Competitive Analysis:

The global intraoperative neurophysiological monitoring market is reasonably fragmented, with no player claiming a majority share. Leading players in the intraoperative neurophysiological monitoring market include NuVasive, Medtronic, Argos Neuromonitoring LP, Computational Diagnostics Inc., Sentient Medical Systems, EMOTIV, Cadwell Laboratories Inc., Accurate Monitoring LLC, Medsurant Holdings, and others.

Industry Updates:

In December 2017, NuVasive acquired SafePassafe, a privately held services provider in the intraoperative neurophysiological monitoring market. This is expected to further strengthen the former’s intraoperative neurophysiological monitoring product line.

Regional Analysis:

The global intraoperative neurophysiological monitoring market is segmented into North America, Europe, Asia Pacific, and the Middle East and Africa on the basis of region.

Request a Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/729

North America held a global market share of 65% in 2015 and is likely to remain the leading player in the global intraoperative neurophysiological monitoring market over the forecast period. This is mainly due to the growing healthcare expenditure in the region, allied to incessant government efforts to improve and update the healthcare sector in countries such as the U.S. and Canada. The growing need for spinal surgeries in the region is also likely to remain a major driver for the intraoperative neurophysiological monitoring market in North America over the forecast period. A majority of the leading players in the intraoperative neurophysiological monitoring market are also situated in the U.S., which lends credence to the regional market’s claim to being the strongest mover in the global intraoperative neurophysiological monitoring market.

Asia Pacific is expected to exhibit the fastest growth in the global intraoperative neurophysiological monitoring market over the forecast period due to the growing efforts by governments as well as private-sector hospitals to remain up to date with the latest in medical innovation. Increasing efforts by governments in countries such as China, India, Australia, Thailand, Korea, and Japan to improve their respective healthcare sector could play a key role in the growth of the intraoperative neurophysiological monitoring market in Asia Pacific over the forecast period. The growing commercial importance of medical tourism in Asia Pacific countries such as India and Thailand is also likely to drive the intraoperative neurophysiological monitoring market in the region over the forecast period. The Asia Pacific intraoperative neurophysiological monitoring market is expected to exhibit a robust CAGR of 9.3% over the forecast period.

Segmentation:

The global intraoperative neurophysiological monitoring market is segmented on the basis of type, procedure, method, source, and region.

By type, the global intraoperative neurophysiological monitoring market is segmented into EEG, EMG, evoked potentials, and others. The EEG (electroencephalography) segment is likely to remain the dominant force in the global intraoperative neurophysiological monitoring market over the forecast period, having taken up a share of around 60% in the global market in 2015.

By procedure, the global intraoperative neurophysiological monitoring market is segmented into spinal, neurovascular, orthopedic, otolaryngology, urology, and others.

By method, the global intraoperative neurophysiological monitoring market is segmented into noninvasive, minimally invasive, and invasive.

By source, the global intraoperative neurophysiological monitoring market is segmented into in-house, outsourced, and telehealth.

Overview

Market Research Future (MRFR) has announced a new release on the global intraoperative neurophysiological monitoring market. The report estimates the global intraoperative neurophysiological monitoring market to exhibit a solid CAGR of 8.9% over the forecast period from 2016 to 2027. The global intraoperative neurophysiological monitoring market was valued at USD 1.1 billion in 2015.

Intraoperative neurophysiological monitoring, as the name suggests, refers to processes and equipment used to monitor the function of neural pathways during surgeries. This helps the surgeons keep a check on the health of neural pathways, cutting the risk of unintended damage. High-risk operations involving the peripheral nervous system, orthopedics, and vascular system are usually accompanied by intraoperative neurophysiological monitoring, as the risk of damage is relatively high in these operations. Intraoperative neurophysiological monitoring has developed fairly recently. However, it has quickly become widely adopted in the healthcare sector, particularly in developing countries, due to the benefits it presents in terms of reducing the risk of unintended complications in surgeries.

The rising demand for surgical procedures involving the spine or the cranial structures is likely to be a major driver for the global intraoperative neurophysiological monitoring market over the forecast period. The increasing occurrence of trauma injuries is thus likely to be a major factor working in favor of the intraoperative neurophysiological monitoring market. Consistent technological advancement in the field of cranial surgeries and the increasing eagerness among surgeons to adopt the latest processes and devices to make surgeries safer and more effective is also likely to be a major driver for the global intraoperative neurophysiological monitoring market over the forecast period.

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/intraoperative-neurophysiological-monitoring-market-729

Browse More Healthcare Related Research Reports:

Poultry Vaccines Market Size, Trends | Growth Analysis, 2023

Healthcare Regulatory Affairs Outsourcing Market Share, Trends | Application and Growth Analysis, 2023

Home Infusion Therapy Devices Market by Type, Application and Analysis – 2024 | MRFR

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: [email protected]