Intraoperative Neurophysiological Monitoring Market Information, by type (EEG, EMG, Evoked Potential (EP)) by Method (Invasive, Non-Invasive, Minimally Invasive) by Source (In-house, Outsource, Tele-Health), by Procedure – Global Forecast to 2027
Intraoperative neurophysiological monitoring market has been evaluated as growing market and is expected to touch peak growth figures. In last few years people have become aware about the wide range of benefits of IONM services. This has changed the way surgical procedures were being carried out. IONM techniques and services are being adopted by the hospitals worldwide there by boosting the revenues with the growth rate of over 9% per year.
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The major participants of this market are Accurate Monitoring LLC, Argos NeuroMonitoring LP, Cadwell Laboratories Inc., Computational Diagnostics Inc., Emotiv, Inomed Medizintechnik GmbH, IntraNerve, Medtronic, Medsurant Holdings LLC, Natus Medical Incorporated, Neuro Alert, Neuromonitoring Technologies Inc., NeuroSentinel LLC, NuVasive, Procirca, Propep Surgical, SpecialtyCare and Sentient Medical Systems.
- The global IONM market and is expected to reach $3.1 billion by 2027.
- Electroencephalography (EEG) segment holds the largest share of around 60% of the total market.
- North America continues to be the leading market globally, holds the largest market share of around 65% in 2015.
- Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 9.3% during the forecast period.
- Nuvasive, and Medsurant Holdings, Cadwell Laboratories Inc, are some of the leading market players globally.
IONM is statistically proven to reduce the risk of surgically induced neurophysiological deficits and to improve surgical outcomes. IONM provides real-time feedback, allowing the surgical experts to intervene promptly to prevent or reduce permanent postoperative neurological damage. IONM analysis provides assurance that neural integrity has remained intact during the critical portions of surgery. IONM proves to be a standard of care for all surgeries where neural structures are at risk. Integration of IONM in surgical procedures reduces the risk of lawsuit and liability by minimizing the risk of complications.
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In the coming years, the intraoperative neurophysiological monitoring market will advance more than it has in the past several years. Intraoperative neurophysiological monitoring is playing an integral part in the field of neuroscience. Initially it may take time for widespread growth in the developing countries, as the infrastructure in such areas in not up to the mark and there is less awareness about the IONM in such countries. But in the near future, the enhancement of this sector will be a major part of the evolution of the monitoring and imaging field. Intraoperative neurophysiological monitoring will be one of the major segments in the healthcare business across the world.
List of Table
TABLE 1 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET, BY TYPE, 2013-2027 (USD MILLION)
TABLE 2 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET: ELECTROENCEPHALOGRAPHY, BY REGION, 2013-2027 (USD MILLION)
TABLE 3 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET: ELECTROMYOGRAPHY, BY REGION, 2013-2027 (USD MILLION)
TABLE 4 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET: EVOKED POTENTIALS, BY REGION, 2013-2027 (USD MILLION)
TABLE 5 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET, BY PROCEDURE, 2013-2027 (USD MILLION)
TABLE 6 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET: SPINAL, BY REGION, 2013-2027 (USD MILLION)
TABLE 7 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET: NEUROVASCULAR, BY REGION, 2013-2027 (USD MILLION)
TABLE 11 GLOBAL INTRAOPERATIVE NEUROPHYSIOLOGICAL MONITORING MARKET, BY METHODS, 2013-2027 (USD MILLION)
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