29 Aug 2019 - Global Nerve
Monitoring Devices Market is
expected to grow at a significant CAGR in the upcoming period as the scope and
its applications are rising enormously across the globe. Nerve monitoring
devices are the instruments that are used by neurophysiologist to monitor the
neurological functioning. It helps to evade irreversible nerve injury during
surgical procedures.
The
factors that are playing a major role in the growth of nerve monitoring devices
industry are the growing occurrence of neurological diseases like epilepsy, the
growing geriatric population, and the continuous enhancement in medical
technology. However, the lack of skilled professionals and the unstable
reimbursement policy may restrain the overall market growth in the years to
come. Nerve monitoring device market is segmented based on product type,
technology, application, end-user, and region.
Electrodes,
monitors, and cables, lead wires, & adapters are the product types that
could be explored in nerve monitoring devices industry in the forecast period.
The electrodes sector comprise disposable and reusable surface electrodes.
Monitors sector accounted for the substantial market share of nerve monitoring
devices and is estimated to lead the overall market in the years to come. the
reason could be the high demand from end-users.
Based
on the technology, electrocorticography (ECoG), electroencephalogram (EEG),
electromyography (EMG), and evoked potential could classify nerve-monitoring
devices market in the forecast period. The evoked potential sector comprises
visual evoked potentials (VEP), somatosensory evoked potentials (SSEP),
brainstem auditory evoked potentials (BAEP), and transcranial electrical motor
evoked potentials (TCeMEP).
The
market may be categorized based on applications like cardiovascular,
neurosurgery, ENT surgery, spine surgery, and others that could be explored in
the forecast period. The neurosurgery sector accounted for the substantial
share of nerve monitoring devices market and is estimated to lead the overall
market in the years to come. The reason could be the growing number of patients
suffering from neurological disorders.
Based
on end-user, ambulatory surgical centers, hospitals, and others could classify
nerve monitoring devices in the forecast period. The hospital sector accounted
for the significant share of nerve monitoring devices industry in this region.
The reason could be the rising number of surgical and diagnostic procedures
carried out in hospitals.
Globally,
North America accounted for the significant share of nerve monitoring device
market and is estimated to lead the overall market in the years to come. The
reason behind the overall market growth could the presence of developed
healthcare infrastructure, growing number of surgical procedures, the rising
healthcare expenditure, and the availability of favorable reimbursement policy.
The United States is a major consumer of nerve monitoring devices in this
region.
Europe
and the Asia Pacific are also estimated to have a positive influence on future
growth. Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The developing countries like India and China are the major consumers
of nerve monitoring devices in this region. The reason could be the availability
of several opportunities, the developing healthcare infrastructure, and the
increasing government initiative.
The
key players of nerve monitoring device industry are Electrical Geodesics Inc.,
Medtronic Plc., Compumedics Limited, NuVasive, Inc., Cadwell Laboratories,
Nihon Kohden, Neurowave Systems, Natus Medical Inc., Neurosign Surgical, and
Langer Medical GmbH. These players are concentrating on inorganic growth to
sustain themselves amidst fierce competition.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (M USD), market
share and growth rate of Nerve Monitoring Devices in these regions, from 2012
to 2023 (forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Nerve Monitoring Devices market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Medtronic Plc.
•
NuVasive, Inc.
•
Nihon Kohden
•
Natus Medical Inc.
•
Dr. Langer Medical GmbH
•
Neurosign Surgical
•
Neurowave Systems
•
Cadwell Laboratories
•
Compumedics Limited
•
Electrical Geodesics Inc.
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