San Francisco, 12
February, Intraoperative Neuromonitoring (IONM) Market Size & Forecast By
Type (Insource IONM, Outsource IONM), By Region (North America [U.S., Canada],
Europe [UK, Germany], Asia Pacific [Japan, China], Latin America [Brazil,
Mexico], MEA [South Africa]), And Trend Analysis From 2018 – 2025.
The global Intraoperative Neuromonitoring (IONM) market is
expected to reach USD 3.6 billion by 2025, based on a new report by Grand View
Research, Inc. The intraoperative neuromonitoring market is anticipated to
witness significant growth in the forecast period, which can be attributed to
the hospitals adopting intraoperative monitoring in a wide spectrum of
surgeries.
Major surgeries pose a risk to
the nervous system that necessitates neuromonitoring. This has resulted in
growing popularity of intraoperative neuromonitoring amongst surgical teams,
surgeons, and hospitals. It results in reduced cases of revision surgeries,
postoperative complications, and permanent impairment.
Industry players are acquiring
smaller companies to expand their product offerings and geographical presence.
For instance, in June 2016, Biotronic NeuroNetwork, LLC, headquartered in
Michigan, was acquired by NuVasive, Inc., in a transaction worth USD 98
million.
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Report On Intraoperative Neuromonitoring (IONM) Market Analysis:
Further key findings from the study suggest:
·
Insourced IONM dominated the
market in 2015, which is attributed to the rising number of surgeries and
emphasis on patient during the procedures. IONM is utilized to minimize the
neurological morbidity caused by operative manipulations. This offers detection
of injuries during the operation and minimizes the risk of permanent nerve
damage. Hospitals have adopted intraoperative monitoring and have trained
technologists, who are supervised by neurologists and physiologists during the
procedures.
·
Outsourced IONM is also gaining
popularity and is expected to grow at a rapid rate over the forecast period
Hospitals and healthcare centers choose to outsource their IONM needs due to
benefits such as cost-efficiency and availability of focused service providers.
·
Geographically, North America
dominated the industry in 2015 and is expected to maintain its position during
the forecast period. It is accepted as a standard of care by the medical
community in this region due to its benefits. New neurosurgeons and orthopedic
surgeons are being trained to adopt this technique during procedures.
·
Asia Pacific is anticipated to
observe the fastest growth over the coming years. Rising number of surgeries,
developing economies, growing capacity of patients to bear expenses, and presence
of a large patient pool are few factors contributing to this growth.
·
Some of the key industry
contributors are Biotronic NeuroNetwork, LLC; Medtronic; Accurate Monitoring;
NuVasive Inc.; Natus Medical Incorporated; SpecialtyCare; Sentient Medical Systems;
and NeuroMonitoring Technologies, Inc.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
intraoperative neuromonitoring (IONM) market by type and region:
IONM Market Type Outlook
(Market Revenue in USD Million, 2014 - 2025)
·
Insourced IONM
·
Outsourced IONM
IONM Market Regional Outlook
(Market Revenue in USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
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Press Release of this Report: www.grandviewresearch.com/press-release/global-intraoperative-neuromonitoring-ionm-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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