Nerve Monitoring Devices Market is
expected to grow at a significant CAGR in the upcoming period as the scope and
its applications are rising enormously across the globe. Nerve monitoring
devices are the instruments that are used by neurophysiologist to monitor the
neurological functioning. It helps to evade irreversible nerve injury during surgical
procedures.
The factors that are playing a major role in the growth of
nerve monitoring devices industry are the growing occurrence of neurological
diseases like epilepsy, the growing geriatric population, and the continuous
enhancement in medical technology. However, the lack of skilled professionals
and the unstable reimbursement policy may restrain the overall market growth in
the years to come. Nerve monitoring device market is segmented based on product
type, technology, application, end-user, and region.
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Global Nerve
Monitoring Devices market competition by top manufacturers, with production,
price, revenue (value) and market share for each manufacturer; the top players
including
• Medtronic Plc.
• NuVasive, Inc.
• Nihon Kohden
• Natus Medical Inc.
• Dr. Langer Medical GmbH
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• EEG
• Evoked Potential
• EMG
• ECoG
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Nerve Monitoring Devices for each application, including
• Hospital
• Clinics
• Others
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Electrodes, monitors, and cables, lead wires, & adapters
are the product types that could be explored in nerve monitoring devices
industry in the forecast period. The electrodes sector comprise disposable and
reusable surface electrodes. Monitors sector accounted for the substantial
market share of nerve monitoring devices and is estimated to lead the overall
market in the years to come. the reason could be the high demand from
end-users.
Based on end-user, ambulatory surgical centers, hospitals,
and others could classify nerve monitoring devices in the forecast period. The
hospital sector accounted for the significant share of nerve monitoring devices
industry in this region. The reason could be the rising number of surgical and
diagnostic procedures carried out in hospitals.
Globally, North America accounted for the significant share
of nerve monitoring device market and is estimated to lead the overall market
in the years to come. The reason behind the overall market growth could the
presence of developed healthcare infrastructure, growing number of surgical
procedures, the rising healthcare expenditure, and the availability of
favorable reimbursement policy. The United States is a major consumer of nerve
monitoring devices in this region.
The key players of nerve monitoring device industry are
Electrical Geodesics Inc., Medtronic Plc., Compumedics Limited, NuVasive, Inc.,
Cadwell Laboratories, Nihon Kohden, Neurowave Systems, Natus Medical Inc.,
Neurosign Surgical, and Langer Medical GmbH. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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