Global Nerve Monitoring Device Market 2018 Growth Factors and Industry Overview
Posted: Dec 08, 2018
Nerve Monitoring Devices are used by surgeons in an intraoperative manner for the monitoring and identification of any fluctuations in the body during surgery. It has become an integral part in surgical procedures like spine, brain, vascular and orthopedic surgeries. Nerve monitoring devices are mostly used in general surgeries and surgeries of the ear, nose, and throat. Neural function monitoring is crucially invaluable in the effort to avoid damage to nerves in the middle of a surgery. The chances of nerve damage during surgery can be very high for certain types of surgeries, making the use of nerve monitoring devices absolutely necessary.
The Nerve Monitoring Device market has been witnessing significant growth over the past few years owing to rise in neurodegenerative disorders, increase in geriatric population, and growth in number of traumatic brain injuries. Owing to advancements in our knowledge about the nervous system, increasingly complex neural surgeries can now be achieved with near-absolute safety. In addition, government support and increase in awareness about neurodegenerative disorders are driving the market growth. However, lack of skilled personnel and harsh reimbursement policies are projected to restrain this growth. Escalations in expenditure on healthcare in developing economies and growing awareness for the use of nerve monitoring devices offer new opportunities for the market players.
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However some developing countries, where healthcare sector is not much advanced are still using substitutes to nerve monitoring devices. The software used in Nerve Monitoring devices can be subcontracted to the developing countries to offer low cost solutions and help in the growth of this high end nerve monitoring equipment.
The -201cGlobal Nerve Monitoring Device Market Analysis and Forecasts to 2025-201d can be segmented into product, technology, and region. Based on the product, the market can be categorized as monitors, electrodes, and ancillary products. Monitors are the largest segment with over 75% share and ancillary products like disposable sponge disks, abrasive gel, alcohol swabs, disposable filter, and electrode creams are estimated to witness substantial growth during the forecast period. Increase usage and repeat procurements are likely to drive segment growth.
The market based on technology can be segmented electroencephalography, electromyography, evoked potential, and Electrocorticography. Companies in the intraoperative neuro monitoring market are concentrating on emerging technologically advanced nerve monitoring systems such as EEG, LTM, IONM, evoked potential, and EMG to offer better diagnosis and treatment to the patients. Numerous government and non-government activities are investing in R&D and are highlighting on developing innovative and enhanced nerve monitoring system.
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Global Nerve Monitoring Device Market Players List:
- AMD Global Telemedicine
- Intel Corporation
- Johnson & Johnson
- Abbott Laboratories
- Medtronic Plc.
- Langer Medical GmbH
- Bovie Medical Corporation
The Nerve Monitoring Device market based on the geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for Nerve Monitoring Device in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The Nerve Monitoring Device market report includes market size and analysis for all the above-mentioned regions and countries for type, length, and end user.
Table of Contents:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Global Nerve Monitoring Device Market – Market Dynamics
Chapter 4: Global Nerve Monitoring Device Market – By Product
- Ancillary Products
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