Global nerve monitoring devices market is
expected to reach USD 1.9 billion by 2022 according to a new study by Grand
View Research Inc. Rising prevalence of neurological diseases, such as
epilepsy, is a vital driver propelling market growth. Increasing geriatric
population is another important driver responsible for growth of
neuromonitoring devices, as these demographics are more prone to age-related
neurodegenerative disorders.
North America nerve monitoring device market,
by technology, 2012-2022 (USD Million)
Technological advancements such as wearable devices, which have better mobility and ability of round-the-clock monitoring, are expected to bolster the demand for these devices over the forecast period. Furthermore, large patient pool of neurological disorders is undiagnosed; hence, government is taking initiatives to promote early diagnosis, thereby increasing the demand for nerve monitoring devices.
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Further key findings from the study suggest:
· Electroencephalography was the largest technology segment in 2014, owing
to its wide clinical utility and its ability to unfold brain activity within
milliseconds providing higher accuracy
· On the contrary, electromyography is also expected to witness lucrative
growth over the forecast period, attributed to rising prevalence of
neuromuscular diseases such as muscular dystrophies and muscle rheumatism
· Monitors witnessed a rapid growth in demand, which resulted in the
product accounting for the largest share in 2014. Ancillary products such as
disposable sponge disks, abrasive gel, alcohol swabs, disposable filter, and
electrode creams are expected to witness substantial growth over the next seven
years. Increased usage and repeat purchases are likely to drive segment growth.
· North America dominated the regional nerve monitoring devices market
with over 45.0% share in 2014. Advanced healthcare infrastructure coupled with
growing disposable income is anticipated to drive growth of the market.
· Asia Pacific is expected to witness lucrative growth over the forecast
period. Presence of high unmet needs and untapped opportunities in India and
China are expected to open up new avenues for market players.
· Key players operating in this market include Medtronic Plc., NuVasive,
Inc., Nihon Kohden, Natus Medical Inc., Langer Medical GmbH, Neurosign
Surgical, Neurowave Systems, Cadwell Laboratories, Compumedics Limited, and
Electrical Geodesics Inc. Key trends witnessed in this market include collaborations to gain competitive advantage,
technological advancements, and new product launches.
· For instance, in January 2015, Natus Medical Inc.
announced its entry in neurodiagnostics market through the acquisition of
Global Neuro-Diagnostics, a provider of home-based EEG testing. This
acquisition helped the company to widen the portfolio of nerve monitoring
offerings.
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View Research at:
Grand View
Research has segmented the nerve monitoring devices market on the basis of
products, technology and region:
Global Nerve Monitoring Devices Product Outlook (USD
million), 2012 - 2022
·
Monitors
·
Electrodes
·
Ancillary Products
Global Nerve Monitoring Devices Technology Outlook
(USD million), 2012 - 2022
·
Electroencephalogram (EEG)
·
Evoked Potential
o Somatosensory
Evoked Potentials (SSEP)
o Transcranial
Electrical Motor Evoked Potentials (TCeMEP)
o Brainstem
Auditory Evoked Potentials (BAEP)
o Visual
Evoked Potentials (VEP)
·
Electromyography (EMG)
·
Electrocorticography (ECoG)
Nerve Monitoring Devices Regional Outlook (USD
million), 2012 – 2020
·
North America
o
U.S.
o
Mexico
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
·
Latin America
o Brazil
o Mexico
·
MEA
o South
Africa
o Saudi
Arabia
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release of this research report by Grand View Research:www.grandviewresearch.com/press-release/global-nerve-monitoring-devices-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com
