About Intraoperative Neuromonitoring
Rising in the Prevalence of Chronic Disorders boost up the growth of intraoperative neuromonitoring market all over the world. Intraoperative neurophysiological monitoring (IONM) or intraoperative neuromonitoring is a procedure that decreases the risk of neurological deficits during and after the surgical procedure including the nervous system. Additionally, it encompasses the application of a wide variety of electrophysiological methods to monitor the functional integrity of the nervous system during surgical interventions. Outsourced IONM monitoring is developing at a fast pace due to its welfares over insourced monitoring. The intraoperative neuromonitoring has huge value in the medical industry in terms of patient security. With the changing perspective of medical technology, the adoption of such devices is growing and expected to see substantial development in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 9.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc (Ireland), NuVasive, Inc. (United States), SpecialtyCare (United States), Computational Diagnostics, Inc. (United States), Natus Medical Incorporated. (United States), inomed Medizintechnik GmbH (Germany), IntraNerve, LLC (United States), Nihon Kohden Corporation (Japan), AccurateMonitoring LLC (United States) and Moberg Research, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are IntraNerve, LLC (United States), Cadwell Industries (United States) and Natus Medical Incorporated (United States).
Segmentation Overview
AMA Research has segmented the market of Global Intraoperative Neuromonitoring market by , Application (Neurosurgery, Spinal Surgery, Cardiovascular Surgery, ENT Surgery, Orthopedic Surgery and Other Surgeries) and Region.
On the basis of geography, the market of Intraoperative Neuromonitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Product & Services, the sub-segment i.e. Systems will boost the Intraoperative Neuromonitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Modality, the sub-segment i.e. Electromyography (EMG) will boost the Intraoperative Neuromonitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Insourced Monitoring will boost the Intraoperative Neuromonitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Ambulatory Surgical Centers (ASCs) will boost the Intraoperative Neuromonitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Spinal Intraoperative Neuromonitoring, Increase in the Use of IONM for Orthopedic As well As ENT Surgeries and Applications of IONM in Different Surgeries
Market Growth Drivers:
Fueling Demand for Outsourced IONM Monitoring, Favorable Reimbursement Policies and Growing Number of Neurological Centers
Challenges:
Dearth of Awareness about Low Awareness of IONM in the Emerging Countries
Restraints:
Lack of Skilled Workforce
Opportunities:
Increase in Medical Tourism and Growth Opportunities in the Developing Countries and Huge Demand Due To Rise Healthcare Expenditure and Innovative Technologies
Market Leaders and their expansionary development strategies
In March 2024, MPOWERHealth, a pioneer in the field of intraoperative neuromonitoring (IONM), has acquired of Assure Neuromonitoring's operations in pivotal markets, marking a significant step in expanding its best-in-class intraoperative neuromonitoring (IONM) services. The targeted acquisition boosts MPOWERHealth's patient coverage to over 55,000 annually, solidifying its role as a leader in advancing surgical safety and patient outcomes.
In October 2023, Nihon Kohden, a global leader in medical electronic equipment, introduced the One View solution as a groundbreaking feature in the Neuromaster G1 intraoperative neuromonitoring (IONM) system. This innovative solution allows seamless integration between the patient's anesthesia and vital signs, including heart rate, SpO2, temperature, and more, with neurological data within the IONM software.
Key Target Audience
Medical Industry, Industry Association, Downstream Vendors, Government Regulatory Bodies, Government and Private Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.