Global Nerve Monitoring System Market By Product (Nerve Monitor, Nerve Stimulation Electrodes & Probes, Accessories), Technology (EMG, EEG, ECOG, EP), Application (Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, Others), Usage Type (Diagnosis, Treatment, Research), End User (Hospitals, Surgical Centers, Ambulatory Surgical Centers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Nerve Monitoring System Market
Nerve monitoring system market is expected to gain market growth at a rate of 5.10% in the forecast period of 2020 to 2027, with the market expected to reach a valuation of USD 1.86 billion by 2027. This growth is expected to be caused by the improvements of regulatory and reimbursement scenarios for the nerve monitoring systems, products and accessories.
Nerve monitoring system is the category of medical devices designed to provide physicians, surgeons and other healthcare staff with the information for patients and their nerve functioning for the target patient. These monitoring systems enable a higher reduction in chances of patients suffering from nerve damage as it constantly provides information on whether the patient is at risk for nerve damage or not.
Nerve monitoring system market is being driven by the increasing volume of the target population base, along with increased awareness amongst this population for the clinical benefits of nerve monitoring solutions. Although, there are a number of benefits associated with nerve monitoring system there are few factors restricting the market’s growth one of which is the lack of awareness amongst the various healthcare professionals of developing regions regarding the benefits of nerve monitoring.
This market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief our team will help you create a revenue impact solution to achieve your desired goal.
Global Nerve Monitoring System Market Scope and Market Size
Nerve monitoring system market is segmented on the basis of product, technology, application, usage type and end user. Each individual segment’s growth is analysed and these insights are subsequently considered before providing you with the market overview which can help you in understanding and identification of your core applications in the broad market.
Based on product, the nerve monitoring system market consists of nerve monitor, nerve stimulation electrodes & probes and accessories.
On the basis of technology, the nerve monitoring system market has been categorized as electromyography (EMG), electroencephalography (EEG), electrocorticography (ECOG) and evoked potential (EP). EP has been further sub-segmented into somatosensory evoked potentials (SSEP), transcranial electrical motor evoked potentials (TCeMEP), brainstem auditory evoked potentials (BAEP) and visual evoked potentials (VEP).
Nerve monitoring system on the basis of application has been categorized into neurosurgery, spine surgery, ear, nose & throat (ENT) surgery, cardiovascular applications and others.
Based on usage type, the market has been segmented into diagnosis, treatment and research.
Nerve monitoring system market has also been segmented on the basis of end user into hospitals, surgical centers and ambulatory surgical centers.
Nerve Monitoring System Market Country Level Analysis
Global nerve monitoring system market is analysed and market size information is provided by country, product, technology, application, usage type and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East & Africa, Brazil, Argentina and Rest of South America as part of South America.
North America will dominate the nerve monitoring system market, caused by an increase in the volume of products being approved by the U.S. FDA capable of providing nerve monitoring in different applications. Flexibility and favourable regulatory scenarios of the region are resulting in better product innovations and advancements resulting in greater growth potential in the forecasted period of 2020 to 2027.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Nerve monitoring system market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nerve monitoring system market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nerve monitoring system market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Nerve Monitoring System Market Share Analysis
Nerve monitoring system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to nerve monitoring system market.
The major players covered in the report are Medtronic, NuVasive, Inc., NIHON KOHDEN CORPORATION, Symmetry Surgical, Natus Medical Incorporated, Checkpoint Surgical, The Magstim Company Limited, inomed Medizintechnik GmbH, Neurovision Medical Products, Erbe Elektromedizin GmbH, EMS Handels Gesellschaft mbH, Xavant Technology (Pty) Ltd, Axon Healthcare System, DEYMED Diagnostic s.r.o., NeuroWave Systems Inc., Compumedics Limited, Cadwell Industries, Inc., ProPep Surgical among other players domestic and global. Market Share data is available for Global, North America, Europe, Asia-Pacific, Middle East & Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In September 2019, Checkpoint Surgical announced that they had received “Breakthrough Device” designation by the U.S. FDA for their “Checkpoint brief electrostimulation therapy (BEST) system”. The system provides electrical stimulation of peripheral nerves for the promotion of nerve regeneration as opposed to surgical intervention which can help improve the patient recovery time.
Customization Available : Global Nerve Monitoring System Market
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