New York, NY, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Nerve Monitoring Systems Market by Product (Nerve Monitors, Nerve Stimulation Electrodes and Probes, and Accessories), by Technology (Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), & Evoked Potential (EP)), by Application (Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, and Others), and by End-user (Hospitals & Surgical Centers, and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2026”. According to the report, global nerve monitoring systems market was valued at approximately USD 1176.5 million in 2017 and is expected to generate revenue of around USD 2208.7 million by end of 2026, growing at a CAGR of around 7.25% between 2018 and 2026.
Nerve monitoring systems are used to supervise nervous system during intraoperative surgeries. As it monitors the neurological functioning, this system has become an important part of surgical procedures such as orthopedic, spine, vascular, and brain surgeries. These devices have significantly reduced the workload of many healthcare providers by closely monitoring patient health and taking quick action against major changes in the readings. Moreover, rapid technological advancements in the healthcare devices segment have also increased market share for nerve monitoring systems globally. Neurophysiologists keep the nerve functioning records through nerve monitoring systems that further aid to avoid fatal conditions during surgical procedures like irreversible nerve damage and others. It has an important share in the surgeries like electrophysiological procedures like electromyography (EMG), electroencephalography (EEG) & evoked potentials by which the functionality of neural structures is monitored.
Browse through 83 Tables & 34 Figures spread over 110 Pages and in-depth TOC on “Global Nerve Monitoring Systems Market: Industry Type, Size, Share, Trends and Forecast 2017 – 2026”.
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The nerve monitoring systems market is segmented based on product category into nerve monitors, nerve stimulation electrodes and probes, and accessories. Among which, the nerve stimulation electrodes and probes contribute for the largest market share owing to the rising awareness about clinical benefits associated with nerve monitoring systems. Moreover, rapid adoption of nerve stimulation electrodes and probes by health practitioners due to ease of use and accessibility will drive the market during the forecast period
Based on technology, the market for nerve monitoring systems is segmented into electromyography (EMG), electroencephalography (EEG), electrocorticography (ECOG), & evoked potential (EP). The electromyography (EMG) market is expected to grow at the highest CAGR owing to high adoption and favorable reimbursement policies in developed nations for EMG-assisted surgical procedures will significantly boost the market growth over the forecast period.
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On the basis of applications, the nerve monitoring systems market is classified into neurosurgery, spine surgery, ENT surgery, cardiovascular applications, and others. The spine surgery segment holds a prominent share in global nerve monitoring systems market owing to the rising number of spine surgeries and preferences for minimally-invasive surgeries will drive the market. Whereas, the ENT surgery segment is anticipated to grow at significant CAGR during the forecast period.
Based on end-user, the nerve monitoring systems market is segmented into hospitals and surgical centers, & ambulatory surgical centers. Hospitals segment is anticipated to grow at a faster rate due to enhanced utilization of nerve monitoring applications in order to deliver affordable and early emergency care to the patients. Moreover, high preference for surgeries carried out in hospitals and an increasing number of complex surgeries will boost the segment growth over the forecast period.
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North America nerve monitoring systems market held the largest market share due to the developed healthcare sector and infrastructure and high acceptance of advanced technologies in medical devices sector which prominently boost the market growth for nerve monitoring systems in this region. Also, favorable economic conditions and improved per capita income of the population has benefited the healthcare system in this region.
Europe is anticipated to gain a significant market share in the forecast period. In Europe, the maximum focus is on the issue of health care quality and efficiency. High geriatric population coupled with the prevalence of chronic diseases such as neurological disorders and increased consumption of larger proportion of health care resources is boosting the growth of the market.
Browse the full "Nerve Monitoring Systems Market by Product (Nerve Monitors, Nerve Stimulation Electrodes and Probes, and Accessories), by Technology (Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), & Evoked Potential (EP)), by Application (Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, and Others), and by End-user (Hospitals & Surgical Centers, and Ambulatory Surgical Centers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2026" report at https://www.zionmarketresearch.com/report/nerve-monitoring-systems-market
Asia Pacific region is anticipated to have the highest CAGR for nerve monitoring systems market. The improving economic conditions of developing economies such as China and India will lift up the market during the forecast period. Increasing neurological surgeries in the region coupled with rising population, improvement in the healthcare facilities, and growing demand for technologically advanced products, have largely impacted the demand for nerve monitoring systems in this region.
The Middle East and Africa and Latin America held the least position in the nerve monitoring systems market in comparison to other regions. Comparatively, this region has lower penetration and improving healthcare infrastructure will give good opportunities for the nerve monitoring systems market manufacturers to invest in these regions.
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Some of the key players in nerve monitoring systems market include as NuVasive, Medtronic Plc, Nihon Kohden, Dr. Langer Medical, Neurovision Medical, Checkpoint Surgical, Nihon Kohden, EMS Handels, Halyard Health, Inomed, Erbe Elektromedizin, and others.
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This report segments the global nerve monitoring systems market as follows:
Global Nerve Monitoring Systems Market: Product Segment Analysis
- Nerve Monitors
- Nerve Stimulation Electrodes and Probes
- Accessories
Global Nerve Monitoring Systems Market: Technology Segment Analysis
- Electromyography (EMG)
- Electroencephalography (EEG)
- Electrocorticography (ECOG)
- Evoked Potential (EP)
Global Nerve Monitoring Systems Market: Application Segment Analysis
- Neurosurgery
- Spine Surgery
- ENT Surgery
- Cardiovascular Applications
- Others
Global Nerve Monitoring Systems Market: End-User Segment Analysis
- Hospitals and Surgical Centers
- Ambulatory Surgical Centers
Global Nerve Monitoring Systems Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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