Global Intraoperative Neuromonitoring (IONM) Market: Overview
On account of the increasing care toward patient safety, the demand for intraoperative neuromonitoring has continued to rise at a steady pace. The burden of healthcare costs on patients and their desire to avoid readmission have upped the adoption of intraoperative neuromonitoring around the world. Intraoperative neurophysiological monitoring (IONM) uses electrophysiological techniques such as electromyography (EMG), electroencephalography (EEG), and evoked potentials to effectively monitor the integrity of neural structures such as spinal cords, nerves, and certain parts of brain. IONM is mostly conducted to provide functional guidance to surgeons besides reducing risk to patients suffering from iatrogenic damage.
Global Intraoperative Neuromonitoring (IONM) Market: Key Trends
As per findings of the World Health Organization (WHO), nearly 80% of disorders leading to disabling conditions are neurological. Intraoperative monitoring has thus become imperative in neurosurgery as it offers early warning with regards to sensory & motor functions during a surgery. It has therefore enabled surgeons yield better results by eliminating post-operative neurophysiological deficits. Safer surgery consequently results in reduced risk and intervention time. On account of these benefits the demand for intraoperative neuromonitoring has surged exponentially across the healthcare sector.
Request Sample Copy of the Report@
This, coupled with, favorable reimbursement scenario especially in developed nations is augmenting market prospects for the future. Also the market players are focusing on strategic collaborations to expand their footprint and offer innovations. These calculated steps witnessed in the global intraoperative neuromonitoring market will act in favor of its growth in the coming years.
Global Intraoperative Neuromonitoring (IONM) Market: Market Potential
Recently, SpecialtyCare renowned as a leading provider of surgical services, perfusion, and intraoperative neuromonitoring acquired Sentient, a prominent IONM provider in October 2016. With this transaction SpecialtyCare was able expand their leadership as one of the most comprehensive providers of patient-centered outsourced IONM services to hospitals, surgeons, health systems, and surgery centers.
Following the acquisition, SpecialtyCare has increased the overall number of intraoperative neuromonitoring associates to support cases in the U.S., which is also its existing market, besides expanding coverage across the Atlantic States. Such mergers and acquisitions will have a positive impact on the market in letting it expand its distribution network across markets yet to be explored. Leading players in the global intraoperative neuromonitoring market are also looking to extend strategic collaboration with counterparts across emerging nations to expand their overall footprint.
Request TOC of the Report @
Global Intraoperative Neuromonitoring (IONM) Market: Regional Outlook
Regionally, opportunities witnessed by the intraoperative neuromonitoring market in North America are highly lucrative. Besides this, considerable growth potential exists for the market in Europe as well. Considering improving reimbursement scenario across North America and Europe, these regions are expected to remain at the global market’s fore also in the coming years. Besides this, a majority of developed countries have clearly defined procedure and codes for patients and insurance companies, which have made reimbursement processes easier and more convenient. Such well-defined guidelines has resulted in better outcome, thus benefiting hospitals and patients alike and accelerating the pace of gains for intraoperative neuromonitoring market in turn.
A large number of neurological centers in the U.S. are recommending the use of intraoperative neuromonitoring in order to bridge the manpower gap and cater to the rising demand. Hospitals are encouraging physicians besides the doctorate-level IONM providers to get trained and certified from institutions such as the American Board of Nuclear Medicine. With the healthcare system making an effort to encourage the use of IONM, its demand is expected to surge further in the coming years. In addition, the market is expected to witness rising opportunities in Asia Pacific in the near future.
Global Intraoperative Neuromonitoring (IONM) Market: Competitive Landscape
Some of the most prominent enterprises operating in the global intraoperative neuromonitoring market are Biotronic NeuroNetwork, Natus Medical Incorporated, SpecialtyCare, NeuroMonitoring Technologies, LLC, Accurate Monitoring, Medtronic, Sentient Medical Systems, and NuVasive Inc.
Read Comprehensive Overview of Report@
The study presents reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Forces defining present and estimated future state of the competitive landscape
Value chain and stakeholder analysis
The regional analysis covers:
Middle East and Africa
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
A detailed analysis of key segments of the market
Recent developments in the market’s competitive landscape
Detailed analysis of market segments up to second or third level of segmentation
Historical, current, and projected future valuation of the market in terms of revenue and/or volume
Key business strategies adopted by influential market vendors
Outline of the regulatory framework surrounding and governing numerous aspects of the market
Growth opportunities in emerging and established markets
Recommendations to market players to stay ahead of the competition
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121