Intraoperative Neuromonitoring Market by Type and Geography - Forecast and Analysis 2022-2026

The intraoperative neuromonitoring market share is expected to increase to USD 1.57 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.03%.

The report extensively covers intraoperative neuromonitoring market segmentations by the following:

• Type - Insourced IONM and outsourced IONM
• Geography - North America, Europe, Asia, and Rest of World (ROW)) 

The intraoperative neuromonitoring market report offers information on several market vendors, including Accurate Neuromonitoring LLC, Bromedicon Inc., Cadwell Industries Inc., checkpointsurgical.com, Comprehensive Care Services, Computational Diagnostics Inc., EMOTIV Inc., inomed Medizintechnik GmbH, IntraNerve Neuroscience Holdings LLC, Medsurant Health, Medtronic Plc, Natus Medical Inc., Neuro Alert, NeuroStyle Pte Ltd., Nihon Kohden Corp., Nuvasive Inc., Orimtec, SpecialtyCare, and Technomed among others.

This intraoperative neuromonitoring market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Intraoperative Neuromonitoring Market Size be During the Forecast Period?

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Intraoperative Neuromonitoring Market: Key Drivers, Trends, and Challenges

The growing volume of surgeries is notably driving the intraoperative neuromonitoring market growth, although factors such as the high cost of devices and services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the intraoperative neuromonitoring industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Intraoperative Neuromonitoring Market Driver

• The growing volume of surgeries is one of the key drivers supporting the intraoperative neuromonitoring market growth.
• According to the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the US have a chronic disease.
• The CDC states that there was about 61,000 traumatic brain injury (TBI)-related deaths in the US in 2019. The number of critical surgeries across various medical specialties where IONM is used is expected to rise.
• The market in the US will witness significant growth in procedural volumes in several types of surgeries that regularly use IONM. This surge in the volume of surgeries will be further supported by an expansion in the number of people with healthcare insurance. Thus, the increase in the volume of surgeries will directly increase the demand for and adoption of IONM, thereby driving the growth of the market.

Key Intraoperative Neuromonitoring Market Trend

• The emergence of portable IONM is one of the key intraoperative neuromonitoring market trends that is contributing to the market growth. 
• IONM provides high-quality monitoring during complex spine and brain surgeries.
• Vendors in the market are offering compact, mobile, and uniquely designed portable IONM systems. They address the requirement of fast-paced operating rooms.
• For instance, Natus Medical offers Nicolet Endeavor IOM Systems, a compact, mobile system that possesses multimodality capabilities and provides superior IONM capabilities. The unique small-sized designs of components and few cables reduce the setup time and space requirement for the IONM system. 
• Hospitals are increasingly adopting portable IONM globally. Further, the growing demand for continuous monitoring in ambulatory care will further drive the adoption rates. Therefore, the development of portable IONM will have a positive impact on the market during the forecast period.

Key Intraoperative Neuromonitoring Market Challenge

• The high cost of devices and services is one of the factors hindering the intraoperative neuromonitoring market growth. 
• The procedural cost of using IONM has increased to approximately $5,000 per patient.
• Even for low-risk surgical procedures, IONM significantly adds to the cost of the procedure, regardless of the surgical outcomes. T
• The use of IONM during surgeries depends on the patient and the surgeon.
• The cost of surgery with IONM involves expenditure on IONM, neuro technicians, neurophysiologists, and disposables. All these expenses increase the total cost of surgery. Hence, the adoption of IONM by patients is relatively low, thereby posing a challenge to the growth of the market, especially in price-sensitive emerging countries. 

This intraoperative neuromonitoring market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global intraoperative neuromonitoring market (IONM) as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the intraoperative neuromonitoring market during the forecast period.

Who are the Major Intraoperative Neuromonitoring Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Accurate Neuromonitoring LLC
• Bromedicon Inc.
• Cadwell Industries Inc.
• checkpointsurgical.com
• Comprehensive Care Services
• Computational Diagnostics Inc.
• EMOTIV Inc.
• inomed Medizintechnik GmbH
• IntraNerve Neuroscience Holdings LLC
• Medsurant Health
• Medtronic Plc
• Natus Medical Inc.
• Neuro Alert
• NeuroStyle Pte Ltd.
• Nihon Kohden Corp.
• Nuvasive Inc.
• Orimtec
• SpecialtyCare
• Technomed

 

This statistical study of the intraoperative neuromonitoring market encompasses successful business strategies deployed by the key vendors. The intraoperative neuromonitoring market is fragmented and the vendors are deploying growth strategies such as product offerings, technological innovations, expanding their sales and distribution networks, and geographic expansions to compete in the market.

Product Insights and News

• Accurate Neuromonitoring LLC - Through the unified segment, the company provides intraoperative neuromonitoring for a wide variety of neurosurgical, orthopedic, vascular, and ent procedures in addition to other surgeries where neurological structures are at risk. 
• Accurate Neuromonitoring LLC - The company offers intraoperative neuromonitoring that protects patients by continuously monitoring the central nervous system during surgery. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The intraoperative neuromonitoring market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Intraoperative Neuromonitoring Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the intraoperative neuromonitoring market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Intraoperative Neuromonitoring Market?

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66% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the intraoperative neuromonitoring market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The high prevalence of neurological and neuromuscular disorders will facilitate the intraoperative neuromonitoring market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 severely impacted the economy of North America in 2020. However, the initiation of large-scale COVID-19 vaccination drives by the government in Q4 2020 put back the regional economy on track and also led to a significant reduction in the number of COVID-19 patients. This, in turn, led to the lifting of cross-border restrictions and the resumption of elective surgical procedures and surgeries in hospitals and other healthcare facilities, which will spur the demand for IONM during the forecast period.

What are the Revenue-generating Type Segments in the Intraoperative Neuromonitoring Market?

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The intraoperative neuromonitoring market share growth by the insourced IONM segment will be significant during the forecast period. Insourced monitoring is expected to dominate the global IONM market in the coming years owing to an increase in the number of surgery cases and the demand for consistent monitoring while performing surgeries. Moreover, the rise in the number of medical procedures, the need for the management of potential hazards, advances in technology, and a rise in the adoption of intraoperative neuromonitoring by emergency departments in hospitals are the major factors driving the growth of the intraoperative neuromonitoring market globally.

This report provides an accurate prediction of the contribution of all the segments to the growth of the intraoperative neuromonitoring market size and actionable market insights on post COVID-19 impact on each segment.

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US Intraoperative Neuromonitoring market - The market share is expected to increase by USD 1.15 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.13%.

Intraoperative Neuromonitoring Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.03%
Market growth 2022-2026	$ 1.57 billion
Market structure	Fragmented
YoY growth (%)	8.23
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 66%
Key consumer countries	US, Canada, Germany, UK, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Accurate Neuromonitoring LLC, Bromedicon Inc., Cadwell Industries Inc., checkpointsurgical.com, Comprehensive Care Services, Computational Diagnostics Inc., EMOTIV Inc., inomed Medizintechnik GmbH, IntraNerve Neuroscience Holdings LLC, Medsurant Health, Medtronic Plc, Natus Medical Inc., Neuro Alert, NeuroStyle Pte Ltd., Nihon Kohden Corp., Nuvasive Inc., Orimtec, SpecialtyCare, and Technomed
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Intraoperative Neuromonitoring Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive intraoperative neuromonitoring market growth during the next five years
• Precise estimation of the intraoperative neuromonitoring market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the intraoperative neuromonitoring industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of intraoperative neuromonitoring market vendors

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