San Francisco, California, March 14, 2018 – According to the World Health Organization (WHO), neurological disorders cause nearly 80 percent of disability conditions, which in turn has made intraoperative monitoring a highly important aspect of neurosurgery, offering early signs and motor functions during a surgical process. A recent business intelligence study by TMR Research has projected the demand in the global intraoperative neuromonitoring (IONM) market to expand at a notable CAGR during the forecast period of 2017 to 2025. The report, titled “Intraoperative Neuromonitoring (IONM) Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025,” is a comprehensive analysis of all primary factors such as drivers, restraints, and trends that will determine the demand in the near future, showcases the lucrativeness of various segments and regions, and profiles a number of major players of this market for their business overview, geographical presence, and recent strategic decisions.
As per the findings of the report, the prosperity of the IONM market can be attributed to increased emphasis on patient safety during complex surgeries. In addition to that, healthcare costs go significantly up when the patients are required to readmit into the hospitals post the surgeries, which in turn provokes a demand for efficient intraoperative neuromonitoring.
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Based on type, the global intraoperative neuromonitoring market can be segmented into outsource IONM and insource IONM. The latter currently dominates in terms of demand, which is a result of rising number of surgeries and the need for monitoring of various vital signs.
Accurate Monitoring, NuVasive Inc, Natus Medical Incorporated, Biotronic NeuroNetwork, LLC, NeuroMonitoring Technologies, Medtronic, Sentient Medical Systems, and SpecialtyCare are a few prominent companies currently ahead of the curve in the global intraoperative neuromonitoring market. Most of these companies frequently indulge into merger and acquisition activities to maintain their position of strength.