Intraoperative neurophysiologic monitoring (IONM) is a technique that is directly aimed at reducing the risk of neurological deficits after operations that involve the nervous system. IONM is a technique that has evolved during the last two decades; it makes use of recordings of electrical potentials from the nervous system during surgical operations. The use of IONM offers a possibility to detect injuries before they become so severe, they cause deficits after the operation.
The report forecasts the global Intraoperative Neuromonitoring (IONM) market to grow at a CAGR of xxxx% during the forecast period 2019-2026.
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Key Dynamics
Factors such as the growing geriatric group, the increasing prevalence of chronic diseases, and rising adoption of IONM in various surgeries are accelerating market growth. Also, the growing focus on patient safety during complicated surgeries is fueling the demand for neuromonitoring during procedures. Even more, the patient’s desire to avoid readmission to hospitals along with the huge burden of medical expenditures will also trigger the market as well. However, since some of the developing countries have a low awareness of IONM technologies coupled with skilled inexperience, this may impede the global market expansion. But, the increased medical tourism and the presence of emerging economies such as Asia-Pacific and LAMEA can fill the gap with extra opportunities.
The application of IONM for orthopedic and ENT surgeries will become a trend and pose to a lucrative opportunity for market growth, due to IONM technique is needed for lowering the potential risk to the neural structures and protecting nerves during the procedure.
Segmentation
On the basis of type, Intraoperative Neuromonitoring (IONM) Market segmented into
l Insource IONM
l Outsource IONM
On the application, Intraoperative Neuromonitoring (IONM) Market segmented into
l Neurosurgery
l Cardiovascular Surgery
l ENT Surgery
l Orthopedic Surgery
l Others
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Competitive Landscape
Important players profiled in the global Intraoperative Neuromonitoring (IONM) market include Biotronic NeuroNetwork, Computational Diagnostics, Medtronic, Natus Medical, NuVasive, Sentient Medical Systems, SpecialtyCare, Accurate Monitoring, Advanced Medical Resources, Bovie Medical Corporation, Bromedicon, Cadwell, Checkpoint Surgical, Emotiv, NeuroSentinel, and etc.
Regional Spotlights
North America and Europe still account for the utmost market share in the past recent, the constantly improving reimbursement scenario and a favorable scenario in the region is the main incentive that promoting the regional markets. Further, the well-defined guidelines help to pave the way for implementation of neuromonitoring during procedures and benefit both patients and hospitals, which also an important factor for dominance.
In other ways, the strong recommendation of many neurological centers in the United States regarding the adoption of IONM and effort to fill the manpower gap to meet the demand will further supplement the market expansion in North America.
Likewise, the Asia-Pacific region is estimated to achieve progress in generating revenue in the forthcoming period, which can credit to the growing awareness of enhancing surgery procedures and the increased medical tourism in the area.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
In-depth Intraoperative Neuromonitoring (IONM) Market Report: Intended Audience
l Intraoperative Neuromonitoring (IONM) hardware manufacturers
l Raw material suppliers of Intraoperative Neuromonitoring (IONM) hardware
l Downstream vendors and end-users
l Advanced medical technology, medical system solution, surgical monitoring corporations
l Intraoperative Neuromonitoring (IONM) industry associations and research organizations
l Healthcare service, Intraoperative Neuromonitoring (IONM) industry administrator, C-level executives of the industries
l Market Research and consulting firms
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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