Feb 08, 2019 (AB Digital via COMTEX) -- Market Research Future (MRFR) has announced a new release on the Global Intraoperative Neurophysiological Monitoring Market.
This helps the surgeons keep a check on the health of neural pathways, cutting the risk of unintended damage.
However, it has quickly become widely adopted in the healthcare sector, particularly in developing countries, due to the benefits it presents in terms of reducing the risk of unintended complications in surgeries.
The rising demand for surgical procedures involving the spine or the cranial structures is likely to be a major driver for the global intraoperative neurophysiological monitoring market over the forecast period.
Intraoperative Neurophysiological Monitoring Market - Key Players
The major participants of this market are Accurate Monitoring LLC, Argos NeuroMonitoring LP, Cadwell Laboratories Inc., Computational Diagnostics Inc., Emotiv, Inomed Medizintechnik GmbH, IntraNerve, Medtronic, Medsurant Holdings LLC, Natus Medical Incorporated, Neuro Alert, Neuromonitoring Technologies Inc., NeuroSentinel LLC, NuVasive, Procirca, Propep Surgical, SpecialtyCare and Sentient Medical Systems.
Market OverviewThe global intraoperative neurophysiological monitoring market size is touted to expand at an 8.9% CAGR from 2016 to 2027 (forecast period), according to a report by Market Research Future (MRFR).
Factors such as technological advances in medical equipment, cost-effectiveness, and rise in numbers of spinal and cranial procedures are expected to boost market growth over the forecast period.
Investments by reputed players in developing economies can create awareness and open up expansion opportunities.
Increasing focus on patient safety and demand for inexpensive healthcare packages are anticipated to evoke market demand over the forecast period.Geographical AnalysisThe North America region is estimated to lead the IONM market with a significant market share.
Factors driving the market growth include the well-proliferated healthcare sector that is witnessing the growing number of advanced treatment facilities due to the growing demand for better healthcare infrastructure and increasing healthcare expenditures.
The Asia Pacific market for IONM is emerging as a lucrative market with the rising number of patients suffering from spinal disorders and the ever-increasing population that is inclined towards the sedentary lifestyle.
Research Nester released a report titled “Patient Care Monitoring Device Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global patient care monitoring device market in terms of market segmentation by products, end-users, and by region.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.The global patient care monitoring device market is projected to grow with a CAGR of 5.5% during the forecast period, i.e., 2022-2030 on account of the increasing adoption of remote patient monitoring devices on the back of rising technological advancements.
The growing investments which are being provided by various market players are also expected to improve the product portfolio, which in turn is estimated to drive market growth in the coming years.The market is segmented by products into blood glucose monitoring devices, cardiac monitoring devices, respiratory monitoring devices, fetal & neonatal monitoring devices, neuro-monitoring devices, multi-parameter monitoring devices and other monitoring devices.
Among these segments, the cardiac monitoring device segment is anticipated to hold the largest share by the end of the forecast period as a result of the increasing number of cardiovascular diseases cases globally.Request Sample For More Information@ https://www.researchnester.com/sample-request-3279On the basis of region, the global patient care monitoring device market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in in North America is anticipated to acquire the largest share, which can be attributed to the strong presence of global manufacturers of patient care monitoring devices in the region.Increasing Cardiovascular Disorder Cases and Growing Adoption of Technologically Advanced Products to Drive Market GrowthThe growing prevalence of cardiovascular diseases is giving rise to the development of advanced patient monitoring devices which offers a variety of recording methods.
Some are continually recording every heartbeat for up to 30 days and provide arterial fibrillation burden assessment, others help in monitoring the average glucose level and compare it with the standard values.
These advancements in medical technologies is predicted to boost market growth in the near future.However, high cost associated with patient care monitoring devices is expected to limit the growth of the market over the forecast period.This report also provides the existing competitive scenario of some of the key players of the global patient care monitoring device market, which includes company profiling of General Electric Company, Abbott Laboratories, Medtronic Plc, Masimo Corporation, OMRON Corporation, Boston Scientific Corporation, BioTelemetry, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Koninklijke Philips N.V., and others.
On the whole, the report depicts a detailed overview of the global patient care monitoring device market that will help industry consultants, equipment manufacturers, and existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.Grab PDF Sample For More Information@ https://www.researchnester.com/sample-request-3279About UsResearch Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties.
