Industry Overview of Intraoperative Neuromonitoring Market
Intraoperative neuromonitoring (IONM) is a collection of procedures that assist in detecting, monitoring, and confirming nerve function to minimize the risk of neurological complications during or after surgical operations. Surgeons can utilize IONM to identify electrophysiological changes during head, spine, or neck surgery, which are crucial for inserting implants, extending incisions, positioning limbs, and performing retraction techniques. Additionally, nerve structures can be identified to prevent possible damage, allowing for optimized interventions while preserving function. As a result, IONM has a wide range of applications in various surgeries, including ENT, emergency, visceral, neuro, cardiothoracic, orthopedic, and vascular surgeries. The IONM market in the United States has seen significant growth recently due to its ability to monitor the nervous system during surgical procedures, which reduces nerve injuries and improves patient outcomes.
How Big Is the Intraoperative Neuromonitoring (IONM) Market?
According to the new market research report by IMARC Group the global intraoperative neuromonitoring (IONM) market reached a value of US$ 3.3 Billion in 2022. It is projected to reach a value of US$ 5.4 Billion by 2028, exhibiting a CAGR of 7.09% during 2023-2028.
Global Intraoperative Neuromonitoring (IONM) Market Trends and Drivers:
The IONM market is being driven by the increasing prevalence of neurovascular disorders such as Alzheimer’s, Parkinson’s, stroke, and epilepsy, along with a greater need for patient safety during complex surgeries. The market is also benefiting from a growing elderly population, rising expenditure capacity, and the trend of medical tourism. Intraoperative neuromonitoring devices are gaining popularity due to an increasing demand for minimally invasive and non-invasive surgeries.
Moreover, the global IONM market is growing due to significant investments in research and development activities. The market is further supported by government policies and reimbursement plans that favor outsourced monitoring, along with strategic collaborations between smaller firms and key market players to expand their product offerings. These factors are expected to continue driving the growth of the IONM market in the forecast period.
Key Market Segmentation:
The report provides detailed segmentation of the global intraoperative neuromonitoring market based on based on product and services, source type, application and end user and region.
Product and Services:
- Systems
- Accessories
- Services
Source Type:
- Insourced Monitoring
- Outsourced Monitoring
Application:
- Spinal Surgery
- Neurosurgery
- Vascular Surgery
- ENT Surgery
- Orthopedic Surgery
- Others
End User:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Accurate Monitoring LLC, Computational Diagnostics Inc., inomed Medizintechnik GmbH, Intranerve LLC, Medtronic plc, Natus Medical Incorporated, NeuroMonitoring Technologies Inc., Neurophysiology Services Asia, Nihon Kohden Corporation, NuVasive Inc., Specialtycare Inc. and Technomed.
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