Neuromonitoring Device Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: CAS Medical, Compumedics, Philips Healthcare, AMD Telemedicine

The global Neuromonitoring Device market size is expected to grow at US$ 10,850.20 million in 2027 at a compound annual growth rate (CAGR) of 7.68%.

Neuromonitoring Device Market Overview

Neuromonitoring devices are medical tools that can record information on a patient's brain's blood flow, oxygen level, and electrical impulse rate while simultaneously showing the results. In hospitals, clinics, and other settings, these gadgets are frequently used. Numerous types of neuromonitoring devices, including doppler ultrasonography, computed tomography (CT scan), and magnetic resonance imaging, are offered in the market (MRI). The rising prevalence of neurological illnesses such as epilepsy, Alzheimer's disease, Parkinson's disease, and others in the elderly population, as well as the rising rate of hospitalization, are expected to fuel the expansion of the global neuromonitoring devices market during the research period. The increasing need for non-invasive and non-destructive technology as well as the expanding use of neuromonitoring devices in clinics are further factors projected to fuel market expansion. Rising technical breakthroughs in the production of neuromonitoring devices, as well as increased R&D efforts by manufacturing organizations, are some of the factors expected to generate plentiful growth prospects for the worldwide neuromonitoring devices market by 2030. Additionally, it is predicted that major market players' corporate expansion and new product releases would present excellent chances for market growth.

Industry News and Updates

October 30, 2020: Medtronic receives FDA approval for NIM Vital nerve monitoring system --

Medtronic has secured Food and Drug Administration (FDA) 510(k) clearance of the NIM Vital nerve monitoring system, which enables doctors to identify, confirm, and monitor nerve function to help cut down the risk of nerve damage during head and neck surgery.

What are the major Applications, Types and Regions for Neuromonitoring Device Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Non-Invasive


• Invasive

By Application, it is segmented into

• Hospitals


• Neurological Centers and Institutions


• Clinics and Ambulatory Surgical Centers


• Diagnostic Centers


• Others

Neuromonitoring Device Market Regional Analysis

The market for neuromonitoring devices in North America generated $1,996.7 million in revenue in 2021 and is anticipated to reach $3,534.9 million in sales by 2030. The increase is linked to patients' growing demand for better and more modern healthcare facilities. Adoption of cutting-edge technologies could also boost North America's market revenue. In response to the increased demand for neuromonitoring devices and the increasing incidence of neurological illnesses like epilepsy, major market participants have concentrated on releasing new products in the market. In addition, it is projected that the prevalence of neurological illnesses in the North American area will further propel the market. North America will dominate the market in 2021, accounting for around 49.30% of global sales. This dominance is mostly attributable to favourable reimbursement conditions and a surge in the incidence of neurological disorders. The National Institute of Health estimates that 795,000 Americans experience a stroke year, leading to 137,000 fatalities. The Migraine Research Foundation also predicted that by 2020, 35 million Americans would experience migraine headaches. Additionally, it is anticipated that in the nation, 18% of men and 43% of women may experience migraines. Rising rates of neurological conditions like TBI, migraines, and stroke are therefore anticipated to drive market expansion in this nation.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Neuromonitoring Device Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Neuromonitoring Device Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Neuromonitoring Device Market report scope?

Key Takeaways from this Neuromonitoring Device Market Report

• Evaluate Neuromonitoring Device market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Neuromonitoring Device market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Neuromonitoring Device Market?

The Neuromonitoring Device Market is growing at a CAGR of 7.68% over the next 5 years.

Who are the key players in Neuromonitoring Device Market?

CAS Medical, Compumedics, Philips Healthcare, AMD Telemedicine, Johnson & Johnson, InTouch Heath, Siemens Healthcare, GE Healthcare, Nihon Kohden, Medtronic Plc, Nihon Kohden Corporation, Natus Medical Incorporated, Nuvasive, Inc., Advanced Brain Monitoring, Inc., Intranerve Neuroscience Holdings, LLC, Specialtycare, RIMED Ltd.

What are the significant types of Neuromonitoring Device Market?

Non-Invasive, Invasive

What are the major end-use applications of Neuromonitoring Device Market?

Hospitals, Neurological Centers and Institutions, Clinics and Ambulatory Surgical Centers, Diagnostic Centers, Others

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