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Intraoperative Neuromonitoring Market

Intraoperative Neuromonitoring Market By Source Type (Insourced Intraoperative Neuromonitoring, Insourced Intraoperative Neuromonitoring Outsourced Intraoperative Neuromonitoring), By Application Type (Spinal Surgery, Neurological Surgery, Cardiovascular Surgery, Orthopedic Surgery, ENT Surgery) – Growth, Future Prospects, And Competitive Analysis, 2017 – 2025
Report Book

Published Date: September 2017
Category: Medical Devices
Report ID: 58673
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

Market Insights

Intraoperative neuromonitoring (IONM) is very crucial in terms of any surgical intervention to avoid or reduce the chances of risk associated with damage to neurological function. The fundamental principle of intraoperative neuromonitoring is to track the electrical potential during surgical procedures in neurological, cardiovascular, or orthopedic surgery. IONM thus helps to prevent complications like paralysis or weakness in muscles or other nerve functions. According to the estimation of the WHO, 266.2 to 359.5 million surgical procedures were performed around the globe, which increased sharply by 38% over a period of eight years. The rising trend of surgeries contributes largely to the growth of the intraoperative neuromonitoring market. The consideration of IONM is important due to the better surgical outcome, increasing number of successful surgical procedures, and patient safety during surgery.

The intraoperative neuromonitoring market is growing exponentially on account of increasing healthcare expenditure, increasing concern for patient safety, government initiatives for healthcare infrastructure development, and favorable reimbursement policies. The rising geriatric population and the increasing prevalence of chronic diseases are the main driving forces behind the growth of the intraoperative neuromonitoring market. However, the lack of skilled health professionals and lack of awareness may pose challenges to the growth of the intraoperative neuromonitoring market.

The purpose of this research study titled “Intraoperative Neuromonitoring Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025” is to provide investors, developers, company executives, and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global intraoperative neuromonitoring market. This report presents and analyses the major trends prevalent in the global intraoperative neuromonitoring market and the market’s size and forecast.

This report categorizes the global scar treatment market in terms of source type, application, and geographical distribution. On the basis of source type, the intraoperative neuromonitoring market is classified into insourced intraoperative monitoring and outsourced intraoperative monitoring.Intraoperative neuromonitoring has wide application in various surgeries to prevent post-operative complications related to the nervous system.

Based on the application, the IONM market can be segmented as follows:

  • Spinal surgery
  • Neurological Surgery
  • Cardiovascular Surgery
  • Orthopedic Surgery
  • ENT Surgery
  • Others

Geographically, the intraoperative neuromonitoring market is best understood by segmenting it into five major regions and five major region-level markets, as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

The market size and forecast for each considered geographical market are presented in this study for the period 2015-2025, along with CAGRs for the forecast period 2017-2025, and are further cross-sectionally presented in terms of device type, application type, and constituent region/country level markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints, and opportunities) to have a good understanding of the current and anticipated trends in the global intraoperative neuromonitoring market. Competition assessment tools such as major agreements, partnerships, and collaborations, market attractiveness assessment, and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with a profile of key market players currently enjoying prominent positions in the intraoperative neuromonitoring market. The key players profiled in this report are Medtronic plc, Computational Diagnostics, Inc., NuVasive, Inc., Inomed Medizintechnik GmbH, Accurate Monitoring LLC, Nihon Kohden Corporation, Moberg Research, Inc., and others.

Intraoperative neuromonitoring (IONM) is used to record the real-time status of the nervous system to avoid the detrimental effects associated with the damage of the nervous system during high-risk spinal, neurological, cardiovascular, orthopedic, or other surgeries. The high level of patient safety is the main concern, and this fact contributes to the growth of the intraoperative neuromonitoring market.

Depending on the various sources, intraoperative neuromonitoring can be categorized as follows:

  • Insourced IONM
  • Outsourced IONM

Insourced intraoperative neuromonitoring is when IONM is purchased by medical centers and handled directly by the surgeons or hospital administration, whereas an outsourced IONM facility is when the equipment is outsourced to a third-party agent who operates independently.

Because of the increasing demand for intraoperative neuromonitoring to continuously monitor neuronal function for patient safety and ease of access, insourced IONM is expected to grow significantly. However, the cost and maintenance associated with insourced IONM drive the growth of outsourced IONM. Outsourced IONM, on the other hand, is significantly less expensive than insourced IONM because a single piece of equipment can serve multiple medical centers and hospitals. The improved insights of outsourced IONM handled by highly qualified, trained, and standard professionals reduce the capital costs of hospitals and other medical centers by hiring specialists for the insourced IONM. All these factors are expected to contribute to enormous growth in the outsourced intraoperative neuromonitoring market in the forecasting period.

Intraoperative neuromonitoring (IONM) is a useful technique to assess neuronal function in a real-time manner in high-risk surgeries like neurological surgeries, spinal surgeries, cardiovascular surgeries, orthopedic surgeries, and others. The continuous assessment of the nervous system during surgery is crucial to improving patient safety.

