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Intraoperative Neurophysiological Monitoring Market size was valued at USD 2869.02 Bn in 2022 and is expected to reach USD 4882.05 Bn by 2029, at a CAGR of 7.89 %.
Intraoperative Neurophysiological Monitoring Market Scope
MMR's research provides a comprehensive overview of the Intraoperative Neurophysiological Monitoring market, identifying the leading global companies based on factors such as volume, value, market share, strategies, and industry growth. The research also offers strategies for existing and new market entrants, and is expected to help businesses improve their market position. The report includes market revenue by region and country, as well as segmentation by type and end users.
Intraoperative Neurophysiological Monitoring Market Overview
The Global Intraoperative Neurophysiological Monitoring Market 2021 report by Maximize Market Research is a comprehensive analysis of the market, including its regional insights, changing trends, industry environment, and key players. The report is based on both primary and secondary research, and the results are presented in a logical and easy-to-understand format.
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Intraoperative Neurophysiological Monitoring Market Segmentation
The market is divided into three segments based on modality: electromyography (EMG), electroencephalography (EEG), and evoked potentials.With the biggest share in the intraoperative neurophysiological monitoring market in 2022, Evoked Potentials is predicted to continue to dominate the market for the duration of the forecast period. There are four types of evoked potentials: motor evoked potential (MEP), visual evoked potential (VEP), somatosensory brainstem auditory evoked potential (BAEP), and evoked potential (SSEP). The somatosensory evoked potential (SSEP) mediates the vibration and discrimination while keeping an eye on the column-medical lemniscus pathway. It assesses the integrity of the spinal cord's sensory pathways and offers a real-time assessment of the spinal tracts that are in danger during spinal cord surgery. When undergoing surgery, the motor pathways are monitored using motor evoked potential (MEP).
The market is divided into four segments based on the procedure: urology, orthopaedic, neurovascular, spinal, and otolaryngology surgery. The market for intraoperative neurophysiological monitoring was dominated by the spinal sector in terms of revenue share in 2022. With intraoperative neurophysiological monitoring, motor tracts, sensory tracts, and specific nerve roots can all provide real-time feedback for an intraoperative assessment of spinal cord function. The most often used intraoperative neurophysiological monitoring modalities for spinal procedures are the somatosensory sensory evoked potentials (SSEPs), motor-evoked potentials (MEPs), and spontaneous and prompted electromyography (EMG).
Intraoperative Neurophysiological Monitoring Market Size and Forecast, by Modality (2022-2029)
1. Evoked Potentials
2. Electroencephalography (EEG)
3. Electromyography (EMG)
Intraoperative Neurophysiological Monitoring Market Size and Forecast, by Methods (2022-2029)
1. Invasive
2. Non-invasive
3. Minimally invasive
Intraoperative Neurophysiological Monitoring Market Size and Forecast, by Source (2022-2029)
1. In-house
2. Outsource
3. Telehealth
Intraoperative Neurophysiological Monitoring Market Size and Forecast, by procedure (2022-2029)
1. Spinal
2. Neurovascular
3. Orthopaedic
4. Otolaryngology surgery
5. Urology
Intraoperative Neurophysiological Monitoring Market Size and Forecast, by End-user (2022-2029)
5. Hospitals
5. Ambulatory surgical centres (ASCs)
Intraoperative Neurophysiological Monitoring Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Intraoperative Neurophysiological Monitoring Market Key Players
• Natus Medical Incorporated
• Accurate Monitoring
• NeuroMonitoring Technologies,Inc.
• Medtronic
• NuVasive, Inc.
• Sentient Medical Systems,
• inomed medizintechnik gmbh
• Medsurant Holdings
• IntraNerve Neuroscience Holdings
• Moberg Research, Inc.
• propep surgical
• cadwell laboratories inc
• Computational Diagnostics Inc.
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Regional Analysis
The report is focused on the five most important regions for the Intraoperative Neurophysiological Monitoring market: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions are responsible for the majority of the world's Intraoperative Neurophysiological Monitoring consumption.
Key Questions answered in the Intraoperative Neurophysiological Monitoring Market Report are:
- What is Intraoperative Neurophysiological Monitoring?
- What is the forecast period of the Intraoperative Neurophysiological Monitoring Market?
- What is the competitive scenario of the Intraoperative Neurophysiological Monitoring market?
- Which region held the largest market share in the Intraoperative Neurophysiological Monitoring Market?
- What are the opportunities for the Intraoperative Neurophysiological Monitoring Market?
- What are the restraining factors in the Intraoperative Neurophysiological Monitoring market?
- Who are the key players of the Intraoperative Neurophysiological Monitoring market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Intraoperative Neurophysiological Monitoring#
- Landscape- Leading key players and other prominent key players.
- Price Trends
- Key Opinion Leaders Offerings
- Government Initiatives
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Market Overview
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
Competitive Analysis
The surge in the market is credited to the presence of favorable market forces are expected to complement the development of the market. The positive reinforcement of the forces of demand and supply is expected to lift the market growth in the coming years. The synergies achieved in the manufacturing of the goods in the market are enhanced, leading to better growth prospects. The availability of productive resources is expected to further the progress of the market in the forecast period. The increased transaction level in the market is expected to spur an accelerated level of growth in the market. The conception of prodigious competitive advantages is likely to support the progress of the market. A considerable ascension in the number of promoters in the market is estimated to form a beneficial outlook for market growth in the projected period. The relaxation of the barriers to the entry of new players in the market is expected to encourage the expansion of the market in the impending years.
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.
Segmental Analysis
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.
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Market Overview
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 market is forecasted to earn revenues worth USD 1.1 billion while expanding at a CAGR of 8.9 % in the coming years.
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Competitive Analysis
The surge in the market is credited to the presence of favorable market forces are expected to complement the development of the market. The positive reinforcement of the forces of demand and supply is expected to lift the market growth in the coming years. The synergies achieved in the manufacturing of the goods in the market are enhanced, leading to better growth prospects. The availability of productive resources is expected to further the progress of the market in the forecast period. The increased transaction level in the market is expected to spur an accelerated level of growth in the market. The conception of prodigious competitive advantages is likely to support the progress of the market. A considerable ascension in the number of promoters in the market is estimated to form a beneficial outlook for market growth in the projected period. The relaxation of the barriers to the entry of new players in the market is expected to encourage the expansion of the market in the impending years.
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.
Segmental Analysis
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 neurophysiological monitoring 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.
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About US:
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.
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