Intraoperative Neuromonitoring Market in the US - Trends, Drivers, and Challenges Through 2022 | Technavio

Technavio has published a new market research report on the global intraoperative neuromonitoring market in the US market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The intraoperative neuromonitoring (IONM) market in the US is expected to grow at a CAGR of close to 10% during the period 2018-2022, according to a new market research study by Technavio.

The report presents a comprehensive research of the intraoperative neuromonitoring market in the US by product (insourced IONM and outsourced IONM), by application (neuro & spine surgeries, cardiovascular surgeries, ENT surgeries, orthopedic surgeries, and other surgeries), by end-user (hospitals, ASCs, and others), and by methodology (electroencephalography (EEG), electromyography (EMG), and EP monitoring).

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Market driver: increasing volume of surgeries

The increasing number of surgeries will drive the adoption rate of IONM. IONM is a valuable technique which provides real-time status of nerves and spinal cord during surgeries. Also, the growing incidence of neurological disorders will further lead to a rise in the volume of surgeries. Hospitals are therefore adopting IONM devices to diagnose the disorders that are critical for the patients effectively. According to a CDC report, on average, trauma injuries accounted for 30% of all injury deaths in the US. The number of critical surgeries across various medical specialties utilizing IONM is expected to increase.

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Market trend: emergence of portable IONM

The increased need for monitoring in outpatient and inpatient surgeries has increased the demand for portable IONM. Fast paced operating rooms and stressful environments need meticulous precision and attention to ensure the best patient outcomes. Therefore, vendors focus on developing portable IONM devices which are associated with many advantages such as easy usability, improved mobility, and continuous monitoring. For instance, in February 2016, Nihon Kohden (a US-based company), launched its Neuromaster MEE-2000A, a highly individualized IONM that enables technicians to respond to the neurophysiological requirements of any patient. The system is smaller and lighter than other systems, which allows for enhanced portability.

According to a senior analyst at Technavio for patient monitoring devices research, “Hospitals are increasingly adopting these portable IONM devices in the US. The growing demand for continuous monitoring in ambulatory care will further drive the adoption rates. Therefore, the development of portable IONM devices will have a positive impact on the growth of the market.”

Market challenge: high cost of surgery

The high cost of IONM devices and services is restraining the growth of the IONM market in the US. The cost of surgery with IONM is very high compared to the cost of surgery without IONM. The cost of surgery with IONM involves expenditure on IONM devices, neuro-technicians, neurophysiologists, and disposable material. All these expenses increase the total cost of surgery.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The intraoperative neuromonitoring market in the US is expected to grow at a CAGR of close to 10% during 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com