Global Nerve Monitoring Devices Market 2019-2028 – Onset of Advanced Technologies to upsurge the Growth
Nerve monitoring systems allows surgeons to identify, and monitor motor nerve function. It helps to reduce the risk of nerve damage during various procedures which including ENT and other general surgeries. Patients can suffer from temporary or permanent damage if a nerve is irritated or injured and hence nerve monitoring devices plays an important role during surgical procedures. It is also known as intraoperative neurophysiological monitoring (IONM).
Increasing in the prevalence of neurological disorders is expected to drive the global nerve monitoring devices market over the forecast period. Rapidly growing elderly population and increasing number of surgical procedures is expected to propel the market growth over the forecast period. Continuous development in nerve monitoring systems for diagnosis and treatment of the neurological disorders is expected to create demand for nerve monitoring device market over the forecast period. Furthermore, increasing number of critical and complex surgeries across the globe is expected to drive the global nerve monitoring devices market over the forecast period.
The global nerve monitoring devices market report has been segmented on the basis of product, technology, application, and region. Rising prevalence of neurological diseases is major factor expected to drive the market growth over the forecast period. Furthermore, rapidly growing ageing population is expected to propel the market growth. In addition, technological advancements in nerve monitoring devices is expected to boost the market growth.
Based on technology, the market is segmented based on Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECoG), and Evoked potential (EP). The Electromyography segment is expected to witness rapid growth rate over the forecast period owing to the wide clinical applications in neurological diseases.
Based on application, the market is segmented based on neurosurgery, spine surgery, ENT surgery, and general surgery. The ENT surgery segment is expected to witness rapid growth rate over the forecast period owing to increasing number of ENT surgeries globally.
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Global nerve monitoring devices market segmentation, by product:
- Nerve monitors
- Nerve stimulation electrodes and probes
Global nerve monitoring devices market segmentation, by technology:
- Electromyography (EMG)
- Electroencephalography (EEG)
- Electrocorticography (ECoG)
- Evoked potential (EP)
Global nerve monitoring devices market segmentation, by application:
- Spine surgery
- ENT surgery
- General surgery
Based on region, the global nerve monitoring devices market is segmented into North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and expected to maintain its dominance over the forecast period. Asia Pacific is expected to witness rapid growth rate over the forecast period. This is attributed to the rapidly growing geriatric population. Increasing number of critical and complex surgeries in China and India is excepted to fuel the market growth. Furthermore, improving healthcare infrastructure is expected to propel the Asia Pacific market over the forecast period.
Some prominent players in the global nerve monitoring devices market are Medtronic Plc., NuVasive, Inc., Nihon Kohden Corporation, Inomed, EMS Handels Gesellschaft mbH, Neurosign Surgical, Natus Medical Incorporated, Neurovision Medical Products, Dr. Langer Medical GmbH, and Bovie Medical Corporation
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Main Aim Of The Report:
1) To deliver an extensive study of this industry exhibition together with an estimation of the various sections and sub-segments.
2) To cover insights by factors impacting the industry improvement.
3) To present past and future earnings of their market section and sub-segments with respect to major geographies and states – worldwide.
4) A regional-level examination of this market linked to the current market size and future prospects.
5) To present a study of the market by particular departmental research methodologies, product type, and also industry sub-segments.
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8) To examine – based on various different features – price study, supply chain study, porter five forces analysis, and PESTEL analysis, SWOT study etc.
Furthermore, the study evaluates major market points like growth revenue, capacity usage ratio, overall industry profit, price, volumes, overall margin, cost, demand, supply, export-import, consumption, extension rate and market share and thus forth.