DUBLIN, Apr. 13, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Intraoperative Neuromonitoring Market 2017-2021" report to their offering.
The global IONM market to grow at a CAGR of 8.92% during the period 2017-2021.
The report, Global IONM Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
IONM providers are focusing on M&A to expand its geographical presence, product portfolio, and attain economies of scale. Also, the M&As help vendors to focus on product innovations and increase their profit margins by collaborating with each other. The IONM market in the US is witnessing an increase in the number of M&As.
According to the report, increasing focus on technological advances by vendors has led to a surge in adoption of IONM devices. The huge investments by manufacturers such as Medtronic, Computational Diagnostics, Natus Medical, and NuVasive will help to develop innovative and efficient IONM devices.
Further, the report states that the high cost of IONM devices and services is restraining the growth of IONM market. The cost of surgery with IONM is very high compared with the cost of surgery without IONM. The cost of surgery with IONM involves expenditure on IONM devices, neurotechnicians, neurophysiologists, and disposable materials. All these expenses increase the total cost of surgery. As a result, the acceptability of IONM technologies among patients is relatively low, and this could become a challenge for the growth of the market. The length of hospital stay and surgery also hinders the market. Though IONM plays a crucial role in many critical surgeries such as spinal surgeries and cardiovascular surgeries, not all patients can afford it.
- Computational Diagnostics
- Natus Medical
- Sentient Medical Systems
Other prominent vendors
- Accurate Monitoring
- Advanced Medical Resources
- American Intraoperative Monitoring
- Axiom Intraoperative Monitoring
- Bovie Medical
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by source type
PART 07: Market segmentation by methodology
PART 08: Market segmentation by application
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/6pl79p/global
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SOURCE Research and Markets