Nerve Monitoring Devices Market - Global Industry Analysis

Nerve Monitoring Devices Market By Technology (Evoked Potential, Electrocorticography, Electroencephalography, and Electromyography), By Product (Ancillary Products, Electrodes, and Monitors), By Application (Cardiovascular, ENT Surgery, Spine Surgery, Neurosurgery, and Others), By End-User (Ambulatory Surgical Centers and Hospitals & Surgical Centers), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Published Date: 29-Apr-2022 Category: Medical Device Report Format : PDF Pages: 152 Report Code: ZMR-3370 Status : Published

The global nerve monitoring devices market Size was valued at about USD 1.32 billion in 2021 and is expected to increase to around USD 1.78 billion by 2028, with a compound annual growth rate (CAGR) of around 4.31 percent.

Description

Industry Prospective:

The global nerve monitoring devices market was valued at about USD 1.32 billion in 2021 and is expected to increase to around USD 1.78 billion by 2028, with a compound annual growth rate (CAGR) of around 4.31 percent. The study examines the market's drivers, constraints, and challenges, as well as the impact they have on the demand throughout the forecast period. In addition, the study looks into the new potential in the market for nerve monitoring devices.

Nerve Monitoring Devices Market: Overview

Nerve monitoring devices assist surgeons in detecting and monitoring motor nerve function in order to avoid nerve injury during general operations. It's a strategy for preventing nervous system injury during high-risk medical operations including spine, nerve, and brain surgery. The nerve monitoring devices enable surgeons to execute crucial surgeries while conserving nerve function and enhancing patient safety by integrating advanced hardware electronics with easy software.

COVID-19 Impact:

The Covid-19 epidemic posed an unprecedented challenge to the global healthcare sector. The losses were seen throughout all product lines and were mostly due to shut down and restrictions on movement. The decline in capital equipment acquisitions as a result of the pandemic had a particularly negative influence on the nerve monitoring industry. The net sales losses in ENT were majorly due to procedure postponement and a decline in the development of devices. However, with ease in restrictions and smooth operations of the key players, the market is expected to grow at a healthy rate post-covid-era.

Nerve Monitoring Devices Market: Growth Drivers

Growing incidences of neurodegenerative disorders to drive the market growth

Millions of individuals throughout the world suffer from neurodegenerative illnesses. The most frequent neurodegenerative disorders are Parkinson's disease and Alzheimer's disease. According to research from 2021, the Alzheimer's Disease Association expects that 6.2 million Americans have Alzheimer's disease. By 2030, an estimated 1.2 million individuals in the United States would have Parkinson's disease. With age, the likelihood of developing a neurodegenerative disease rises considerably. Thus, such a huge burden of neurodegenerative diseases and the growing geriatric population across the world is fostering the global nerve monitoring devices market growth. In addition to this, a rise in healthcare spending, rapidly growing healthcare infrastructure, and an increase in the number of surgical procedures are also some of the key aspects that are fueling the growth of the market.

Global Nerve Monitoring Devices Market

Nerve Monitoring Devices Market: Restraints

Lack of skilled professionals to limit the market growth

With an increase in advancement and features of the nerve monitoring devices, to operate them, detailed knowledge of the device is necessary. The nerve monitoring devices are also nowadays combined into software. Further, misinterpretations and failure to resolve technical glitches may result from a lack of basic understanding of neurophysiological monitoring. Also, the International Neural Study Monitoring Group has developed standards for the proper usage, setup, and troubleshooting of intraoperative nerve monitoring (IONM). In emerging or underdeveloped countries, there is a lack of skilled professionals who can operate the device in an efficient manner. Thus, this can be a limiting factor for market growth. Moreover, unfavorable reimbursement policies and strict regulatory bodies regarding the approval of the device are also some of the factors that may hinder the growth of the market.

Nerve Monitoring Devices Market: Opportunities

Growing investment in R&D sector is likely to drive the market during the forecast period.

