Orbis Research Present’s Intraoperative Neuromonitoring (IONM) Market in the US the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage
An overview of the intraoperative neuromonitoring market in the US
Orbis Research expects the Intraoperative Neuromonitoring (IONM) Market in the US to grow at a CARG of over 9% during the forecast period.
IONM, which is a combination of surgical medicine and neuroscience, is one of the fastest-growing areas in the US. Many start-up companies started offering neuromonitoring services to surgeons, and hospitals for orthopaedic, neurosurgery, spine and vascular surgeries in the US. Companies such as Medtronic, Natus, and NuVasive provide advanced intraoperative neuromonitoring devices to service providers and hospitals.
IONM systems are used to monitor the central nervous system (CNS) and alert the surgeons before an individual reaches the threshold for injury, hence they play a vital role by emphasizing the safety of the patient. This focus on patient safety is one of the major factors contributing to the growth of the market. These systems also play a crucial role during serious surgeries such as spinal surgeries that involve the insertion of instruments near the nerves or the spinal area and may cause damage to the CNS.
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Segmentation of the intraoperative neuromonitoring market in the US by source type
In 2015, the intraoperative neuromonitoring market was dominated by the insourced IONM segment, accounting for more than 50% of the overall market share. As per Technavio’s market analysis, this segment will continue to lead the market because of its cost-effective feature and consolidation of hospitals with clinics and surgical centers.
Intraoperative neuromonitoring market segmentation in the US by application
IONM technology helps monitor neurosurgeries such as spine surgeries, brachial plexus or peripheral nerve exploration, brain surgeries, discectomies, craniotomies, facial nerve surgeries, cortical brain mappings, and extracranial-intracranial (EC-IC) bypass procedures. Nearly 61% of service providers offer IONM services for neurosurgeries.
Competitive landscape and key vendors
The intraoperative neuromonitoring market in the US has many large- and medium-sized manufacturers and service providers. The market consists of a number of service providers compared to vendors manufacturing intraoperative monitoring systems. However, since the market is dominated by manufacturers, local service providers, and implant companies need to implement an innovative method to boost their market share.
The top vendors in the market are –
Sentient Medical Systems
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The other prominent vendors in this market include Accurate Monitoring, Advanced Medical Resources, American Intraoperative Monitoring, Axiom Intraoperative Monitoring, Bovie Medical, Bromedicon, Cadwell, Checkpoint Surgical, Emotiv, Inomed, IntraNerve, Medsurant Monitoring, Neurological Monitoring Associates, NeuroMonitoring Technologies, NeuroSentinel, Neurostatus, Nihon Kohden, ORIMtec, PRN Read, ProPep Surgical, Spine-Tek Neuromonitoring, and Zynex.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the intraoperative neuromonitoring market in the US?
What are the key market trends impacting the growth of the intraoperative neuromonitoring market in the US?
What are the challenges to market growth?
Who are the key vendors in the intraoperative neuromonitoring market in the US?
What are the market opportunities and threats faced by the vendors in the intraoperative neuromonitoring market in the US?
What are the key outcomes of the five forces analysis of the intraoperative neuromonitoring market in the US?
Biotronic NeuroNetwork, Computational Diagnostics, Medtronic, Natus Medical, NuVasive, Sentient Medical Systems, SpecialtyCare, Accurate Monitoring, Advanced Medical Resources, American Intraoperative Monitoring, Axiom Intraoperative Monitoring, Bovie Medical, Bromedicon, Cadwell, Checkpoint Surgical, Emotiv, Inomed, IntraNerve, Medsurant Monitoring, Neurological Monitoring Associates, NeuroMonitoring Technologies, NeuroSentinel, Neurostatus, Nihon Kohden, ORIMtec, PRN Read, ProPep Surgical, Spine-Tek Neuromonitoring, Zynex.
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