What Are The Current Growth Rates and Market Size For Global Intraoperative Neuromonitoring Market?
The intraoperative neuromonitoring market size has shown considerable growth in recent years, valued at $3.56 billion in 2024. It is predicted to grow further to $3.8 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. This growth during the historic period can be attributed to factors such as increasing prevalence of neurological disorders, growing awareness among surgeons, expanding applications in various surgeries, and increasing geriatric population, alongside insurance coverage and reimbursement policies.
The intraoperative neuromonitoring market is poised for impressive growth in the foreseeable future. It is projected to reach up to $5.23 billion in 2029 at a CAGR of 8.3%. Key drivers of growth in the forecast period include increasing demand for minimally invasive surgeries, a global surge in surgical procedures, a heightened focus on patient safety, and expanding applications in new medical fields. The involvement of government initiatives and regulations also play a crucial role. Emerging trends in the forecast period include technological advancements, IoT-based devices, product innovations, and strategic collaborations.
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What Are The Key Drivers For The Intraoperative Neuromonitoring Market?
The surge in prevalence of neurovascular disorders has acted as a key driver for the growth of the intraoperative neuromonitoring market. These disorders, like Parkinson’s disease, Alzheimer’s disease, and epilepsy, can significantly benefit from intraoperative neuromonitoring which helps assess the integrity of neural structures during surgical procedures. For instance, it is estimated by the U.S. National Library of Medicine that around 6.2 million Americans aged 65 and older are currently battling Alzheimer’s dementia, and this could escalate to about 13.8 million by 2060. Hence, this rising prevalence of neurovascular disorders will continue to stimulate the intraoperative neuromonitoring market.
What Are The Major Segments Within The Global Intraoperative Neuromonitoring Market?
1) By Products And Services: Systems, Accessories, Services
2) By Modality: Motor Evoked Potentials, Somatosensory Evoked Potentials, Electroencephalography, Electromyography, Brainstem Auditory Evoked Potentials, Visual Evoked Potentials
3) By Application: Spinal Surgery, Neurosurgery, Vascular Surgery, ENT Surgery, Orthopedic Surgery, Other Surgeries
4) By End User: Hospitals, Ambulatory Surgical centers
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Who Are The Major Players In The Intraoperative Neuromonitoring Market?
Prominent companies operating in the intraoperative neuromonitoring market include Medtronic PLC, Natus Medical Incorporated, Cadwell Industries Inc., Siemens Healthineers, Neurosign, Mizuho Medical Co. Ltd., EEG Solutions Inc., Invenia Technical Computing, Cablescope Inc., Blackrock Neurotech, Specialty Surgical Instrumentation, NeuroWave Systems, Intraoperative Monitoring Services LLC, BrainScope Company, Inc., Trident Medical Inc., CortiCare, Soterix Medical, Viking Medical, Neuromonitoring Associates, NeuroVigil, Neurophysiology Associates, NeuroDiagnostic Institute, Biomedical Monitoring Inc., The EPI Group, Advanced Neuromonitoring Technologies, and Amplified NeuroTech.
What Are The Emerging Trends In The Intraoperative Neuromonitoring Market?
Adoption of technologically advanced devices is a significant trend in the intraoperative neuromonitoring market. Companies are focusing on developing new technological solutions to strengthen their market positions. For example, in October 2023, Japan-based Nihon Kohden launched the One View solution, an advanced feature in the Neuromaster G1 intraoperative neuromonitoring system. This feature enables seamless integration between patient’s anesthesia and vital signs along with neurological data within the IONM software. Its customizable pop-up notification system with auditory cues enables swift responses and timely interventions.
What Are The Regional Highlights In The Intraoperative Neuromonitoring Market?
In 2024, North America was the largest regional market for intraoperative neuromonitoring. However, in the forecast period, Asia-Pacific is expected to witness the fastest growth. The intraoperative neuromonitoring market report covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Intraoperative Neuromonitoring Market Report 2025 Offer?
Intraoperative neuromonitoring refers to the collection of techniques used during high-risk neurosurgeries, orthopedic, peripheral nerve, and vascular surgeries to monitor neural circuits. It enables real-time assessment of susceptible brain structures, helping surgeons detect and avoid potential harm. The Intraoperative Neuromonitoring Market research report offers in-depth insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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