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The nerve monitoring systems market size has also experienced strong growth in recent years, anticipated to grow from $1.28 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. This growth is primarily driven by advancements in surgical techniques, a growing emphasis on patient safety, an increase in minimally invasive surgeries, improvements in monitoring technology, and rising demand for precision medicine. The market is expected to reach $1.76 billion in 2028 at a CAGR of 6.6%, influenced by the rising incidence of chronic diseases necessitating complex surgeries, an expanding elderly population with higher surgical needs, increased awareness of nerve injury risks, a growing demand for real-time monitoring during surgeries, and the expansion of healthcare infrastructure. Major trends in the forecast period include the integration of artificial intelligence and machine learning, the development of wearable and portable nerve monitoring devices, advancements in wireless and remote monitoring technologies, a focus on personalized medicine with customized nerve monitoring solutions, and the adoption of integrated surgical platforms.

The increasing burden of neurological diseases is projected to drive the growth of the nerve monitoring system market moving forward. Neurological diseases encompass disorders that affect the brain, spinal cord, and nerves, leading to impaired movement, cognition, sensation, or autonomic function. The rise in neurological diseases can be attributed to an aging population, longer life expectancy, and increased exposure to risk factors such as environmental toxins, lifestyle changes, and stress. Nerve monitoring systems are critical in managing neurological diseases to prevent nerve damage during surgeries, ensuring the preservation of nerve function, and minimizing postoperative complications. For example, in March 2024, the World Health Organization (WHO), a Switzerland-based intergovernmental organization, reported that over 3 billion people globally were living with neurological conditions in 2021, making these diseases the leading cause of illness and disability worldwide. Moreover, in October 2021, the World Federation of Neurology, a UK-based association of national neurological societies, stated that over 40% of the global population currently experiences some form of neurological condition, with this burden expected to double by 2050. Therefore, the increasing prevalence of neurological diseases will drive the growth of the nerve monitoring system market through 2023, into 2024, and anticipated growth by 2028.

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What Are The Key Trends That Influence Nerve Monitoring Systems Market Share Analysis?

Major companies in the nerve monitoring system market are concentrating on developing technologically advanced products, such as supersonic technology-integrated neuromonitoring devices, which offer high-resolution, real-time imaging of nerve structures to improve accuracy and safety during surgeries. These neuromonitoring devices utilize advanced ultrasonic imaging techniques for real-time, high-resolution monitoring of nerve structures and functions during surgical procedures. For instance, in December 2022, WISE, an Italy-based medical device company, announced that the US Food and Drug Administration (FDA) approved its WISE Cortical Strip (WCS) for Intraoperative Neurophysiological Monitoring (IONM). The WCS device is intended for use during surgeries alongside other medical equipment to record, monitor, and stimulate electrical signals from the brain’s surface. Unlike traditional rigid metal disc cortical electrodes, WCS features stretchable platinum contacts embedded in a soft, thin silicone film, allowing it to conform seamlessly to the brain’s surface. These electrodes utilize stretchable electronic circuits integrated into ultra-thin elastomeric foils using supersonic technology.

Which Market Players Are Driving Growth In The Nerve Monitoring Systems Market?

Major companies operating in the nerve monitoring systems market are Medtronic Plc, Nihon Kohden Corporation, SpecialityCare Inc., NuVasive Inc., Halyard Health, Natus Medical Inc., Brainlab AG, Biotronic NeuroNetwork LLC, Cadwell Industries Inc., Bovie Medical, Magstim, Inomed Inc., Neuspera Medical Inc., Rhythmlink International LLC, Stimwave LLC, EMS Handels GmbH, Checkpoint Surgical Inc., Rochester Electro-Medical Inc., Sentient Healthcare Inc., Erbe Elektromedizin GmbH, NeuroWave Systems Inc., Langer Medical GmbH, Neurovision Medical Products Inc., ProPep Surgical LLC, SafeOp Surgical Inc.

How Is The Global Nerve Monitoring Systems Market Segmented?

The nerve monitoring systems market covered in this report is segmented –

1) By Product: Nerve Monitor, Electrodes, Probes, Accessories
2) By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), Evoked Potential (EP)
3) By Application: Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users

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The Nerve Monitoring Systems Global Market Report 2024 provides an overview of the nerve monitoring systemsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nerve monitoring systems market forecast analyzes nerve monitoring systems market size, nerve monitoring systems market share, leading competitor and their market positions.

The Table Of Content For The Nerve Monitoring Systems Market Include

1. Nerve Monitoring Systems Market Executive Summary
2. Nerve Monitoring Systems Market Segments
3. Nerve Monitoring Systems Market Size And Template Market Growth Rate
4.  Key Nerve Monitoring Systems Market Trends
5. Major Nerve Monitoring Systems Market Drivers
……
25. Key Mergers And Acquisitions In The Nerve Monitoring Systems Market
26. Top Nerve Monitoring Systems Companies
27. Nerve Monitoring Systems Market Opportunities And Strategies
28. Nerve Monitoring Systems Market, Conclusions And Recommendations
29. Appendix

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