IONM has a wide application in various surgical procedures for safety management to reduce post-operative complications regarding an injury to the nervous system. On the basis of application.

The intraoperative neuromonitoring market is classified as follows:

  • Spinal surgery
  • Neurological Surgery
  • Cardiovascular Surgery
  • Orthopedic Surgery
  • ENT Surgery
  • Others

Neurosurgeries and spinal surgeries are expected to account for the majority of the intraoperative neuromonitoring market. The increasing procedure volume of neurosurgery and spine surgery fuels the growth of the intraoperative neuromonitoring market. Identifying neural activities during surgery aids in guiding immediate interventions if there is any nervous system injury and prevents further complications. A research study showed a reduction in the number of poor surgical results while using intraoperative neuromonitoring.

Rising rates of osteoarthritis and osteoporosis, combined with an aging population, drive orthopedic surgery, primarily joint replacement or reconstruction procedures. Monitoring using IONM throughout the course of elbow and shoulder arthroplasty, total knee replacement, or other orthopedic surgery is, therefore, vital to protecting the nerve from damage, a blood clot, or any artery injury.

Deafness, hearing loss, and eye problems are becoming more common as the geriatric population grows, as is the need for ENT surgical intervention.ENT surgeries are complex in nature, and the involvement of neuromonitoring serves to improve patient outcomes with diminished risk.Geographically, the global intraoperative neuromonitoring market is cumulative for North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

North America is predicted to have the largest market share in the intraoperative neuromonitoring market, followed by Europe. The well-developed healthcare infrastructure, increasing demand for neurologic care, rising patient safety, and presence of major players in intraoperative neuromonitoring devices all contribute to the dominance of the North American region. The huge number of people suffering from neurologic disorders, emerging medical tourism and developing healthcare infrastructure fuel the growth of the intraoperative neuromonitoring market in the Asia-Pacific region, and it is expected to face substantial growth in upcoming periods due to the growing trend of health awareness.

The detailed regional classification of the global intraoperative neuromonitoring market is as follows:

  • North America (U.S. and Canada)
  • Europe (Germany, U.K., France, Spain, Italy, and the Rest of Europe)
  • Asia Pacific (China, India, Japan, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (GCC plus the rest of the Middle East and Africa)

Chapter 1 Preface

1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

 

Chapter 2 Executive Summary
2.1 Intraoperative Neuromonitoring Market Portraiture
2.2 Intraoperative Neuromonitoring Market, by Source Type, 2016 (US$ Mn)
2.3 Intraoperative Neuromonitoring Market, by Application Type, 2016 (US$ Mn)
2.4 Intraoperative Neuromonitoring Market, by Geography, 2016 (Value %)

 

Chapter 3 Global Intraoperative Neuromonitoring Market Analysis
3.1 Global Intraoperative Neuromonitoring Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Challenges
3.2.3 Opportunities
3.3 Attractive Investment Proposition
3.4 Competitive Analysis: Global Intraoperative Neuromonitoring Market, 2016 (Value %)

 

Chapter 4 Global Intraoperative Neuromonitoring Market Analysis, By Source Type
4.1 Overview
4.1.1 Market Attractive Proposition of Intraoperative Neuromonitoring Market, by Source Type, 2016
4.2 Insourced Intraoperative Neuromonitoring
4.3 Outsourced Intraoperative Neuromonitoring

 

Chapter 5 Global Intraoperative Neuromonitoring Market Analysis, By Application Type
5.1 Overview
5.1.1 Market Attractive Proposition of Intraoperative Neuromonitoring Market, by Application Type, 2016
5.2 Spinal Surgery
5.3 Neurological Surgery
5.4 Cardiovascular Surgery
5.5 Orthopedic Surgery
5.6 ENT Surgery
5.7 Others

 

Chapter 6 Global Intraoperative Neuromonitoring Market, By Geography
6.1 Preface
6.2 North America (U.S. & Canada)
6.2.1 North America Intraoperative Neuromonitoring Market, by Source Type, 2015-2025 (US$ Mn)
6.2.2 North America Intraoperative Neuromonitoring Market, by Application Type, 2015-2025 (US$ Mn)
6.2.3 North America Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
6.3 Europe (U.K., Germany & Rest of Europe)
6.3.1 Europe Intraoperative Neuromonitoring Market, by Source Type, 2015- 2025 (US$ Mn)
6.3.2 Europe Intraoperative Neuromonitoring Market, by Application Type, 2015-2025 (US$ Mn)
6.3.3 Europe Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
6.4 Asia-Pacific (China, Japan & Rest of Asia-Pacific)
6.4.1 Asia Pacific Intraoperative Neuromonitoring Market, by Source Type, 2015-2025 (US$ Mn)
6.4.2 Asia Pacific Intraoperative Neuromonitoring Market, by Application Type, 2015-2025 (US$ Mn)
6.4.3 Asia – Pacific Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
6.5 Latin America (Brazil, Mexico and Rest of LATAM)
6.5.1 Latin America Intraoperative Neuromonitoring Market, by Source Type, 2015-2025 (US$ Mn)
6.5.2 Latin America Intraoperative Neuromonitoring Market, by Application Type, 2015-2025 (US$ Mn)
6.5.3 Latin America Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
6.6 Middle East and Africa
6.6.1 Middle East and Africa Intraoperative Neuromonitoring Market, by Source Type, 2015-2025 (US$ Mn)
6.6.2 Middle East and Africa Intraoperative Neuromonitoring Market, by Application Type, 2015-2025 (US$ Mn)
6.6.3 Middle East and Africa Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)

