Nerve Monitoring System Market - Increased Clinical Studies in the Field of Nerve Monitoring to Boost the Future Growth


Posted February 1, 2021 by mmvaidya

Rising use of nerve monitoring in trauma cases to drive the market demand for nerve monitoring system.
 
Nerve monitoring procedures utilize dedicated stimulation probes or electrodes; those are hand-held, single-use devices to locate and/or stimulate local nerve endings. These devices provide an electrical impulse to stimulate motor nerves or muscle to evaluate nerve integrity. Moreover, nerve stimulation electrodes & probes are used during various surgeries, such as parotid surgeries, orthopedic trauma surgeries, head & neck surgeries, and neurosurgery.

The nerve stimulation electrodes and probes market is projected to reach 42.4% of overall Nerve Monitoring Technology Market by 2022, largely due to the increasing awareness of healthcare professionals about clinical benefits associated with nerve monitoring (such as improved patient safety & surgical accuracy, decreased post-operative trauma, and early patient recovery), increasing number of complex & critical surgeries worldwide (coupled with growing number of target patient population base).

Rising spinal cord injuries across the world, ongoing technological advancements in the field of nerve stimulation & monitoring, and rising adoption of intraoperative nerve monitoring during surgeries are likely to propel further growth of the nerve monitoring systems during the forecast period.

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Key Questions Addressed in This Study:

# What are the business growth strategies adopted by key Nerve Monitoring System Market players to maintain their market position across key geographies?
# What is the existing developmental pipeline of major nerve monitoring systems among Medtech manufacturers as well as academia?
# Growing number of trauma based surgical procedures is a key trend in clinical management. What impact trauma based surgical procedures will have on nerve monitoring systems market during the forecast period?
# What alternative technologies/therapies are currently being used for nerve monitoring worldwide? What competition they pose for key nerve monitoring systems market players?

The electromyography segment is expected to register highest growth rate during the forecast period

Based on technology, the nerve monitoring system market is divided into electroencephalography, electromyography, electrocorticography and evoked potential. Among these segments, electromyography is expected to grow at the highest CAGR during the forecast period. Growing availability of reimbursements for EMG-assisted surgical procedures in developed countries, significant use of EMG nerve monitoring for intraoperative applications, and technological advancements in the field are expected to drive the growth of the electromyography segment in the next five years.

Based on end users, the hospitals and surgical centers segment is expected to register fastest growth rate in the forecast period

The Nerve Monitoring Technology Market is segmented into hospitals and surgical centers and ambulatory surgical centers segment. The hospitals and surgical centers is projected to be the fastest-growing end-user segment due to increasing number of complex surgical procedures, and rising number of diagnostic and surgical procedures carried out at hospitals.

North America accounted for the largest share of the nerve monitoring system market

Geographically, the nerve monitoring system market is segmented into North America, Europe, Asia, and the Rest of the World. North America is estimated to account for the largest share of the market in 2017, which is driven by the presence of a large patient population accompanied by a well established medical reimbursement policy.

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Global Leaders:

In 2016, Medtronic (Ireland) held the leading position in the Nerve Monitoring Technology Market. Over the past three years, the company has focused on the R&D activities for the product innovation and increased its R&D expenditure for further growth in the industry. NuVasive (US), Nihon Kohden (Japan), Bovie Medical (US), Natus Medical (US), Checkpoint Surgical (US), Magstim (UK), Inomed (Germany), Erbe Elektromedizin (Germany), Dr. Langer Medical (Germany), EMS Handels (Austria), Neurovision Medical (US), and Halyard Health (Georgia), were few other key players operating in the Nerve Monitoring System Market.

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Issued By Makarand Vaidya
Country United States
Categories Industry , Medical , News
Tags nerve monitoring technology , nerve monitoring technology market
Last Updated February 1, 2021