Intraoperative neurophysiological monitoring is the use of electrophysiological methods such as electromyography (EMG), electroencephalography (EEG) & evoked potentials to monitor the functional integrity of certain neural structures such as: nerves, spinal cord & parts of the brain during surgery. The purpose of IONM is to reduce the risk to the patient of iatrogenic damage to the nervous system & to provide functional guidance to the doctor.
The IONM industry is now experiencing a period of rapid growth. Healthy growth is majorly attributed to factors such as: growing geriatric population, growing neurological complication, growing trauma cases, growing accident, technological advancements, rising number of spinal injuries, cranial procedures, cost effectiveness among others. The intraoperative neurophysiological monitoring techniques are widely adopted in developed countries, but due to non-affordability, low level of awareness, this technology is still in infancy in various developing regions. This could create opportunity for various company to invest in such regions to access the market.
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To be a leading player in IONM market, and to registered dominance in market, IONM witnessed many merger and acquisition in recent past. For example, Biotronic advances was acquired by NuVasive.
The acquisition of Biotronic advances NuVasive’s strategy to transform how spine procedures are approached, measured and valued from a clinical and economic perspective, by: Delivering Clinical Fulfilment: – The acquisition enhances NuVasive’s spine service line partnership offering for health system customers, by supporting clinical fulfillment through enhanced surgical monitoring & oversight capabilities. Doubling NuVasive’s service footprint: – With the acquisition of Biotronic, NuVasive will double the footprint of its service business across the United State & grow coverage & capabilities in key, complementary markets. Creating the standard of care:- NuVasive will be able to further deliver a consistently high standard of care and increase the breadth of differentiated products and services offered to health systems as they seek to build out their spine service line, improving the clinical and economic value of the company’s procedurally-integrated offerings
Global Intraoperative Neurophysiological Monitoring Market – Competitive Analysis
As the market seems to be attractive, growing and profitable, at the same time market has witnessed intense rivalry among existing competitors. Many new entrants expected to enter into Global Intraoperative Neurophysiological Monitoring Market. There are many big players in the IONM market such as: NuVasive, Medtronic, Accurate Monitoring LLC, Argos Neuromonitoring LP, Cadwell Laboratories Inc., Computational Diagnostics Inc., Natus Medical Incorporated, EMOTIV 96, Medsurant Holdings, Inomed Medizintechnik GmbH, IntraNerve, Neuro Alert, Sentient Medical Systems, NeuroMonitoring Technologies, Inc. NeuroSentinel LLC and Procirca, ProPep Surgical
Global Intraoperative Neurophysiological Monitoring Market –Key Players
NuVasive, Medtronic, Accurate Monitoring LLC, Argos Neuromonitoring LP, Cadwell Laboratories Inc., Computational Diagnostics Inc., Natus Medical Incorporated, EMOTIV 96, Medsurant Holdings, Inomed Medizintechnik GmbH, IntraNerve, Neuro Alert, Sentient Medical Systems, NeuroMonitoring Technologies, Inc. NeuroSentinel LLC and Procirca, ProPep Surgical are some of the prominent players at the forefront of competition in the Global Intraoperative Neurophysiological Monitoring Market and are profiled in MRFR Analysis.
Bilirubin Blood Test Market – Regional Analysis
The global IONM market has witnessed a potential growth across the globe, especially in North America & Europe. The U.S has maximum number of hospitals & increasing number of surgeries has made the market fruitful. When we talk about North America, the U.S is one of the biggest markets across the globe. European region will registered strong growth due to large number of surgeries, large number of hospitals, government initiatives are the major growing factors. As the affordability of people increasing day by day and the growing need for better healthcare facilities, could drive market growth in developing region
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