San Francisco, 26 April, 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 IntraoperativeNeuromonitoring (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.
Access Full Research
Report On Intraoperative Neuromonitoring
(IONM) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/intraoperative-neuromonitoring-market
http://www.grandviewresearch.com/industry-analysis/intraoperative-neuromonitoring-market
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: https://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
Access Full Press
Release of this Report: https://www.grandviewresearch.com/press-release/global-intraoperative-neuromonitoring-ionm-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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