PORTLAND, Oregon, October 15, 2018 /PRNewswire/ --
Increase in prevalence of chronic diseases, rise in geriatric population, and improved risk management during complex surgeries would drive the growth of the the U.S. intraoperative neuromonitoring market.
Allied Market Research published a report, titled, U.S. Intraoperative Neuromonitoring Market by Source Type (Insourced Monitoring and Outsourced Monitoring), Product & Service (System, Accessory, and Service), Application (Spinal Surgery, Neurosurgery, Vascular Surgery, ENT Surgery, Orthopedic Surgery, and Other Surgeries), Modality (Motor Evoked Potential [MEP], Somatosensory Evoked Potential [SSEP], Electroencephalography [EEG], Electromyography [EMG], Brainstem Auditory Evoked Potential [BAEP], and Visual Evoked Potential [VEP]), and End User (Hospital and Ambulatory Surgical Center) - Opportunity Analysis and Industry Forecast, 2014-2022. The report offers extensive analyses of the top investment pockets, drivers & opportunities, key strategic developments, competitive landscape, and market player positioning. As per the report, the U.S. intraoperative neuromonitoring market generated $1.41 billion in 2017 and is expected to reach $1.93 billion by 2022, registering a CAGR of 6.5% from 2018 to 2022.
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High incidence of chronic diseases, surge in geriatric population, and increased focus on risk management during complex surgeries drive the growth of the market. However, rise in expenses related to insourced monitoring would hinder the market growth. On the other hand, increasing applicability of IONM in various types of surgeries would create new opportunities for the market in future.
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Insourced monitoring segment to dominate, outsourced monitoring segment to grow the fastest by 2022
The insourced monitoring segment contributed more than half of the total market share in 2017, due to lower dependency on third-party service providers for carrying out IONM. The segment would maintain its lead position throughout the forecast period. The outsourced monitoring segment would register the highest CAGR of 10.3% from 2018 to 2022, owing to associated benefits including lower cost, ease of availability, and improved convenience.
IONM system segment to lead throughout the forecast period
The IONM system segment garnered the highest share in 2017, accounting for nearly half of the total market revenue. This is due to the high cost of IONM devices and instruments used in surgical procedures. However, the IONM service segment would register the fastest CAGR of 9.3% from 2018 to 2022, owing to their high adoption during complex surgeries, increase in charges of service providers, and rise in demand for technologically advanced products. The accessory segment is expected to grow at a steady rate during the forecast period.
EMG segment to dominate in terms of revenue
The electromyography (EMG) segment garnered lion's share in 2017, accounting for more than one-fourth of the total market revenue. It is due to the ability of EMG to accurately determine the potential damage of neurological conditions as compared to other modalities. The brainstem auditory evoked potentials (BAEPs) segment would grow at the highest CAGR of 7.9% from 2018 to 2022, owing to rise in adoption for monitoring auditory structures. The report also analyzes motor evoked potentials (MEPs), somatosensory evoked potentials (SSEPs), and visual evoked potentials (VEPs) segments.
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Spinal surgery: The highest revenue generating segment
Rise in prevalence of spinal conditions and increase in adoption of IONM have enabled the spinal surgery application segment to contribute for more than one-fourth of the total market share in 2017. However, orthopedic surgery segment would register the highest CAGR of 8.8% during the forecast period, owing to rise in adoption of IONM during orthopedic surgeries. The report also analyzes neurosurgery, vascular surgery, ENT surgery, and other applications.
Hospitals segment to hold major share by 2022
Hospitals segment held a major share in 2017, contributing more than half of the total market, owing to rise in the number of surgeries and increase in outsourced monitoring. This segment is expected to remain dominant throughout the forecast period. However, the ambulatory surgery centers (ASCs) segment would register the highest CAGR of 7.0% from 2018 to 2022, owing to rise in the number of ambulatory surgical centers (ASCs) across the country.
Country-wise analysis: California to contribute the largest revenue by 2022
The IONM market in California accounted for the highest share in 2017, contributing nearly one-tenth of the total market revenue. This is due to the upsurge in the number of neurosurgery & orthopedic surgeries, high population base, easy availability of trained professionals, and well-developed healthcare infrastructure. However, Washington IONM market would register the highest CAGR of 9.8% from 2018 to 2022, owing to significant rise in healthcare spending, developing healthcare infrastructure, and rise in the number of complex surgeries.
Leading industry players
The report analyzes several major industry players including Accurate Monitoring, LLC., Intranerve, LLC., Computational Diagnostics, Inc., Medtronic Plc, Inomed Medizintechnik GmbH, Natus Medical Incorporated, Moberg Research, Inc. (DAYONE MEDICAL, LLC.), Nuvasive, Inc., Nihon Kohden Corporation, and Specialtycare. These players have adopted different strategies such as new product launches, joint ventures, expansions, collaborations, mergers & acquisitions, and others to achieve gain a strong foothold in the industry.
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Similar Reports:
Medical Electrodes Market - Global Opportunity Analysis and Industry Forecast, 2016 - 2022
Intraoperative Neuromonitoring Market - Global Opportunity Analysis and Industry Forecast, 2016 - 2022
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected]
Web: https://www.alliedmarketresearch.com
SOURCE Allied Market Research
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Increase in prevalence of chronic diseases, rise in geriatric population, and improved risk management during complex surgeries would drive the growth of the the U.S. intraoperative neuromonitoring market.
