Increase in incidence of chronic diseases, rise in geriatric population, and surge in focus on risk management during complex surgeries are the major factors that drive the growth of the market. The IONM market in California accounted for the largest share in 2017.
The U.S. intraoperative neuromonitoring market generated $1.41 billion in 2017 and is estimated to reach $1.93 billion by 2022, at a CAGR of 6.5% from 2018 to 2022.
Rise in incidence of chronic diseases, increase in geriatric population, and surge in focus on risk management during complex surgeries are the major factors that drive the growth of the market. However, increase in expenses related to insourced monitoring would impede the market growth. On contrary, rise applicability of IONM in various types of surgeries would provide lucrative opportunities to the market.
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The insourced monitoring segment accounted for more than half of the total market share in 2017. The segment is expected to maintain its dominance throughout the forecast period. On the other hand, the outsourced monitoring segment would register the fastest CAGR of 10.3% from 2018 to 2022.
The IONM system segment contributed the lion’s share in 2017, accounting for nearly half of the total market revenue. The segment is expected to maintain its dominance throughout the study period. On the other hand, the IONM service segment is estimated to register the highest CAGR of 9.3% from 2018 to 2022.
The electromyography (EMG) segment garnered highest share in 2017, contributing for more than one-fourth of the total market share in terms of revenue. The segment would rule and roost throughout the study period. However, the brainstem auditory evoked potentials (BAEPs) segment would grow at the highest CAGR of 7.9% from 2018 to 2022.
The spinal surgery application segment has accounted for more than one-fourth of the total market share in 2017. The segment would dominate the market by 2022. On the other hand, orthopedic surgery segment is expected to register the highest CAGR of 8.8% during the forecast period.
Hospitals segment held a highest market share in 2017, contributing more than half of the total share in terms of revenue. The segment would maintain its dominance throughout the forecasting period. On contrary, the ambulatory surgery centers (ASCs) segment would register the highest CAGR of 7.0% from 2018 to 2022.
The IONM market in California accounted for the largest share in 2017, accounting for nearly one-tenth of the total market revenue. The region would dominate the market throughout the study period. However, Washington IONM market would register the highest CAGR of 9.8% from 2018 to 2022.
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Scope Of The Report
| Report Attribute | Details |
| Market size available for years | 2018-2022 |
| Base year considered | 2018 |
| Forecast period | 2018-2022 |
| Forecast units | Value (USD) |
| Segments covered | By Product & Service, By Source Type, By Application, By End User |
The report analyzes several major industry players:
- Intranerve, LLC.
- Accurate Monitoring, LLC.
- Medtronic Plc
- Inomed Medizintechnik GmbH
- Nuvasive, Inc.
- Nihon Kohden Corporation
- Computational Diagnostics, Inc.
- Natus Medical Incorporated
- Moberg Research, Inc. (DAYONE MEDICAL, LLC.)
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