DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Intraoperative Neuromonitoring Market by Products & Services, Source Type, Application, Modality and End User" report to their offering.
Global Intraoperative Neuromonitoring (IONM) Market was valued at $3,036 million in 2015, and is projected to reach $4,900 million by 2022, growing at a CAGR of 7% from 2016 to 2022, according to a new report
Key findings of the Intraoperative Neuromonitoring Market
- Based on applications, spinal surgery segment accounted for one-third of the total market in 2015. However, orthopedic surgery is the fastest growing application of IONM (which is expected to grow with a CAGR of 7.4% from 2016 to 2022)
- Electromyography (EMG) modality accounted for more than one-fourth of the global market in 2015.
- IONM services segment is expected to grow at a high CAGR of 10.0% during the forecast period, due to an increase in the demand for IONM service providers.
- Hospitals accounted for nearly three-fifths of the total market in 2015.
- Asia-Pacific is expected grow at a high CAGR of 8.2%, owing to the presence of ample growth opportunities in terms of unmet medical needs for IONM services in the region.
- North America accounted for majority of the share (more than two-fifths) in the market in 2015, and is expected to remain dominant throughout the forecast period. This is attributed to the presence of a large number of hospitals, and increase in number of surgeries in the region. In addition, awareness among people for IONM is anticipated to provide new growth opportunities for the key players in this market. In addition, rise in geriatric population, increase in incidence of spinal deformities, spinal stenosis, disc compression, and other chronic disorders drive the IONM market in Europe.
The major companies profiled in the report include
- Medtronic Plc
- Computational Diagnostics
- Natus Medical Incorporated.
- Inomed Medizintechnik Gmbh
- Accuratemonitoring Llc
- Nihon Kohden Corporation
- Day One Medical
For more information about this report visit http://www.researchandmarkets.com/research/c3z8jl/intraoperative