The Global Nerve Monitoring System Market report is a far reaching, proficient report conveying statistical surveying information that is applicable for new market contestants or built up players. Key techniques of the organizations working in the business sectors and their effect examination have been incorporated into the report. Moreover, a business outline, income offer, and SWOT analysis of overall Global Nerve Monitoring System Market is accessible in the report. The prime target of this Global Nerve Monitoring System Market report is to enable the client to comprehend the market crucial such as its definition, division, market potential, powerful patterns, and the difficulties that the market is confronting.
The Global Nerve Monitoring System Market is expected to reach USD 1,692.99 million by 2025, from USD 1120.0 million in 2017 growing at a CAGR of 5.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors/Players: Global Nerve Monitoring System Market
Some of the major players operating in the global nerve monitoring system market are Medtronic, NuVasive Inc., Nihon Kohden, Bovie Medical, Natus, Checkpoint Surgical, Magstim, Inomed, ERBE Elektromedizin, Neurovision Medical, Halyard Health, EMS Handels Gesellschaft, Dr. Langer Medical, Xavant Technology, Axon Healthcare, NeuroSign, Deymed Diagnostic, Neurowave Systems, Cadwell Laboratories, Compumedics Limited and Electrical Geodesics Inc. among others.
Global Nerve Monitoring System Market Definition:
This market report defines the market trends and forecast the upcoming opportunities and threats of the nerve monitoring system market in the next 8 years. Nerve monitoring devices monitors the neurological functioning. It has become the vital part on surgical procedures like spine, brain, vascular and orthopedic surgeries. It has essential share in the surgeries such as electrophysiological methods like electroencephalography (EEG), electromyography (EMG) and evoked potentials which monitors the functionality of neural structures. This also helps neurophysiologist to keep the records of the nerve functioning which helps to avoid fatal situations such as irreversible nerve damage during surgical procedures. The market is rising in the global market, for instance, according NCBI, in 2015, 645 patients were underwent cochlear implant (CI) surgery from 1999 to 2014 which were observed by intraoperative facial nerve monitoring. There are several technological advancements such as Medtronic offers NIM-Response 3.0 and NIM-Neuro 3.0 intraoperative nerve integrity monitors which are designed for ENT surgery, MIS or open surgeries. NuVasive Inc., offers NVM5 platform which featured with intraoperative technologies specifically designed for spine surgery which includes the monitoring of spinal cord and nerves and in 2014, NuVasive, Inc. launched NVM5 V2.0, a next generation monitoring platform with computer-assisted surgery applications to enhance both speed and efficiency for spine surgery.
Market Segmentation: Global Nerve Monitoring System Market
Global Nerve Monitoring System Market By Product (Nerve Monitors, Nerve Stimulation Electrodes and Probes, Accessories), By Technology (Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), Evoked Potential (EP)), By Application (Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, Others), By End User, (Hospitals, Surgical Centers, Ambulatory Surgical Centers), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026.
Global Nerve Monitoring System Market Table of Content:
01: Executive Summary
02: Scope of The Report
03: Market Landscape
04: Market Sizing
05: Market Segmentation by Product
06: Five Forces Analysis
07: Customer Landscape
08: Geographic Landscape
09: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
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Competitive Analysis: Global Nerve Monitoring System Market
The global nerve monitoring system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nerve monitoring system market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Technological advancements in the devices
- Government initiatives for early diagnosis
- Increased reimbursement policies for nerve monitoring
- Benefits associated with the nerve monitoring procedures
- Stringent regulations
- Lack of awareness
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