(EMAILWIRE.COM, September 05, 2018 ) The report provides forecast and analysis of the global Nerve Monitoring Device market. It provides market overview of global Nerve Monitoring Device market of in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the Nerve Monitoring Device market and their impact on each country during the forecast period.
Nerve monitoring devices are used by surgeons in an intraoperative manner for the monitoring and identification of any fluctuations in the body during surgery. It has become an integral part in surgical procedures like spine, brain, vascular and orthopedic surgeries. Nerve monitoring devices are mostly used in general surgeries and surgeries of the ear, nose, and throat. Neural function monitoring is crucially invaluable in the effort to avoid damage to nerves in the middle of a surgery. The chances of nerve damage during surgery can be very high for certain types of surgeries, making the use of nerve monitoring devices absolutely necessary.
However some developing countries, where healthcare sector is not much advanced are still using substitutes to nerve monitoring devices. The software used in Nerve Monitoring devices can be subcontracted to the developing countries to offer low cost solutions and help in the growth of this high end nerve monitoring equipment.
The Nerve Monitoring Device market has been witnessing significant growth over the past few years owing to rise in neurodegenerative disorders, increase in geriatric population, and growth in number of traumatic brain injuries. Owing to advancements in our knowledge about the nervous system, increasingly complex neural surgeries can now be achieved with near-absolute safety. In addition, government support and increase in awareness about neurodegenerative disorders are driving the market growth. However, lack of skilled personnel and harsh reimbursement policies are projected to restrain this growth. Escalations in expenditure on healthcare in developing economies and growing awareness for the use of nerve monitoring devices offer new opportunities for the market players.
The -201cGlobal Nerve Monitoring Device Market Analysis and Forecasts to 2025-201d can be segmented into product, technology, and region. Based on the product, the market can be categorized as monitors, electrodes, and ancillary products. Monitors are the largest segment with over 75% share and ancillary products like disposable sponge disks, abrasive gel, alcohol swabs, disposable filter, and electrode creams are estimated to witness substantial growth during the forecast period. Increase usage and repeat procurements are likely to drive segment growth.
The market based on technology can be segmented electroencephalography, electromyography, evoked potential, and Electrocorticography. Companies in the intraoperative neuro monitoring market are concentrating on emerging technologically advanced nerve monitoring systems such as EEG, LTM, IONM, evoked potential, and EMG to offer better diagnosis and treatment to the patients. Numerous government and non-government activities are investing in R&D and are highlighting on developing innovative and enhanced nerve monitoring system. Electroencephalography dominated the technology segment with nearly 65% share and it is anticipated to observer lucrative growth over the forecast timeline due to its wide clinical utility and its ability to unfold brain activity in milliseconds providing higher accuracy. The Electromyography segment is expected to witness rapid growth rate over the forecast period owing to the wide clinical applications in neurological disease and rising prevalence of neuromuscular diseases like muscular dystrophies and muscle rheumatism.
The Nerve Monitoring Device market based on the geography is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for Nerve Monitoring Device in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The Nerve Monitoring Device market report includes market size and analysis for all the above-mentioned regions and countries for type, length, and end user.
The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in global Nerve Monitoring Device market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
Both primary and secondary research has been performed during the study. Secondary sources include Factiva, World Bank, and Hoovers, company annual reports, investor presentations, and publications. The key players included in the global Nerve Monitoring Device market report are AMD Global Telemedicine, Intel Corporation, Johnson & Johnson, Abbott Laboratories, Medtronic Plc., Langer Medical GmbH, Bovie Medical Corporation, and some others.

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