Global Intraoperative Neuromonitoring (Ionm) Market Is Expected To Get Us $6 Billion By 2025
Added: (Tue Nov 14 2017)
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The global intraoperative neuromonitoring (IONM) market is expected to be around $6 billion by 2025. The market is primarily driven by the increased adoption of IONM for the risk management during complex surgeries, rising prevalence of chronic disorders coupled with rapidly aging population, and growing application areas of IONM, with significant increase in the number of surgeries. According to World Health Organization, around 266.2 to 359.5 million surgeries were performed globally in 2012, representing an increase of 38% over the past eight years. This will significantly contribute to the growth of IONM market during the forecast period with the growing awareness related to the benefits of the use of IONM during complex surgeries. However, low awareness related to the benefits of the use of IONM during complex surgeries in developing economies and dearth of skilled professionals to operate complex IONM systems will restrain the market growth.
With development in intraoperative neuromonitoring techniques such as advanced pedicle screw stimulation techniques to avoid complications associated with misplacement of the a pedicle screw(s) which could result in vascular and neural complications, the market will witness more sophisticated devices and procedures being introduced in coming years.
The key players operating in the IONM market focus on strategic mergers and acquisitions in order to gain a competitive edge over other players. For instance, in June 2016, Biotronic NeuroNetwork acquired NuWave Monitoring, LLC, an intraoperative neuromonitoring company. The acquisition was intended for strengthening Biotronics presence in Chicago and northwestern Indiana. Similarly, in June 2016, SpecialtyCare, a provider of outsourced IONM and surgical services, acquired Sentient Medical Systems, in order to increase its coverage throughout the Atlantic states.
Some of the key players in this market are SpecialtyCare, NuVasive Inc., Medtronic plc, Natus Medical Incorporated, Neuromonitoring Technologies, Inc., Computational Diagnostics, Inc., IntraNerve, LLC, Moberg Research, Inc., Accurate Monitoring, LLC, and inomed Medizintechnik GmbH.
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Intraoperative Neuromonitoring Market Segmentation:
By Product & Service:
By Source Type:
Motor Evoked Potentials (MEPs)
Somatosensory Evoked Potentials (SSEPs)
Brainstem Auditory Evoked Potentials (BAEPs)
Visual Evoked Potentials (VEPs)
o Rest of Europe
o South Korea
o Rest of Asia Pacific
Rest of the World
o South Africa
o Saudi Arabia
o United Arab Emirates
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Table of Contents
3.1.1. Market Definition
3.1.2. Market Segmentation
22.214.171.124.Increased Adoption of IONM for the Risk Management during Complex Surgeries
126.96.36.199.Rising Prevalence of Chronic Disorders coupled with Rapidly Aging Population
188.8.131.52.Growing Application Areas of IONM
184.108.40.206.Low Awareness related to IONM
220.127.116.11.Dearth of Skilled Professionals
18.104.22.168.Emerging Markets to offer Lucrative Growth Opportunities
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