Nerve Monitoring System Market, By Product (Nerve Monitor, Electrodes, Probes, Accessories), By Technology (Electroencephalogram (EEG), Electromyography (EMG), Electrocorticography (ECOG), Evoked Potential (EP)), By Application (Neurosurgery, ENT Surgery, Spine Surgery, Cardiovascular Surgery), By End User (Hospitals, Ambulatory Surgical Centers, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
The global nerve monitoring system market is witnessing a significant growth due to the increasing prevalence of neurological disorders and the rising number of surgeries involving nerve injuries across the globe. Nerve monitoring systems help in detecting injury during complex surgical procedures such as neurovascular surgery, orthopedic surgery, ENT surgery, and others by sending electrical stimulation to the nerves and tracking resulting muscle activity. Furthermore, technological advancements in nerve monitoring systems, coupled with improved reimbursement scenarios are further propelling the market growth. However, high costs of intraoperative nerve monitors and dearth of skilled professionals hinders the market growth to some extent.
Market Dynamics:
The global nerve monitoring system market is expected to witness robust growth during 2023-2030. This growth can be attributed to factors such as rising incidence of neurological disorders, increasing number of surgical procedures involving nerve injuries, growing geriatric population susceptible to neurological illnesses. However, high costs of intraoperative nerve monitors are expected to hinder market growth. Nonetheless, ongoing technological advancements by key players are likely to offer lucrative opportunities. For instance, Medtronic introduced the NIM ECLIPSE nerve monitoring system with an enhanced user interface for improved nerve monitoring. Similarly, Checkpoint Surgical's Nerve Integrity Monitor offers advantages such as portability and ease of use.
Key Features of the Study:
This report provides an in-depth analysis of the global nerve monitoring system market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global nerve monitoring system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this includes Medtronic, Natus Medical, Inomed, NIHON KOHDEN CORPORATION, Checkpoint Surgical Inc., Magstim, Bovie Medical, Halyard Health, Neurovision Medical, NuVasive, Inc., Stimwave Technologies, Neuspera Medical, Langer Medical GmbH, Neurosign , Cadwell Laboratories, Compumedics Limited, Electrical Geodesics Inc
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global nerve monitoring system market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nerve monitoring system market
Detailed Segmentation-
By Product:
Nerve Monitor
Electrodes
Probes
Accessories
By Technology:
Electroencephalogram (EEG)
Electromyography (EMG)
Electrocorticography (ECOG)
Evoked Potential (EP)
By Application:
Neurosurgery
ENT Surgery
Spine Surgery
Cardiovascular Surgery
By End User:
Hospitals
Ambulatory Surgical Centers
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles:
Medtronic
Natus Medical
Inomed
NIHON KOHDEN CORPORATION
Checkpoint Surgical Inc.
Magstim
Bovie Medical
Halyard Health
Neurovision Medical
NuVasive, Inc.
Stimwave Technologies
Neuspera Medical
Langer Medical GmbH
Neurosign
Cadwell Laboratories
Compumedics Limited
Electrical Geodesics Inc
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Product
Market Snapshot, By Technology
Market Snapshot, By Application
Market Snapshot, By End User
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter’s Analysis
4. Global Nerve Monitoring System Market - Impact of Coronavirus (COVID-19) Pandemic
Overall Impact
Government Initiatives
COVID-19 Impact on the Market
5. Global Nerve Monitoring System Market, By Product, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 – 2031
Segment Trends
Nerve Monitor
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Electrodes
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Probes
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Accessories
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
6. Global Nerve Monitoring System Market, By Technology, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 – 2031
Segment Trends
Electroencephalogram (EEG)
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Electromyography (EMG)
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Electrocorticography (ECOG)
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Evoked Potential (EP)
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
7. Global Nerve Monitoring System Market, By Application, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 – 2031
Segment Trends
Neurosurgery
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
ENT Surgery
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Spine Surgery
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Cardiovascular Surgery
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
8. Global Nerve Monitoring System Market, By End User, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2020 – 2031
Segment Trends
Hospitals
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Ambulatory Surgical Centers
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
9. Global Nerve Monitoring System Market, By Region, 2019 – 2031, (USD Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020–2031
Regional Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (USD Bn)
North Africa
Central Africa
South Africa
10. Competitive Landscape
Company Profiles
Medtronic*
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Natus Medical
Inomed
NIHON KOHDEN CORPORATION
Checkpoint Surgical Inc.
Magstim
Bovie Medical
Halyard Health
Neurovision Medical
NuVasive, Inc.
Stimwave Technologies
Neuspera Medical
Langer Medical GmbH
Neurosign
Cadwell Laboratories
Compumedics Limited
Electrical Geodesics Inc
11. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
12. References and Research Methodology
References
Research Methodology
About us and Sales Contact
*Browse 32 market data tables and 28 figures on "Nerve Monitoring System Market” - Global forecast to 2031