 

Chapter 7 Company Profiles
7.2 Computational Diagnostics, Inc.
7.3 NuVasive, Inc.
7.4 Inomed Medizintechnik GmbH
7.5 Accurate Monitoring LLC
7.6 Nihon Kohden Corporation
7.7 Moberg Research, Inc.
7.8 Others

 

List of Figures

FIG. 1 Intraoperative Neuromonitoring Market: Research Methodology
FIG. 2 Intraoperative Neuromonitoring Market, by Source Type, 2016 (US$ Mn)
FIG. 3 Intraoperative Neuromonitoring Market, by Application Type, 2016 (US$ Mn)
FIG. 4 Intraoperative Neuromonitoring Market, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition
FIG. 6 Competitive Analysis: Global Intraoperative Neuromonitoring Market, 2016 (Value %)

 

List of Tables

TABLE 1 Global Intraoperative Neuromonitoring Market, By Source Type (US$ Mn), 2015– 2025 (Value)
TABLE 2 Global Insourced Intraoperative Neuromonitoring Market (US$ Mn), 2015-2025
TABLE 3 Global Outsourced Intraoperative Neuromonitoring Market (US$ Mn), 2015-2025
TABLE 4 Global Intraoperative Neuromonitoring Market, By Application Type (US$ Mn), 2015–2025 (Value)
TABLE 5 Global Spinal Surgery Market (US$ Mn), 2015-2025
TABLE 6 Global Neurological Surgery Market (US$ Mn), 2015-2025
TABLE 7 Global Cardiovascular Surgery Market (US$ Mn), 2015-2025
TABLE 8 Global Orthopedic Surgery (US$ Mn), 2015-2025
TABLE 9 Global ENT Surgery (US$ Mn), 2015-2025
TABLE 10 Global Others Market (US$ Mn), 2015-2025
TABLE 11 Global Intraoperative Neuromonitoring Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 12 North America Intraoperative Neuromonitoring Market, by Source Type, 2015 – 2025 (US$ Mn)
TABLE 13 North America Intraoperative Neuromonitoring Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 14 North America Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 15 Europe Intraoperative Neuromonitoring Market, by Source Type, 2015 – 2025 (US$ Mn)
TABLE 16 Europe Intraoperative Neuromonitoring Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 17 Europe Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 18 Asia Pacific Intraoperative Neuromonitoring Market, by Source Type, 2015 – 2025 (US$ Mn)
TABLE 19 Asia Pacific Intraoperative Neuromonitoring Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 20 Asia – Pacific Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 21 Latin America Intraoperative Neuromonitoring Market, by Source Type, 2015 – 2025 (US$ Mn)
TABLE 22 Latin America Intraoperative Neuromonitoring Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 23 Latin America Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 24 Middle East and Africa Intraoperative Neuromonitoring Market, by Source Type, 2015 – 2025 (US$ Mn)
TABLE 25 Middle East and Africa Intraoperative Neuromonitoring Market, by Application Type, 2015– 2025 (US$ Mn)
TABLE 26 Middle East and Africa Intraoperative Neuromonitoring Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 27 Medtronic plc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 28 Computational Diagnostics, Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 29 NuVasive, Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News overage)
TABLE 30 Inomed Medizintechnik GmbH: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 31 Accurate Monitoring LLC: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 32 Nihon Kohden Corporation: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 33 Moberg Research, Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 34 Others: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)

Frequently Asked Question:

What is the size of Intraoperative Neuromonitoring Market?

The market for Intraoperative Neuromonitoring Market is expected to reach USD$ XX in 2025.

What is the Intraoperative Neuromonitoring Market CAGR?

The Intraoperative Neuromonitoring Market is expected to see significant CAGR growth over the coming years, at 4.7%.

What is the Forecast period considered for Intraoperative Neuromonitoring Market?

The report is forecasted from 2017 -2025.

What is the base year considered for Intraoperative Neuromonitoring Market?

The base year of this report is 2016.

Who are the major players in this market?

Medtronic plc, Computational Diagnostics, Inc., NuVasive, Inc., Inomed Medizintechnik GmbH, Accurate Monitoring LLC, Nihon Kohden Corporation. are some of the major players in the global market.

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