Intraoperative monitoring (IOM) or intraoperative neuromonitoring is a technique that reduces the risk of neurological deficits during and after surgeries involving the nervous system. An IOM system uses recordings of potentials (such as EEG, EMG, and evoked potentials) from the nervous system during a surgical procedure. The use of neuromonitoring is important during surgeries as it helps detect injuries before they become so severe that they cause post-operative complications in the patients. Therefore, IOM reduces the risk of debilitating deficits such as muscle weakness, paralysis, hearing loss, and other normal body functions.
MARKET SCOPE
The "Global Intraoperative Monitoring Solutions Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Intraoperative monitoring solutions market with detailed market segmentation by product type, source type, application, end use, and geography. The report provides key statistics on the market status of the leading Intraoperative monitoring solutions market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global Intraoperative monitoring solutions market is segmented into electroencephalography, electrmyography, evokedpotentials, others.
- On the basis of source type, the market is segmented into insourced monitoring, outsourced monitoring.
- On the basis of application, the market is segmented into spine surgery, neurosurgery, cardiothoracic surgery, interventional neuroradiology, general orthopedic surgery, otolaryngology, others.
- On the basis of end use, the market is segmented into hospitals, ambulatory surgical centers.
MARKET DYNAMICS
Drivers:
- Rise in the incidences of chronic diseases.
- Rise in the demand for strengthening ASW capabilities.
- Technological advancements.
- Rise in geriatric population.
Restraints:
- The lack of skilled professionals is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Intraoperative monitoring solutions market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
BThe report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Intraoperative monitoring solutions market in these regions.
IMPACT OF COVID-19 ON INTRAOPERATIVE MONITORING SOLUTIONS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Intraoperative monitoring solutions market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Intraoperative monitoring solutions market are anticipated to lucrative growth opportunities in the future with the rising demand for Intraoperative monitoring solutions in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Intraoperative monitoring solutions market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Natus Medical Incorporated
- Inomed Medizintechnik GmbH
- SpecilatyCare
- Medsurant Health
- Neuro Alert
- Procirca
- Sentient Medical
- Medtronic plc.
- NuVasive, Inc.
- Computational Diagnostics, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.