Intraoperative Neuromonitoring Market in the US 2018-2022
About Intraoperative Neuromonitoring
Intraoperative neuromonitoring (IONM) is an integral part of many surgical procedures which helps in preventing neurological damage during surgery and also to identify vital neural structures in operative field and thus, avoid or minimize post-operative complications. It offers real-time feedback to surgeons about the sensitivity of patients toward operative manipulations. The information from monitoring permits the surgeons to change the approach of the operation and thereby minimize the degree of morbidity induced in the patient.
Technavio’s analysts forecast the Intraoperative neuromonitoring market in the US to grow at a CAGR of 9.92% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Intraoperative neuromonitoring market in the US for 2018-2022. To calculate the market size, the report considers the revenue generated from the Intraoperative neuromonitoring.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Intraoperative Neuromonitoring Market in the US 2018-2022
Technavio recognizes the following companies as the key players in the Intraoperative neuromonitoring market in the US: Cadwell, SpecialtyCare, Computational Diagnostics, Medtronic, NuVasive, and Natus Medical
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of portable IONM. The increased need for monitoring in outpatient and inpatient surgeries has increased the demand for portable IONM. Fast paced operating rooms, and stressful environments need meticulous precision and attention to ensure the best patient outcomes. Therefore, vendors focus on developing portable IONM devices which are associated with many advantages such as easy usability, improved mobility, and continuous monitoring.”
According to the report, one of the major drivers for this market is Increasing volume of surgeries. Also, the growing incidence of neurological disorders will further lead to a rise in the volume of surgeries. The hospitals are therefore adopting IONM devices to effectively diagnose the disorders that are critical for the patients.
Further, the report states that one of the major factors hindering the growth of this market is High cost of surgery. IONM is highly used in spine and other surgeries to monitor nervous systems during the surgery. IONM has significantly increased the patient safety without compromising on surgical quality. The use of IONM has increased between 2001 and 2011. It is said that the procedural cost of using IONM has increased significantly over time approximately $5,000 per patient.
Cadwell, SpecialtyCare, Computational Diagnostics, Medtronic, NuVasive, and Natus Medical