Major Drivers Propelling the Growth oh theIntraoperative Neuromonitoring Market Forward: The Role Of Intraoperative Neuromonitoring In Addressing The Surge In Prevalence Of Chronic Neurological Disorders
Discover trends, market shifts, and competitive outlooks for the intraoperative neuromonitoring industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Are the Key Milestones in the Intraoperative Neuromonitoring Market’s Growth Trajectory From 2025 To 2034?
In recent times, there has been robust growth in the intraoperative neuromonitoring market size. It is forecasted that the market will expand from its 2024 worth of $3.56 billion to $3.8 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. The key factors driving growth during the historical period include a surge in the number of neurological disorders, an increased understanding among surgeons, widened use in diverse surgeries, a rise in the elderly population, and favorable insurance and reimbursement policies.
The market size for intraoperative neuromonitoring is projected to witness significant expansion in the ensuing years, with its value expected to reach $5.23 billion in 2029, registering a compound annual growth rate of 8.3%. The growth anticipated during the forecast period can be ascribed to the rising demand for minimally invasive surgeries, a worldwide increase in surgical procedures, an amplified emphasis on patients’ safety, broadening applications in emerging medical fields, and government policies and regulations. The upcoming period will see key developments including technological advancements, IoT-enabled devices, product innovations, and strategic collaborations.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Intraoperative Neuromonitoring Market?
An escalation in the occurrence of neurovascular illnesses is predicted to drive the growth of the intraoperative neuromonitoring market. Neurovascular disorders encompass long-term diseases like Parkinson’s, Alzheimer’s and epilepsy. Intraoperative neuromonitoring plays a crucial role by evaluating neural structures’ integrity and awareness amid surgical interventions for various neurodegenerative diseases, including Alzheimer’s. The National Library Of Medicine, a US federal organization, has reported about 6.2 million Americans aged 65 or above are afflicted with Alzheimer’s dementia, and this number is projected to rise to 13.8 million by 2060. Thus, the growing prevalence of neurovascular conditions propels the intraoperative neuromonitoring market.
Which Key Market Segments Comprise the Intraoperative Neuromonitoring Market and Drive Its Revenue Growth?
The intraoperative neuromonitoring market covered in this report is segmented –
1) By Products And Services: Systems, Accessories, Services
2) By Modality: Motor Evoked Potentials, Somatosensory Evoked Potentials, Electroencephalography, Electromyography, Brainstem Auditory Evoked Potentials, Visual Evoked Potentials
3) By Application: Spinal Surgery, Neurosurgery, Vascular Surgery, ENT Surgery, Orthopedic Surgery, Other Surgeries
4) By End User: Hospitals, Ambulatory Surgical centers
Subsegments:
1) By Systems: Electromyography (EMG) Systems, Electroencephalography (EEG) Systems, Evoked Potential (EP) Systems, Multimodal Monitoring Systems
2) By Accessories: Electrodes, Cables And Connectors, Amplifiers, Monitors And Display Units
3) By Services: Consulting Services, Technical Support And Maintenance, Training And Education Services, Data Analysis And Reporting Services
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Which Areas Are Leading Regions in the Intraoperative Neuromonitoring Market Expansion Across the Globe?
North America was the largest region in the intraoperative neuromonitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intraoperative neuromonitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Key Market Trends in the Intraoperative Neuromonitoring Market Over the Coming Years?
The emergence of technologically superior devices in the realm of intraoperative neuromonitoring is a significant trend escalating in recognition in the intraoperative neuromonitoring market. Predominant businesses in this market are striving to formulate innovative technological solutions to fortify their standing. To illustrate, Nihon Kohden, a medical device manufacturer from Japan, unveiled the One View solution in October 2023. This novel feature in the Neuromaster G1 intraoperative neuromonitoring (IONM) system facilitates smooth integration of the patient’s anesthesia and vital signs data, such as heart rate, SpO2, temperature, etc, with neurological information within the IONM software. It adopts a customizable alert system equipped with auditory prompts, encouraging rapid reactions and timely interventions. These alerts can be preset to activate based on certain threshold parameters.
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How Is the Intraoperative Neuromonitoring Market Conceptually Defined?
Intraoperative neuromonitoring is defined as the collection of techniques used during high-risk neurosurgery, orthopedic, peripheral nerve, and vascular surgeries to monitor neural circuits. It monitors susceptible brain structures in real time, allowing surgeons to detect and avoid potential harm.
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