"Global Executive Summary Intraoperative Neurophysiological Monitoring Market: Size, Share, and Forecast
CAGR Value
Intraoperative neurophysiological monitoring market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2,768.32 million growing at a CAGR of 7.86% in the above-mentioned forecast period.
The report has provided crucial information about the elements that are impacting and driving the sales of the Intraoperative Neurophysiological Monitoring Market. The section of the competitive landscape keeps utmost importance in the report which consists of key market players functioning in the worldwide Intraoperative Neurophysiological Monitoring Market industry. The market analysis report has been formulated with the proper research methodology and validated from the professionals and analysts to ensure the eminent quality reports. According to this Intraoperative Neurophysiological Monitoring Market report, several macroeconomic factors, such as gross domestic product (GDP) and the increasing inflation rate, are expected to affect directly or indirectly in the development of the market.
Intraoperative Neurophysiological Monitoring is a professional and comprehensive report covering market parameters about the Intraoperative Neurophysiological Monitoring Market industry. The report pinpoints on the leading market competitors with explaining company profile depending on SWOT analysis to illustrate the competitive nature of the market internationally. Even more, the report comprises of market evolution, market shares, associations and level of investments with other leading companies, monetary settlements impacting the Intraoperative Neurophysiological Monitoring Market in recent years are also analyzed. This global industry analysis report endows with the insights about import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
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Intraoperative Neurophysiological Monitoring Industry Overview
Segments
Intraoperative neurophysiological monitoring (IONM) plays a critical role in monitoring the nervous system during high-risk surgeries, helping to minimize the risk of neurological damage and improve patient outcomes. The global intraoperative neurophysiological monitoring market is segmented based on product, method, source type, application, modality, and end-user. The product segment includes instruments and accessories, with instruments holding a significant market share due to their essential role in IONM procedures. Based on method, the market is categorized into invasive IONM and non-invasive IONM, with invasive IONM being widely used in various surgeries for accurate monitoring. Source type segmentation consists of insourced IONM and outsourced IONM, with insourced IONM being the preferred choice for many healthcare facilities due to better control and customization options.
The application segment of the global IONM market covers spinal surgery, neurosurgery, ENT surgery, vascular surgery, orthopedic surgery, and other surgeries. Neurosurgery holds a substantial market share due to the complexity of procedures and the need for precise monitoring. Modality segmentation includes EEG, EMG, EP, SSEP, VEP, and BAEP, with EEG (Electroencephalography) being the most commonly used modality in IONM procedures. Hospitals, clinics, and ambulatory surgical centers are the key end-users of intraoperative neurophysiological monitoring systems, with hospitals dominating the market due to the high volume of surgeries performed in these settings.
Market Players