Intraoperative Neurophysiological Monitoring Market: Global Industry Analysis and Forecast (2023-2029) by Modality, Methods, Source, Procedure and Region

Global Intraoperative Neurophysiological Monitoring Market size was valued at USD 2869.02 Bn in 2022 and is expected to reach USD 4882.05 Bn by 2029, at a CAGR of 7.89 %.
Overview
Intraoperative Neurophysiological Monitoring (IONM) supports to the assessment of the integrity of consciousness and neural structures during surgical procedures. It includes continuous evaluation of the electrical activity of one or more neural pathways in the desensitized patient. The Intraoperative Neurophysiological Monitoring process is used to diminish neurological morbidity during critical surgery. The report includes historical data, present and future trends, competitive environment of the Intraoperative Neurophysiological Monitoring industry. The market revenue is determined by the primary and secondary data collection methods. For a deeper knowledge of market penetration, competitive structure, pricing and demand analysis are included in the report. The market report focuses on the drivers, challenges and major restraints of the market. The report contains a comprehensive analysis of the global Intraoperative Neurophysiological Monitoring Market trends, forecasts, and monetary values.


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Intraoperative Neurophysiological Monitoring Market Dynamics
Drivers:

Increasing Prevalence of Neurological Disorders and the growing number of Surgeries to fuel the Market

Neurological disorders increase due to the rise in environmental pollution, behind the increase in conditions affects the body’s central nervous system which involves the nerves spinal cord and brain. Congenital abnormalities, Genetic disorders, infections, and lifestyle are the responsible factors for causing neurological disorders. Over the past 25 years, the burden of neurological disorders has been increasing substantially due to the rise in the population and the number of aging people. Up to 1 Bn people, approximately one in six of the population of the world, suffer from neurological disorders from Parkinson’s and Alzheimer’s diseases, multiple sclerosis and epilepsy to brain injuries and migration with some 6.8 Mn has been dying of the maladies per year. With the increasing number of people who suffer from Neurological Disorders, there is increasing demand for Intraoperative Neurophysiological Monitoring to identify intraoperative neural insults which permits early intervention to significantly reduce irreversible damage to the structure of neurology and also prevent the deficit of postoperative neurology.

The increase in car accidents and sports injuries has resulted to cause the orthopedic trauma and orthopedic trauma needs immediate medical attention. With the increase in the geriatric population, there is an increase in the causes such as dislocations, muscle injury broken bones, compression fractures, stress fractures and tendon tears which have been requiring surgical treatment. People are getting more concerned about their healthier life and the increase in their personal disposable income leads to surgeries. As a result, the increasing Prevalence of Neurological Disorders and the growing number of Surgeries fuels the growth of the Intraoperative Neurophysiological Monitoring Market.

Technological Advancements in Intraoperative Neurophysiological Monitoring to Boost the market growth

Intraoperative Neurophysiological Monitoring adopted modern display, stimulation and filtering Modalities. It has been imitated over the last 25 years to achieve the role of an important component of many orthopedic as well as neurosurgical surgeries. The growing use of Intraoperative Neurophysiological Monitoring has been developing the technology and it is used to perform the tests of Neurophysiology. The increasing advancements in computer and electronic technology have resulted in an increase in the quality, capacity and reliability of the equipment. These improvements resulted in advancements in the availability of Intraoperative Neurophysiological Monitoring. Intraoperative Neurophysiological Monitoring has many modalities such as Evoked Potential, Electromyography (EMG) and Electroencephalography (EEG). In these, Electromyography (EMG) Modalitys monitor somatic efferent nerve activity and evaluate the integrity of the individual nerves. Technological Advancements in Intraoperative Neurophysiological Monitoring boost the Intraoperative Neurophysiological Monitoring market share.
Intraoperative Neurophysiological Monitoring Market Restraints
Lack of skilled professionals

The many of staff is not handled the Intraoperative Neurophysiological Monitoring system and does not provide the proper treatment for the patients who suffer from spinal, neurovascular, etc. problems. Thus there has been a requirement for skilled professionals for the provision of the proper and efficient treatment for patients with the help of Intraoperative Neurophysiological Monitoring. Since the lack of the skilled professionals restrain the market growth.
Intraoperative Neurophysiological Monitoring Market Segment Analysis
Based on the Modality

On the basis Modality, the market is categorized into Evoked Potentials, Electroencephalography (EEG) and Electromyography (EMG).In 2022, Evoked Potentials dominated the Intraoperative Neurophysiological Monitoring Market with the largest share 2022 and is expected to maintain its dominance during the forecast period. Evoked Potentials involve somatosensory brainstem auditory evoked potential (BAEP), evoked potential (SSEP), motor evoked potential (MEP), and visual evoked potential (VEP). The somatosensory evoked potential (SSEP) monitors the column-medical lemniscus pathway and mediates the vibration and discrimination. It accesses the integrity of the sensory pathways of the spinal cord and provides a real-time examination of the spinal tracts at risk while surgical manipulation of the spinal cord. Motor evoked potential (MEP) monitors the integrity of the motor pathways during the surgical procedures including the spine, brain and aorta. Brainstem auditory evoked potential (BAEP) has many applications such as it is used for neurodiagnostic testing, intraoperative monitoring, audiometry, and neurophysiological research. As a result, the important functions of these modalities of evoked potentials in Intraoperative Neurophysiological Monitoring drive the market growth.

