How large is the nerve monitoring systems market, and what is its growth trajectory?
The nerve monitoring systems market size has grown strongly in recent years. It will grow from $1.37 billion in 2024 to $1.46 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to advancements in surgical techniques, growing emphasis on patient safety, rise in minimally invasive surgeries, improvements in monitoring technology, and increasing demand for precision medicine.
The nerve monitoring systems market size is expected to see strong growth in the next few years. It will grow to $1.87 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising incidence of chronic diseases requiring complex surgeries, expanding elderly population with higher surgical needs, increased awareness of nerve injury risks, growing demand for real-time monitoring during surgery, and expansion of healthcare infrastructure. Major trends in the forecast period include integration of artificial intelligence and machine learning, development of wearable and portable nerve monitoring devices, advancements in wireless and remote monitoring technologies, focus on personalized medicine with customized nerve monitoring solutions, and adoption of integrated surgical platforms.
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Which industry factors have accelerated the nerve monitoring systems market’s expansion?
The rising burden of neurological diseases is expected to propel the growth of the nerve monitoring system market going forward. Neurological diseases are disorders that affect the brain, spinal cord, and nerves, leading to impaired movement, cognition, sensation, or autonomic function. The increase in neurological diseases is attributed to an aging population, longer life expectancy, and heightened exposure to risk factors such as environmental toxins, lifestyle changes, and stress. Nerve monitoring systems are required for neurological diseases to prevent nerve damage during surgery, ensuring the preservation of nerve function and minimizing postoperative complications. For instance, in September 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, the number of individuals living with dementia in Australia is projected to more than double, increasing from approximately 411,100 in 2023 to 849,300 by 2058. This includes an estimated 315,500 men and 533,800 women who are expected to be affected.Therefore, the rise in neurological diseases is driving the growth of the nerve monitoring system market.
What are the primary segments of the nerve monitoring systems market?
The nerve monitoring systems market covered in this report is segmented –
1) By Product: Nerve Monitor, Electrodes, Probes, Accessories
2) By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), Evoked Potential (EP)
3) By Application: Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Nerve Monitor: Standard Nerve Monitors, Advanced Nerve Monitors
2) By Electrodes: Disposable Electrodes, Reusable Electrodes, Surface Electrodes, Needle Electrodes
3) By Probes: Single-Use Probes, Reusable Probes, Catheter Probes, Nerve Stimulator Probes
4) By Accessories: Cables, Connectors, Amplifiers, Software And Interface Modules
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Which firms are leading the nerve monitoring systems market?
Major companies operating in the nerve monitoring systems market are Medtronic Plc, Nihon Kohden Corporation, SpecialityCare Inc., NuVasive Inc., Halyard Health, Natus Medical Inc., Brainlab AG, Biotronic NeuroNetwork LLC, Cadwell Industries Inc., Bovie Medical, Magstim, Inomed Inc., Neuspera Medical Inc., Rhythmlink International LLC, Stimwave LLC, EMS Handels GmbH, Checkpoint Surgical Inc., Rochester Electro-Medical Inc., Sentient Healthcare Inc., Erbe Elektromedizin GmbH, NeuroWave Systems Inc., Langer Medical GmbH, Neurovision Medical Products Inc., ProPep Surgical LLC, SafeOp Surgical Inc.
Which market trends are set to define the future of the nerve monitoring systems market?
Major companies in the nerve monitoring system market are focused on developing technologically advanced products, such as supersonic technology-integrated neuromonitoring devices, to offer high-resolution, real-time imaging of nerve structures, enhancing accuracy and safety during surgeries. Supersonic technology-integrated neuromonitoring devices use advanced ultrasonic imaging techniques to provide real-time, high-resolution monitoring of nerve structures and functions during surgical procedures. For instance, in December 2022, WISE, an Italy-based medical device company, announced the US Food and Drug Administration (FDA) approval for its WISE Cortical Strip (WCS) for Intraoperative Neurophysiological Monitoring (IONM). The WCS neuromonitoring device is intended for use during surgeries in conjunction with other medical equipment to record, monitor, and stimulate electrical signals from the brain’s surface. Unlike traditional cortical electrodes made from rigid metal discs, WCS incorporates stretchable platinum contacts embedded in a soft, thin silicone film, allowing it to conform seamlessly to the brain’s surface. These electrodes are produced with stretchable electronic circuits integrated into very thin elastomeric foils using supersonic technology.
Which geographic trends are shaping the nerve monitoring systems market, and which region has the highest market share?
North America was the largest region in the nerve monitoring systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nerve monitoring systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Nerve Monitoring Systems Market Report 2025 Offer?
The nerve monitoring systems market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A nerve monitoring system is a medical device used to continuously monitor and assess the function of nerves during surgical procedures. It helps surgeons avoid damaging critical nerves by providing real-time feedback on nerve activity and function. The system typically involves electrodes or sensors placed near or on the nerves, and it may include a display or alarm system to alert the surgical team if there is a risk of nerve injury.
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