Global Intraoperative Neuromonitoring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Intraoperative Neuromonitoring market:
The latest research study on the global Intraoperative Neuromonitoring market finds that the global Intraoperative Neuromonitoring market reached a value of USD 477.64 million in 2022. It’s expected that the market will achieve USD 661.46 million by 2028, exhibiting a CAGR of 5.58% during the forecast period.

Intraoperative Nerve Monitoring (IONM) protects the patient by continuously monitoring the central nervous system (brain, spinal cord, and nerves) when in danger during surgery. Depending on the program, various tests can be used to measure nervous system function. The trained clinicians of the sensory testing system continuously monitor the test information under the supervision of qualified professionals. If there are any changes or potential problems, clinicians can immediately alert surgeons and nurses.

Influence of COVID-19 Outbreak on Intraoperative Neuromonitoring Industry Development
With the global outbreak of COVID-19, the most obvious thing for the intraoperative neuromonitoring industry is the postponement of operations in various regions of the world. According to relevant research, during the epidemic period, it may include more than 28 million cancelled or postponed operations, causing a backlog that will take most of the year to clean up. If the lockdown lasts longer, this number may be worse. And, research shows that most cancellations are for benign diseases. Globally, 81.7% of benign surgeries, 37.7% of cancer surgeries, and 25.4% of elective caesarean sections will be cancelled or postponed.
At present, all countries have adopted very strict measures to control the epidemic. With the gradual improvement of the epidemic situation, various operations have gradually recovered. If the normal operation volume increases by 20% after the epidemic, it will take about 45 weeks to clear the backlog of operations. This will increase the demand for intraoperative nerve monitoring to a certain extent.

Market Driver Analysis
In recent years, science and technology have been greatly developed. With the increase in research activities in the field of neuromonitoring, market participants are developing advanced products to maintain market competitiveness, and the advantages of advanced product systems, easy-to-use accessories, and artificial intelligence (AI) The integration of technology and neuromonitoring will promote the growth of the intraoperative neuromonitoring market.
With the increase in spine diseases around the world and the increase in the use of intraoperative nerve testing in orthopedic surgery, the number of spine surgery appointments has surged. In addition, the increase in the number of hospitals and the increase in outsourced monitoring in hospitals have also promoted the growth of the hospital sector. For example, in the United States, the popularity of spinal surgery continues to increase, and the spinal surgery department is the largest revenue contributor to the US IONM market.
Intraoperative nerve monitoring is an important technique that allows the surgeon to focus on optimizing the intervention without causing any damage to the nerve structure. This is like equipping the operation with "insurance", which increases the chance of successful operation, and patients are more willing to go for an insurance operation and choose a hospital with intraoperative nerve testing. Therefore, the hospital's potential risk management for surgery is expected to promote the growth of the intraoperative neuromonitoring market.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
Medtronic is one of the major players operating in the Intraoperative Neuromonitoring market, holding a share of 31.31% in 2021.

Medtronic plc is one of the world's largest medical technology companies, mainly providing life-long treatment programs for patients with chronic diseases.

Natus Medical Incorporated offers medical equipment, software, supplies and services for the diagnosis, monitoring and treatment of impairments and disorders affecting newborns, the brain, nerves, muscles, balance, mobility and hearing. Natus products are used in hospitals, clinics and laboratories worldwide.

Segmentation Overview:
Among different product types, Systems segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Spinal Surgery segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Intraoperative Neuromonitoring market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Intraoperative Neuromonitoring market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Intraoperative Neuromonitoring and its sub-markets in an intuitive way.

Key Companies in the global Intraoperative Neuromonitoring market covered in Chapter 3:
Ambu
Rhythmlink International
Neurosoft
Nihon Kohden Corporation
Medtronic
Cadwell Industries
Ad-Tech Medical
Computational Diagnostics
PMT Corporation
inomed Medizintechnik GmbH
Digitimer
Natus Medical Incorporated

In Chapter 4 and Chapter 14.2, on the basis of types, the Intraoperative Neuromonitoring market from 2018 to 2029 is primarily split into:
Systems
Accessories
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Intraoperative Neuromonitoring market from 2018 to 2029 covers:
Spinal Surgery
Neurosurgery
Vascular Surgery
ENT Surgery
Orthopedic Surgery
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Intraoperative Neuromonitoring market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029