The global intraoperative neuromonitoring (IONM) market size reached US$ 3.5 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 6.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2023-2032.
An intraoperative neuromonitoring (IONM) system comprises a group of procedures that can detect, monitor, and confirm nerve function and help minimize the odds of neurological problems during or after neurological surgical procedures. It reduces the risks of nerve function being damaged as a result of improper positioning of the patient or any neurophysiologically-relevant nerve structures. An IONM allows surgeons to identify electrophysiologic changes during spine, head or neck surgery, which may be crucial in extending incisions, placing implants, positioning limbs, and performing retraction techniques that can prevent permanent nerve damage. Using targeted neurostimulation, nerve structures can be identified to prevent potential damage, thus allowing surgeons to focus on optimizing interventions while preserving function. Consequently, these systems are extensively used in neuro, ENT, emergency, visceral, cardiothoracic, orthopedic, and vascular surgeries.
2. What is the expected growth rate of the global Intraoperative Neuromonitoring (IONM) market during 2024-2032?
3. What are the key factors driving the global Intraoperative Neuromonitoring (IONM) market?
4. What has been the impact of COVID-19 on the global Intraoperative Neuromonitoring (IONM) market?
5. What is the breakup of the global Intraoperative Neuromonitoring (IONM) market based on the source type?
6. What is the breakup of the global Intraoperative Neuromonitoring (IONM) market based on application?
7. What are the key regions in the global Intraoperative Neuromonitoring (IONM) market?
8. Who are the key players/companies in the global Intraoperative Neuromonitoring (IONM) market?
An intraoperative neuromonitoring (IONM) system comprises a group of procedures that can detect, monitor, and confirm nerve function and help minimize the odds of neurological problems during or after neurological surgical procedures. It reduces the risks of nerve function being damaged as a result of improper positioning of the patient or any neurophysiologically-relevant nerve structures. An IONM allows surgeons to identify electrophysiologic changes during spine, head or neck surgery, which may be crucial in extending incisions, placing implants, positioning limbs, and performing retraction techniques that can prevent permanent nerve damage. Using targeted neurostimulation, nerve structures can be identified to prevent potential damage, thus allowing surgeons to focus on optimizing interventions while preserving function. Consequently, these systems are extensively used in neuro, ENT, emergency, visceral, cardiothoracic, orthopedic, and vascular surgeries.
Intraoperative Neuromonitoring (IONM) Market Trends:
The market is majorly driven by the augmenting focus on patient safety during complex surgical procedures. This can be attributed to a considerable rise in the prevalence of chronic neurovascular disorders, such as epilepsy, stroke, Parkinson's disease and Alzheimer's disease. In addition to this, the escalating demand for minimally invasive and non-invasive surgeries resulting in a higher uptake of advanced intraoperative neuromonitoring devices is propelling the market. Moreover, the growing trend of medical tourism across the globe is also creating lucrative growth opportunities for the market. The market is further driven by the expanding expenditure on advanced healthcare services. Some of the other factors providing an impetus to the market include the paradigm shift towards outsourced monitoring, the increasing geriatric population that is susceptible to developing neurological disorders, favorable government initiatives and reimbursement plans, and extensive research and development (R&D), collaborations, and joint ventures among the key players.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global intraoperative neuromonitoring (IONM) market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product and services, source type, application and end user.Breakup by Product and Services:
- Systems
- Accessories
- Services
Breakup by Source Type:
- Insourced Monitoring
- Outsourced Monitoring
Breakup by Application:
- Spinal Surgery
- Neurosurgery
- Vascular Surgery
- ENT Surgery
- Orthopedic Surgery
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Accurate Monitoring LLC, Computational Diagnostics Inc., inomed Medizintechnik GmbH, Intranerve LLC, Medtronic plc, Natus Medical Incorporated, NeuroMonitoring Technologies Inc., Neurophysiology Services Asia, Nihon Kohden Corporation, NuVasive Inc., Specialtycare Inc. and Technomed.
Key Questions Answered in This Report
1. What was the size of the global Intraoperative Neuromonitoring (IONM) market in 2023?2. What is the expected growth rate of the global Intraoperative Neuromonitoring (IONM) market during 2024-2032?
3. What are the key factors driving the global Intraoperative Neuromonitoring (IONM) market?
4. What has been the impact of COVID-19 on the global Intraoperative Neuromonitoring (IONM) market?
5. What is the breakup of the global Intraoperative Neuromonitoring (IONM) market based on the source type?
6. What is the breakup of the global Intraoperative Neuromonitoring (IONM) market based on application?
7. What are the key regions in the global Intraoperative Neuromonitoring (IONM) market?
8. Who are the key players/companies in the global Intraoperative Neuromonitoring (IONM) market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Intraoperative Neuromonitoring (IONM) Market
6 Market Breakup by Product and Services
7 Market Breakup by Source Type
8 Market Breakup by Application
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Accurate Monitoring LLC
- Computational Diagnostics Inc.
- inomed Medizintechnik GmbH
- Intranerve LLC
- Medtronic plc
- Natus Medical Incorporated
- NeuroMonitoring Technologies Inc.
- Neurophysiology Services Asia
- Nihon Kohden Corporation
- NuVasive Inc.
- Specialtycare Inc
- Technomed
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | March 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 3.5 Billion |
Forecasted Market Value ( USD | $ 6.2 Billion |
Compound Annual Growth Rate | 6.6% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |