Intraoperative neuromonitoring market in the US expected to exceed $1.5 billion by 2020, says Technavio

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Technavio’s market research analysts estimate the IONM market in the US to grow at a CAGR of around 9% between 2016 and 2020. Rise in neurological and cerebrovascular disorders in the region is a propelling factor driving growth of this market. Intraoperative neuromonitoring (IONM) reduces the risk of damage to the central nervous system (CNS) and provides reliable monitoring during surgeries, hence its gaining popularity among surgeons.

The new market research report from Technavio provides a breakdown and analysis of the intraoperative neuromonitoring segments by technology. 

“Of late, the market is witnessing the emergence of remote IONM, an advanced technique that allows surgeons to remotely monitor the postoperative health of individuals. Through this method, the hospitals can observe more than one person at a specific time. Besides, being clinically effective, this technique is cost-effective as well as time-saving. Remote IONM provides surgeons with access to those areas where the availability of surgical centers is low,” says Imran Mushtaq, Lead Analyst, Healthcare & Lifesciences, Technavio Research.

Surgeons are increasingly using IONM owing to the safety it provides during surgeries. IONM systems are used to monitor the CNS and alert the surgeons before an individual reaches the threshold for injury. The IONM devices are safe to use as they involve superficial penetration of needle electrodes, hence minimal risk of infections post-surgery. IONM also helps surgeons avoid common complications such as paraparesis, quadriplegia, and paraplegia that occur during surgeries.

The key vendors in the IONM market in the US include Biotronic NeuroNetwork, Computational Diagnostics, Sentient Medical Systems, SpecialtyCare, Medtronic, Natus Medical and NuVasive. The market is highly fragmented with intense competition among the key players. As the market has many manufacturers, local service providers, and implant companies, it becomes important for the vendors to implement innovative strategies to improve their market positions. The market has more number of service providers than manufacturers of IONM systems.

A more detailed analysis is available in the Technavio report IONM Market in the US 2016-2020.

We can customize reports by other regions and specific segments upon request.

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