WASHINGTON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- The global intraoperative neuromonitoring (IONM) market size is expected to reach USD 9.03 Billion by 2028, exhibiting a CAGR of 6.9% during the forecast period, owing to the high importance on patient safety, increase in surgical procedures, and technological advancement are bolstering the growth of IONM market during the projected period. In addition, rising incomes and living standards will demand the good healthcare facility, thus increases the demand for neuromonitoring systems in the near future, states Vantage Market Research, in a report, titled “Intraoperative Neuromonitoring (IONM) Market by Products & Services (Systems, Accessories, Services) by Source Type (Insourced Monitoring, Outsourced Monitoring) by Application (Spinal Surgery, Neurosurgery, Vascular Surgery, ENT Surgery, Orthopaedic Surgery) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028.” The market size stood at USD 1.6 Billion in 2020.
The COVID-19 outbreak has affected various industries worldwide. The Intraoperative Neuromonitoring (IONM) Market had a positive impact. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy impairing various industries. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data-points:
- Impact Assessment of COVID-19 Pandemic
- Long Term Dynamics
- Short Term Dynamics
- Key Strategies Undertaken by Companies to Tackle COVID-19
The report on Intraoperative Neuromonitoring (IONM) Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Market Overview:
Increasing demand in Number of Complex & Critical Surgeries, Awareness about the Clinical Benefits Parotid Surgeries, Orthopaedic Trauma Surgeries, Head & Neck Surgeries, and Neurosurgery, to Drive Market Growth
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Nerve monitoring devices are used to provide an electrical impulse to identify muscle or nerves for nerve integrity. In addition, various strategies are used by nerve stimulation which includes orthopaedic trauma surgeries, neurosurgery, parotid surgeries, and head & neck surgeries. This in turns boost the market growth of Intraoperative Neuromonitoring (IONM) Market. Factors such as rise in demand for number of complex & critical surgeries, awareness about the clinical benefits parotid surgeries, orthopaedic trauma surgeries, head & neck surgeries, and neurosurgery drive the market growth. The Intraoperative Neuromonitoring (IONM) Market is driven by the factors, such as increasing awareness about the clinical benefits, ongoing technological advancements, and increasing spinal cord injuries across the globe are driving the market growth of Intraoperative Neuromonitoring (IONM) Market. Asia-Pacific is expected to account for a significant share in the market.
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List of Prominent Players in the Intraoperative Neuromonitoring (IONM) Market:
| Sr. No. | Companies | HEADQUARTERS |
| 1. | Computational Diagnostics Inc. | Pittsburg, U.S. |
| 2. | Inomed Medizintechnik GmbH | mmendingen, Germany |
| 3. | Neuro Alert | White Planis, New york, U.S. |
| 4. | Medtronic PLC | Dublin, Ireland |
| 5. | Natus Medical Incorporated | Orlando, U.S. |
| 6. | Neuro Style | Central Singapore, Singapore |
| 7. | Nihon Kohden Corporation | Shinjuku City, Tokyo, Japan |
| 8. | Nuvasive Inc. | San Diego, California, United States |
| 9. | Specialty Care Inc. | Brentwood, U.S. |
| 10. | Technomed | Maastricht, Netherlands |
Recent Developments in the Industry:
1. On Oct 2021, NuVasive announced the launch of the Cohere® TLIF-O implant and upcoming launch of the Cohere TLIF-A implant planned for later in the fourth quarter. NuVasive is the only company to offer both porous PEEK and porous titanium implants for posterior spine surgery.
2. On July 2018, NuVasive Inc. accepted 510(k) clearance of the Pulse™ surgical automation platform from FDA. This amalgamates multiple intraoperative technologies through an intuitive guided surgical workflow within a single device.
This market titled “Intraoperative Neuromonitoring (IONM) Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Base Year | 2020 |
| Historic Years | 2016 - 2019 |
| Forecast Years | 2021 - 2028 |
| Segments Covered |
|
| Quantitative Data - Units | Revenue in USD Million/Billion |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Industry Dynamics | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
The report on Intraoperative Neuromonitoring (IONM) Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Table of Content –
- Chapter No. 1: Introduction
- Report Scope
- Objectives of the Study
- USP & Key Offerings
- Target Audience
- Vantage Market Research Report Guidance/Walk-through
- Chapter No. 2: Premium Insights
- Market Snapshot
- Top Investment Pockets
- Market Attractiveness Analysis, By Products & Services
- Market Attractiveness Analysis, By Source Type
- Market Attractiveness Analysis, By Application
- Market Attractiveness Analysis, By North America
- Insights from Primary Respondents
- Chapter No. 3: Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter’s Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
- Pricing Analysis
- Patent Analysis
- Value Chain Analysis
- Downstream Buyers
- Distributors/Traders List
- Chapter No. 4: Competitive Landscape
- Competition Matrix – 2020
- Company Market Share Analysis – 2020
- Company Market Share, 2020
- Company Market Revenue, 2017 – 2020 (USD Million)
- Company Y-o-Y Growth, 2018 – 2020 (%)
- Strategic Developments
- Acquisitions & Mergers
- New Product Launch
- New Product Launch
- New Product Launch
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