Thursday, July 25, 2019

Nerve Monitoring Devices Market Profile | Size, Share & Geography | Forecast To 2028


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.
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
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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