitoring market is segmented into otolaryngology surgery, spinal, neurovascular, orthopedic, and urology. The segmentation of the market based on the methods consists of non-invasive, invasive, and minimally invasive. Based on source, the intraoperative neuromonitoring market comprises of outsourced, in-house, and telehealth. By region, the intraoperative neurophysiological monitoring market consists of Europe, Asia Pacific, North America, Middle East, and Africa.
Detailed Regional Analysis
The assessment of the regions in the intraoperative neurophysiological monitoring market comprises of regions such as Europe, Asia Pacific, North America, Middle East, and Africa. The North American region is projected to head the IONM market with a noteworthy market share. The factors such as the increasing demand for the spinal and cranial procedures controlled by the rising number of patients is supporting the market growth of this region. The IONM market in the European region is responsible for the second largest stake in the market globally. The region is projected to reveal strong growth through the forecast period. The existence of the well-proliferated healthcare sector is leading to a growing number of advanced treatment facilities motivated by the increasing demand for better healthcare infrastructure and increasing healthcare expenditures. The Asia Pacific market for IONM appears as a lucrative market with the intensifying number of patients enduring spinal ailments and the ever-increasing population that is disposed towards a sedentary lifestyle. The growing funding from the government and private organizations are encouraging market growth by increasing the R&D activities in the region.
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.