Intraoperative Neuromonitoring Market in US to grow by 10.13% from 2021 to 2026 | Accurate Neuromonitoring LLC, Cadwell Industries Inc., Computational Diagnostics Inc., and more to emerge as key players - Technavio

NEW YORK, July 18, 2023 /PRNewswire/ -- The intraoperative neuromonitoring market size in the US is expected to increase by USD 1.15 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.13%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - Accurate Neuromonitoring LLC, Cadwell Industries Inc., Computational Diagnostics Inc., IntraNerve Neuroscience Holdings LLC, Medtronic Plc, Natus Medical Inc., NeuroMonitoring Technologies Inc, Nihon Kohden Corp., Nuvasive Inc., and SpecialtyCare Download the sample report

Intraoperative Neuromonitoring Market in US Insights -

• Vendors: 15+, Including Accurate Neuromonitoring LLC, Cadwell Industries Inc., Computational Diagnostics Inc., IntraNerve Neuroscience Holdings LLC, Medtronic Plc, Natus Medical Inc., NeuroMonitoring Technologies Inc, Nihon Kohden Corp., Nuvasive Inc., and SpecialtyCare, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: type (insourced IONM and outsourced IONM) and application (orthopedic and neuro surgeries, cardiovascular surgeries, ENT surgeries, and other surgeries)

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Key Drivers- The increasing number of surgeries that require IONM is a key factor driving market growth. The most common disabling conditions for a large proportion of the population in the US are Spinal and musculoskeletal disorders. The changes in electrophysiologic during spine surgery can be easily identified at an early stage with the help of IONM. As a result, it helps surgeons perform surgical interventions which include the extension of incisions, the placement of implants, limb positioning, and retraction techniques. Early detection is essential to prevent permanent injuries or damage to the nerves. Furthermore, postoperative neurologic complications occur in 15,000 out of every 100,000 cardiopulmonary bypass graft (CABG) surgical cases in the US. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends- The rising adoption of remote IONM is a major trend in the market. The market is projected to benefit from the introduction of remote IONM as a result of the growing demand for ongoing neuromonitoring during challenging surgeries. The use of remote IONM, a cutting-edge procedure that allows surgeons to remotely monitor patients' postoperative health, makes it easier for patients to reach hospitals. It is a timesaving, cost-effective, and therapeutically beneficial approach. Additionally, the US will adopt remote monitoring more widely due to the lack of licensed neurophysiologists. Hospitals in rural areas collaborate with physicians in other hospitals for remote monitoring. Hence, the rising adoption of remote IONM is expected to drive the growth of the market during the forecast period.

Significant Challenges- The high cost of IONM devices and procedures will be a significant challenge restricting the market growth. End-user adoption of IONM technologies is being constrained by their high cost. In addition to the purchase price of the device, end users must pay for maintenance and additional expenses for instruments and accessories. As these devices offer significant cost savings compared to new equipment, many end users prefer refurbished IONM devices due to financial restrictions. Additionally, several businesses, including Alternative Source Medical, offer refurbished IONM devices, which reduces the sales of new devices from major suppliers who invest a lot of money in R&D to create cutting-edge IONM devices. Hence, the high cost of devices is expected to restrict the market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The intraoperative neuromonitoring market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Intraoperative Neuromonitoring Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the intraoperative neuromonitoring market in the US between 2022 and 2026
• Precise estimation of the size of the intraoperative neuromonitoring market in the US size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the intraoperative neuromonitoring market in the US industry
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the intraoperative neuromonitoring market in the US vendors

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Table of Contents

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Healthcare Equipment

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 05: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021 - 2026 
• Exhibit 06: US - Market size and forecast 2021 - 2026 ($ million)
• Exhibit 07: US market: Year-over-year growth 2021 - 2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2021 & 2026

• 4.2 Bargaining power of buyers 
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers 
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants 
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes 
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2021

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 15: Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 16: Comparison by Application

• 5.3 Orthopedic and neurosurgeries - Market size and forecast 2021-2026 
• Exhibit 17: Orthopedic and neurosurgeries - Market size and forecast 2021-2026 ($ million)
• Exhibit 18: Orthopedic and neurosurgeries - Year-over-year growth 2021-2026 (%)