Based on the procedure

On the basis of the Procedure, the market is segmented into Spinal, Neurovascular, Orthopaedic, Otolaryngology surgery and Urology. In 2022, the Spinal segment held the Intraoperative Neurophysiological Monitoring Market with the largest revenue share. Intraoperative Neurophysiological Monitoring allows intraoperative assessment of the spinal cord function through real-time feedback from motor tracts, sensory tracts and individual nerve roots. The somatosensory sensory evoked potentials (SSEPs), motor-evoked potentials (MEPs) and spontaneous and triggered electromyography (EMG) are the commonly employed Intraoperative Neurophysiological Monitoring Modalities for spinal procedures.
Intraoperative Neurophysiological Monitoring Market Regional Insights
North America dominated the Intraoperative Neurophysiological Monitoring Market in 2022 with the largest market share and is expected to continue its dominance during the forecast period. The regional market is driven by the growing awareness about the benefits of Intraoperative Neurophysiological Monitoring among people, the increasing aging population which suffers from spinal, and orthopedics disorders and technological developments in Intraoperative Neurophysiological Monitoring systems.

Asia Pacific is expected to have a significant CAGR for the Intraoperative Neurophysiological Monitoring Industry. The growing awareness about medical tourism, an increasing number of incidences of traumatic brain injuries, rising geriatric population. The increasing expenditures from private organizations and governments and growing research and development activities are also factors that are responsible for regional market growth.

Intraoperative Neurophysiological Monitoring Market Competitive Landscape

The Competitive Landscape of the Intraoperative Neurophysiological Monitoring market covers the number of key companies, company size, their strengths, weaknesses, barriers and threats. It also focuses on potential, new market entrants, customers, suppliers and substitute services that boost the profitability of Intraoperative Neurophysiological Monitoring companies. The global Intraoperative Neurophysiological Monitoring markets include several market players at the country, regional and global levels. Some of the key companies are Natus Medical Incorporated, Accurate Monitoring, NeuroMonitoring Technologies,Inc., Medtronic, NuVasive, Inc., Sentient Medical Systems,inomed medizintechnik gmbh and others. The Natus NeuroWorks platform provides a simpler process of monitoring and managing data for routine EEG testing. Natus NeuroWorks is a cutting-edge, single solution for EEG, and Research Studies, exhibiting advanced software for clinical excellence.
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Intraoperative Neurophysiological Monitoring Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
USD 2869.02 Bn


Forecast Period 2023 to 2029 CAGR:
7.89 %
Market Size in 2029:
USD 4882.05 Bn


 Segments Covered:
by Modality
• Evoked Potentials
o Somatosensory Evoked Potential (SSEP)
o Motor Evoked Potential (MEP)
o Brainstem Auditory Evoked Potential (BAEP)
o Visual Evoked Potential (VEP)
• Electroencephalography (EEG)
• Carotid endarterectomy
• Cerebral aneurysm clipping
• Epilepsy surgery
• Anesthesia depth Monitor
• Electromyography (EMG)


by Methods
• Invasive
• Non-invasive
• Minimally invasive


by Source
• In-house
• Outsource
• Telehealth


by Procedure
• Spinal
• Neurovascular
• Orthopaedic
• Otolaryngology surgery
• Urology


by End-User
• Hospitals
• Ambulatory surgical centres (ASCs)



Intraoperative Neurophysiological Monitoring Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
• South America (Brazil, Argentina Rest of South America)
• Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)
Intraoperative Neurophysiological Monitoring Key Player
• Natus Medical Incorporated
• Accurate Monitoring
• NeuroMonitoring Technologies,Inc.
• Medtronic
• NuVasive, Inc.
• Sentient Medical Systems,
• inomed medizintechnik gmbh
• Medsurant Holdings
• IntraNerve Neuroscience Holdings
• Moberg Research, Inc.
• propep surgical
• cadwell laboratories inc
• Computational Diagnostics Inc.

Frequently Asked Questions:

1] What is the growth rate of the Global Intraoperative Neurophysiological Monitoring Market?
Ans. The Global Intraoperative Neurophysiological Monitoring Market is growing at a significant rate of 7.89 % during the forecast period.

2] Which region is expected to dominate the Global Intraoperative Neurophysiological Monitoring Market?
Ans. North America is expected to dominate the Intraoperative Neurophysiological Monitoring Market during the forecast period.

3] What is the expected Global Intraoperative Neurophysiological Monitoring Market size by 2029?
Ans. The Intraoperative Neurophysiological Monitoring Market size is expected to reach USD 4882.05 Bn by 2029.

4] Which are the top players in the Global Intraoperative Neurophysiological Monitoring Market?
Ans. The major top players in the Global Intraoperative Neurophysiological Monitoring Market are Natus Medical Incorporated, Accurate Monitoring, NeuroMonitoring Technologies,Inc., Medtronic, NuVasive, Inc., Sentient Medical Systems,inomed medizintechnik gmb and others.

5] What are the factors driving the Global Intraoperative Neurophysiological Monitoring Market growth?
Ans. Increasing Prevalence of Neurological Disorders and the growing number of Surgeries Technological Advancements in Intraoperative Neurophysiological Monitoring are expected to drive market growth during the forecast period.