“The global intraoperative neuromonitoring market is expected to grow at a CAGR during the forecasting period (2021-2028)”.
Intraoperative neuromonitoring (IONM) is an important procedure that helps to assess the functional integrity of the brain, brain stem, spinal cord, or peripheral nerves during and after complex surgical procedures. An IONM system uses recordings of potentials such as EEG and EMG from the nervous system during a surgical procedure. The use of neuromonitoring is important during surgeries as it helps in the detection of injuries or possible impairment of nerve function before, they become so severe that they cause post-operative complications in the patients.
IONM reduces risk of deficits such as muscle weakness, paralysis, hearing loss, and other normal body functions. IONM provides immediate feedback and warning to the surgeon for the prevention of permanent nerve injury because of post-surgical damage. IONM is quick, painless, easy, and inexpensive. It can record the nerve function multiple times or even throughout the entire process of surgery.
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The major drivers fueling the growth of the market are the increase in surgical procedures, high importance on patient safety and technological advancement.
Increase in the number of surgical procedures will drive the market growth
The global surgical sutures market is expanding at a compound annual growth rate (CAGR) of XX% and is forecast to reach $XXbn by 2024. Emerging markets, especially large markets such as India and China, have significant untapped potential in expanding the worldwide surgical devices market. As incomes and living standards in these nations continue to rise, a greater segment of the world’s population will demand better healthcare.
High Importance for patient safety is driving the market growth
Surgeons use IONM as an additional line of safety during surgeries. These systems play a vital role during critical surgeries such as spinal surgeries that involve the insertion of instruments near the nerves or the spinal area and may cause damage to the CNS. According to the WHO, statistical studies estimate that surgeons use IONM devices and services for about 750,000 surgeries annually in the US, particularly for neurosurgery, interventional neuromonitoring, and spinal, orthopedic, vascular, ENT, and cardiovascular surgeries. IONM also helps surgeons avoid or minimize common complications such as paraparesis, quadriplegia, and paraplegia that occur during surgeries.
Global Intraoperative Neuromonitoring Market – By Modality
- Evoked Potential (EP)
- Electromyography (EMG)
- Electroencephalogram (EEG)
Global Intraoperative Neuromonitoring Market – By Service
- In-Source IONM
- Out-Source IONM
Global Intraoperative Neuromonitoring Market – By Application
- Neurological surgeries
- Orthopedic surgeries
- ENT surgeries
- Cardiovascular surgeries
- Other surgeries.
Global Intraoperative Neuromonitoring Market – By End User
- Pharmaceutical & Biotechnology Companies
- Contract Research Organizations (CROs)
- Academic & Research Institutions
Global Intraoperative Neuromonitoring Market – By Region
- North America
- South America
- Middle East & Africa
Some of the key players in the market are SpecialtyCare, Natus Medical Incorporated, NuVasive Inc., Medtronic Plc, Inomed Medizintechnik GmbH, Accurate Monitoring, Cadwell Industries Inc., Computational Diagnostics Inc., Nihon Kohden Corp., and Medsurant Health LLC.
Medtronic and Natus Medical together with their leading product and services hold strong foothold in the global Intraoperative neuromonitoring market. Most of the key companies in the market are focusing high on R&D, product innovation, an extension of the existing product line and looking to strengthening the market presence by geographical expansion.
Sai Kiran Sales Manager at DataM Intelligence Email: firstname.lastname@example.org Tel: +1 877 441 4866 Website: www.datamintelligence.com