London, 25 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Intraoperative Neuromonitoring (IONM) Market in the US 2015-2019, which is expected to post a CAGR of 8.19 percent during the forecast period of 2014-2019.
IONM involves the use of electrophysiological procedures including electromyography, electroencephalography, and evoked potential to monitor the functionality of neural structures such as nerves and the spinal cord during surgery. IONM provides guidance to the surgeon and the anesthesiologist and reduces the risk of damage to the nervous system of the patient during surgery.
IONM is gaining in popularity among surgeons as it significantly reduces the risk of damage to the nervous system during operations. IONM provides highly efficient and reliable monitoring during surgical procedures. The developed healthcare infrastructure in the US and increase in healthcare expenditure are expected to propel the growth of the market.
“The outsourcing of IONM services, including IONM devices and technicians, is usually a strategic move to gain a competitive edge in business,” says Faisal Ghaus, Vice President of TechNavio.
“Service providers provide critical services on an urgent basis, such as the services of neurotechnologists and neurophysiologists, apart from providing IONM devices for surgeries, which helps in minimizing risks and optimizing outcomes.”
Key Market Drivers
- Need for IONM Devices in Surgery
- Increased Incidence of Neurological Disorders
- Advances in Technology
- Growing Awareness of IONM
Key Market Trends
- Increased M&A
- Increased Outsourcing Services
- Increased Popularity of MIS with IONM
- Emergence of Remote IONM
Key Market Vendors
- Biotronic NeuroNetwork
- Computational Diagnostics Inc.
- Medtronic Inc.
- Natus Medical Inc.
- Neuro Alert
- NuVasive Inc.
- Sentient Medical Systems
- SpecialtyCare
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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