Nerve Monitoring System Market – Increased Clinical Studies in the Field of Nerve Monitoring to Boost the Global Revenue

PUNE, India, 2021-Aug-05 — /EPR Network/ —

Target Audience:

• Nerve monitoring product manufacturers
• Nerve monitoring product suppliers and distributors
• Contract manufacturers
• Healthcare service providers [including hospitals, surgical centers, and ambulatory surgical centers (ASCs)]
• Research laboratories and academic institutes
• Clinical research organizations (CROs)
• Government regulatory authorities
• Independent associations and non-government organizations
• National and international regulatory authorities
• Market research firms

Expected Growth in Revenue:

The global Nerve Monitoring Technique Market is estimated to reach USD 1.45 billion by 2022; growing at a CAGR of 4.9% during the forecast period. The expansion in target patient population, growing availability of medical reimbursement for nerve monitoring procedures, and rising demand for surgical intervention among trauma cases across the globe are some key factors propelling the growth of nerve monitoring systems industry.

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

The nerve monitoring system 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.

Geographical Growth Scenario:

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

Geographically, the Nerve Monitoring Technique 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.

Based on the technology, 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 application, neurosurgery is estimated to be the largest segment of the market in 2017.

The Nerve Monitoring Technique Market is segmented by application into cardiovascular, neurosurgery, spine surgery, ENT surgery, and other applications. The neurosurgery segment is expected to have the largest share in the nerve monitoring system market in 2017, owing to increasing number of patients suffering from neurological disorders.

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Key Players:

The major players of the nerve monitoring system market are Medtronic (Ireland), NuVasive (US), Nihon Kohden (Japan), Bovie Medical (US), and 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).

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