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Allied Market Research published a report, titled, U.S. Intraoperative Neuromonitoring Market by Source Type (Insourced Monitoring and Outsourced Monitoring), Product & Service (System, Accessory, and Service), Application (Spinal Surgery, Neurosurgery, Vascular Surgery, ENT Surgery, Orthopedic Surgery, and Other Surgeries), Modality (Motor Evoked Potential [MEP], Somatosensory Evoked Potential [SSEP], Electroencephalography [EEG], Electromyography [EMG], Brainstem Auditory Evoked Potential [BAEP], and Visual Evoked Potential [VEP]), and End User (Hospital and Ambulatory Surgical Center) - Opportunity Analysis and Industry Forecast, 2014-2022. The report offers extensive analyses of the top investment pockets, drivers & opportunities, key strategic developments, competitive landscape, and market player positioning. As per the report, the U.S. intraoperative neuromonitoring market generated $1.41 billion in 2017 and is expected to reach $1.93 billion by 2022, registering a CAGR of 6.5% from 2018 to 2022.
(Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )
High incidence of chronic diseases, surge in geriatric population, and increased focus on risk management during complex surgeries drive the growth of the market. However, rise in expenses related to insourced monitoring would hinder the market growth. On the other hand, increasing applicability of IONM in various types of surgeries would create new opportunities for the market in future.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5034
Insourced monitoring segment to dominate, outsourced monitoring segment to grow the fastest by 2022
The insourced monitoring segment contributed more than half of the total market share in 2017, due to lower dependency on third-party service providers for carrying out IONM. The segment would maintain its lead position throughout the forecast period. The outsourced monitoring segment would register the highest CAGR of 10.3% from 2018 to 2022, owing to associated benefits including lower cost, ease of availability, and improved convenience.
IONM system segment to lead throughout the forecast period
The IONM system segment garnered the highest share in 2017, accounting for nearly half of the total market revenue. This is due to the high cost of IONM devices and instruments used in surgical procedures. However, the IONM service segment would register the fastest CAGR of 9.3% from 2018 to 2022, owing to their high adoption during complex surgeries, increase in charges of service providers, and rise in demand for technologically advanced products. The accessory segment is expected to grow at a steady rate during the forecast period.
EMG segment to dominate in terms of revenue
The electromyography (EMG) segment garnered lion's share in 2017, accounting for more than one-fourth of the total market revenue. It is due to the ability of EMG to accurately determine the potential damage of neurological conditions as compared to other modalities. The brainstem auditory evoked potentials (BAEPs) segment would grow at the highest CAGR of 7.9% from 2018 to 2022, owing to rise in adoption for monitoring auditory structures. The report also analyzes motor evoked potentials (MEPs), somatosensory evoked potentials (SSEPs), and visual evoked potentials (VEPs) segments.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5034
Spinal surgery: The highest revenue generating segment
Rise in prevalence of spinal conditions and increase in adoption of IONM have enabled the spinal surgery application segment to contribute for more than one-fourth of the total market share in 2017. However, orthopedic surgery segment would register the highest CAGR of 8.8% during the forecast period, owing to rise in adoption of IONM during orthopedic surgeries. The report also analyzes neurosurgery, vascular surgery, ENT surgery, and other applications.
Hospitals segment to hold major share by 2022
Hospitals segment held a major share in 2017, contributing more than half of the total market, owing to rise in the number of surgeries and increase in outsourced monitoring. This segment is expected to remain dominant throughout the forecast period. However, the ambulatory surgery centers (ASCs) segment would register the highest CAGR of 7.0% from 2018 to 2022, owing to rise in the number of ambulatory surgical centers (ASCs) across the country.
Country-wise analysis: California to contribute the largest revenue by 2022
The IONM market in California accounted for the highest share in 2017, contributing nearly one-tenth of the total market revenue. This is due to the upsurge in the number of neurosurgery & orthopedic surgeries, high population base, easy availability of trained professionals, and well-developed healthcare infrastructure. However, Washington IONM market would register the highest CAGR of 9.8% from 2018 to 2022, owing to significant rise in healthcare spending, developing healthcare infrastructure, and rise in the number of complex surgeries.
Leading industry players
The report analyzes several major industry players including Accurate Monitoring, LLC., Intranerve, LLC., Computational Diagnostics, Inc., Medtronic Plc, Inomed Medizintechnik GmbH, Natus Medical Incorporated, Moberg Research, Inc. (DAYONE MEDICAL, LLC.), Nuvasive, Inc., Nihon Kohden Corporation, and Specialtycare. These players have adopted different strategies such as new product launches, joint ventures, expansions, collaborations, mergers & acquisitions, and others to achieve gain a strong foothold in the industry.
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Similar Reports:
Medical Electrodes Market - Global Opportunity Analysis and Industry Forecast, 2016 - 2022
Intraoperative Neuromonitoring Market - Global Opportunity Analysis and Industry Forecast, 2016 - 2022
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected]
Web: https://www.alliedmarketresearch.com
SOURCE Allied Market Research