• 5.4 Cardiovascular surgeries - Market size and forecast 2021-2026 
• Exhibit 19: Cardiovascular surgeries - Market size and forecast 2021-2026 ($ million)
• Exhibit 20: Cardiovascular surgeries - Year-over-year growth 2021-2026 (%)

• 5.5 ENT surgeries - Market size and forecast 2021-2026 
• Exhibit 21: ENT surgeries - Market size and forecast 2021-2026 ($ million)
• Exhibit 22: ENT surgeries - Year-over-year growth 2021-2026 (%)

• 5.6 Other surgeries - Market size and forecast 2021-2026 
• Exhibit 23: Other surgeries - Market size and forecast 2021-2026 ($ million)
• Exhibit 24: Other surgeries - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Application 
• Exhibit 25: Market opportunity by Application

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 26: Type - Market share 2021-2026 (%)

• 6.2 Comparison by Type
• Exhibit 27: Comparison by Type

• 6.3 Insourced IONM - Market size and forecast 2021-2026 
• Exhibit 28: Insourced IONM - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Insourced IONM - Year-over-year growth 2021-2026 (%)

• 6.4 Outsourced IONM - Market size and forecast 2021-2026 
• Exhibit 30: Outsourced IONM - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Outsourced IONM - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Type 
• Exhibit 32: Market opportunity by Type

7 Customer landscape

• 7.1 Customer landscape
• Exhibit 33: Customer landscape

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• Exhibit 34: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Vendor landscape
• Exhibit 35: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 36: Landscape disruption
• Exhibit 37: Industry risks

• 9.3 Competitive scenario

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 38: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 39: Market positioning of vendors

• 10.3 Accurate Neuromonitoring LLC 
• Exhibit 40: Accurate Neuromonitoring LLC - Overview
• Exhibit 41: Accurate Neuromonitoring LLC - Product and service
• Exhibit 42: Accurate Neuromonitoring LLC - Key offerings

• 10.4 Cadwell Industries Inc. 
• Exhibit 43: Cadwell Industries Inc. - Overview
• Exhibit 44: Cadwell Industries Inc. - Product and service
• Exhibit 45: Cadwell Industries Inc. - Key offerings

• 10.5 Computational Diagnostics Inc. 
• Exhibit 46: Computational Diagnostics Inc. - Overview
• Exhibit 47: Computational Diagnostics Inc. - Product and service
• Exhibit 48: Computational Diagnostics Inc. - Key offerings

• 10.6 IntraNerve Neuroscience Holdings LLC 
• Exhibit 49: IntraNerve Neuroscience Holdings LLC - Overview
• Exhibit 50: IntraNerve Neuroscience Holdings LLC - Product and service
• Exhibit 51: IntraNerve Neuroscience Holdings LLC - Key offerings

• 10.7 Medtronic Plc
• Exhibit 52: Medtronic Plc - Overview
• Exhibit 53: Medtronic Plc - Business segments
• Exhibit 54: Medtronic Plc - Key offerings
• Exhibit 55: Medtronic Plc - Segment focus

• 10.8 Natus Medical Inc.

• 10.9 NeuroMonitoring Technologies Inc 
• Exhibit 59: NeuroMonitoring Technologies Inc - Overview
• Exhibit 60: NeuroMonitoring Technologies Inc - Product and service
• Exhibit 61: NeuroMonitoring Technologies Inc - Key offerings

• 10.10 Nihon Kohden Corp.
• Exhibit 62: Nihon Kohden Corp. - Overview
• Exhibit 63: Nihon Kohden Corp. - Product and service
• Exhibit 64: Nihon Kohden Corp. - Key offerings

• 10.11 Nuvasive Inc.
• Exhibit 65: Nuvasive Inc. - Overview
• Exhibit 66: Nuvasive Inc. - Business segments
• Exhibit 67: Nuvasive Inc. - Key offerings
• Exhibit 68: Nuvasive Inc. - Segment focus

• 10.12 SpecialtyCare
• Exhibit 69: SpecialtyCare - Overview
• Exhibit 70: SpecialtyCare - Product and service
• Exhibit 71: SpecialtyCare - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$ 
• Exhibit 72: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 73: Research Methodology
• Exhibit 74: Validation techniques employed for market sizing
• Exhibit 75: Information sources

• 11.4 List of abbreviations
• Exhibit 76: List of abbreviations

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