Global Intraoperative Neuromonitoring Market
Medical Equipment

How Will The Intraoperative Neuromonitoring Market Globally Expand In 2023?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s intraoperative neuromonitoring market report forecasts the intraoperative neuromonitoring market size to grow to $4.46 Billion by 2027, with a CAGR (compound annual growth rate) of almost 7%.

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Intraoperative Neuromonitoring Market Size Forecast
The global intraoperative neuromonitoring market is expected to grow from $3.17 billion in 2022 to $3.42 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The intraoperative neuromonitoring market is expected to reach $4.46 billion in 2027 at a CAGR of 6.9%.

North America held the largest intraoperative neuromonitoring market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Intraoperative Neuromonitoring Market Driver ­– Increase In The Prevalence Of Neurovascular Disorders
For example, according to the National Library Of Medicine, a federal government in the United States, an estimated 6.2 million Americans aged 65 and older suffer from Alzheimer’s dementia, with that number expected to rise to 13.8 million by 2060. As a result, the rising prevalence of chronic diseases propels the intraoperative neuromonitoring market.

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Key Intraoperative Neuromonitoring Market Trend – Adopting Technologically Advanced Devices
To strengthen their position in the intraoperative neuromonitoring market, major players are focusing on developing new technological solutions. For example, NuVasive Inc., a medical device company based in the United States, will launch the Cohere TLIF-O implant, a porous peek implant for posterior spine surgery, in October 2021. This implant has been linked to improved clinical outcomes and comprehensive surface technology options for posterior spine surgery, thereby advancing patient care standards.

Intraoperative Neuromonitoring Market Segment
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 Users: Hospitals, Ambulatory Surgical centers

Intraoperative Neuromonitoring Market Major Players and Strategies
Major players in the intraoperative neuromonitoring market are Natus Medical Incorporated, Accurate Monitoring LLC, NeuroMonitoring Technologies Inc., Medtronic PLC, IntraNerve LLC, Nihon Kohden Corporation, NuVasive Inc., Computational Diagnostics Inc., Specialty Care Inc., Inomed Medizintechnik GmbH, Cadwell Industries Inc., Moberg Research Inc., Technomed, Sentient Medical Systems, Biotronic NeuroNetwork, Neuro Style, Neuro Alert, Medsurant Holdings, Medgadget Inc., and ProPep Surgical.

Sentry Neuromonitoring, LLC was acquired by Assure Holdings Corp., a US-based company that provides intraoperative neuromonitoring services, for an undisclosed sum in May 2021. This acquisition would improve Assure Holdings Corp’s financial position and provide new business opportunities in Texas, Missouri, and Kansas. Sentry Neuromonitoring, LLC is a company based in the United States that specialises in intraoperative neuromonitoring.

The Intraoperative Neuromonitoring Global Market Report 2023 covers regional data on intraoperative neuromonitoring market size, intraoperative neuromonitoring market trends and drivers, opportunities, strategies, and intraoperative neuromonitoring market competitor analysis. The countries covered in the intraoperative neuromonitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Intraoperative neuromonitoring is the collection of techniques used to monitor neural circuits during high-risk neurosurgery, orthopedic, peripheral nerve, and vascular surgeries. It monitors vulnerable brain structures in real time, allowing surgeons to detect and avoid potential harm.

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