Intraoperative Neuromonitoring Market Anticipates Steady Growth Till 2025

Intraoperative Neuromonitoring Market Size,
Share, Trend, Outlook, Future Growth
Analysis And Synthesis By 2025
Intraoperative neuromonitoring also called as intraoperative neurophysiological monitoring (IOM), is an
integral part of surgical procedures that use electrophysiological techniques such as electromyography
(EMG), Electroencephalography (EEG), and evoked potentials to monitor the integrity of the neural
structures during various surgical procedures. These neural structures include neurons, spinal cord, and
several parts of the brain. The IONM helps in the risk reduction from the iatrogenic damage to the
nervous system during the surgical procedures by surgeons and anesthesiologists. The intraoperative
neuromonitoring techniques help to reduce the mortality and morbidity levels to a significant rate
without the new addition of risks. Therefore, intraoperative neuromonitoring techniques have helped to
reduce the postoperative complications in a number of surgical procedures.
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Market Dynamics
The high risk to nervous system associated with surgeries increases demand for intraoperative
neuromonitoring, which is major factor driving growth of the global intraoperative neuromonitoring
market. According to the National Centre for Biotechnology Information (NCBI) 2014, iatrogenic nerve
injuries accounted for 17.4% of the total traumatic nerve injuries. Moreover, according to World Health
Organization (WHO) factsheet of 2015, around 80% disorders in the disabling conditions are
neurological. The favorable reimbursement scenario is also responsible to fuel the market growth.
However, lack of skilled professionals to operate these systems and lack of awareness regarding
neuromonitoring facilities in emerging countries are some factors that are responsible to restrain the
growth of the global intraoperative neuromonitoring market.
The global intraoperative neuromonitoring market was valued at US$ 2,632.4 million in 2016 and is
expected to witness a robust CAGR of 6.53% over the forecast period (2017 - 2025).
Increasing number of surgical failure leading to iatrogenic damage is one of the prominent factor
responsible for the growth of intraoperative neuromonitoring market. For instance, according to a
research survey published by Laser Spine Institute LLC 2015, an estimated 400,000 people undergo a
spinal surgery in the U.S. annually and 30-40% of patients were reported to be suffering from postoperative complications. Moreover, according to The American Laryngological, Rhinological and
Otological Society 2013, an estimated 6% of the cases undergoing facial nerve injury suffered from
iatrogenic facial nerve injury due to lack of care during surgical procedures.
North America was the leading region in global intraoperative neuromonitoring market in 2016,
owing to the favoring reimbursement scenario in the region and rising adoptions of IONM in
surgical department. For instance, Medicare built CPT codes and reimbursement policies
regarding to the use of intraoperative neuromonitoring as a part of revised CPT codes and
guidelines released in 2017. Another factor boosting growth of the market is the increasing
cases in the number of spinal cord surgeries in North America. For instance, according to
Pennsylvania Health Care Cost Containment Council, Statewide Statistics and Key Findings 2014,
around 21,293 adults underwent spinal fusion surgery in 2014 witnessing a rise of 67.2% since
2004 in the U.S. The same source states that that 3.3% people who underwent spinal fusion in
Pennsylvania experienced surgical complication during the fusion process.
Report includes chapters which deeply display the following deliverable about industry :
• Intraoperative Neuromonitoring Market Research Objective and Assumption
• Intraoperative Neuromonitoring Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Intraoperative Neuromonitoring Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Intraoperative Neuromonitoring Market, By Regions
• Intraoperative Neuromonitoring Market Competition by Manufacturers including Production,
Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Intraoperative Neuromonitoring Market Manufacturers Profiles/Analysis including Company
Basic Information, Manufacturing Base and Its Competitors.
• Intraoperative Neuromonitoring Market Manufacturing Cost Analysis including Key Raw
Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Intraoperative Neuromonitoring Market Forecast including Production, Consumption, Import
and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Market players are adopting inorganic growth strategies to maintain leading position in the global
intraoperative neuromonitoring market
Key players operating the global intraoperative neuromonitoring market include Accurate Monitoring,
Inomed Medizintechnik GmbH, Neuromonitoring Technologies, Natus Medical Incorporated, Medtronic,
Biotronic NeuroNetwork, NuVasive Inc., Sentient Medical Systems, and SpecialityCare.
Detailed Segmentation:
Global Intraoperative Neuromonitoring Market, By Modality:
•
Sub-Sensory Evoked Potentials
•
Motor-Sensory Evoked Potentials
- Brainstem Auditory Evoked Potentials
- Visual Evoked Potentials
- Somatosensory Evoked Potentials
•
Mapping of Motor Cortex
Global Intraoperative Neuromonitoring Market, By Source Type:
•
Insourced Monitoring
•
Outsourced Monitoring
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The global intraoperative neuromonitoring market was valued at US$ 2,632.4 million in 2016 and is expected to witness a robust CAGR of 6.53% By 2025.