With the growing demand for nerve monitoring devices, market players are focusing on the development of innovative devices which are integrated with software and other latest technologies. Thus, heavy investment is done by leading market players in the R&D sector in order to hold a strong position in the global market. Also, there is an increase in funding by the private as well as government sectors to establish well-developed healthcare infrastructure in emerging countries which in turn is encouraging the major players to expand the business and manufacture of nerve monitoring devices. All such factors coupled with an increase in outsourcing of the devices to provide affordable solutions are expected to propel the global nerve monitoring devices market growth during the forecast period.

Nerve Monitoring Devices Market: Challenges.

High cost of the device may pose a major challenge for the market growth.

Intraoperative nerve monitoring (IONM) equipment and consumables, particularly continuous intraoperative neuromonitoring (CIONM), are costly and country-specific. When just the direct expenses of recurrent laryngeal nerve (RLN) injuries are evaluated, the IONM approach is unlikely to be cost-effective. Also, inpatient expenditures for all types of thyroidectomies remain underfunded, irrespective of the equipment utilized. Thus, the unaffordability of the nerve monitoring devices by small hospitals may pose a challenge to market growth.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Nerve Monitoring Devices Market: Segmentation

The global nerve monitoring devices market is divided based on technology, product, application, end-user, and region. Based on the technology, the global market is characterized by evoked potential, electrocorticography, electroencephalography, and electromyography. The product segment is split into ancillary products, electrodes, and monitors. The application segment consists of cardiovascular, ENT surgery, spine surgery, neurosurgery, and others. By end-user, the market is classified into ambulatory surgical centers and hospitals & surgical centers.

Recent Developments

  • In May 2021, the V4 4-channel and 8-channel nerve monitoring systems from Neurosign received FDA approval. The V4 was developed in collaboration with top surgeons and is used largely for skull base procedures, cranial nerves, and spinal nerve roots.
  • In October 2020, Medtronic plc, the major leader in medical technology, received FDA 510(k) clearance for the NIM Vital™ nerve monitoring system, which allows doctors to identify, verify, and evaluate nerve function to aid decrease the risk of nerve injury throughout head and neck surgery. The company's ENT portfolio has been significantly expanded with the latest acquisition of privately held Ai Biomed Corp.

Nerve Monitoring Devices Market: Regional Landscape

North America to hold the largest share in the global market during the forecast period.

Regionally, North America is estimated to account for the maximum share of the global nerve monitoring devices market during the forecast period. Due to the huge number of surgical procedures conducted, North America is the top market in terms of nerve monitoring device sales. The significant demand for nerve monitoring devices in North America is also owing to the accessibility of developed healthcare infrastructure, the substantial contribution of healthcare to the economy, and patient compliance. Europe seems to have the second-largest position in the market with substantial demand for nerve monitoring devices owing to significant technological advancements in the healthcare industry. On the other hand, the revenue of nerve monitoring devices is predicted to expand at a faster rate in Asia Pacific than in North America and Europe, owing to the large market opportunities in countries like China and India.

Nerve Monitoring Devices Market: Competitive Landscape

The major players operating in the global nerve monitoring devices market include Langer Medical GmbH, Deymed diagnostic Inc., Checkpoint Surgical, Brainsway, Bovie Medical Corporation, Natus Medical Inc., Medtronic, Magtism, Neurosign, and EMS Biomedical.

Global nerve monitoring devices market is segmented as follows:

By Technology

By Product

  • Ancillary Products
  • Electrodes
  • Monitors

By Application

  • Cardiovascular
  • ENT Surgery
  • Spine Surgery
  • Neurosurgery
  • Others

By End User

  • Ambulatory Surgical Centers
  • Hospitals & Surgical Centers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Nerve Monitoring Devices Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Nerve Monitoring Devices Market : snapshot
  • Chapter 3. Global Nerve Monitoring Devices Market - Industry Analysis
    • 3.1 Nerve Monitoring Devices Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing incidences of neurodegenerative disorders to drive the market growth
    • 3.3 Market Restraints
      • 3.3.1. Lack of skilled professionals to limit the market growth
    • 3.4 Market Opportunities
      • 3.4.1. Growing investment in R&D sector is likely to drive the market during the forecast period
    • 3.5 Market Challenges
      • 3.5.1. High cost of the device may pose a major challenge for the market growth
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Technology
      • 3.7.2 Market attractiveness analysis By Product
      • 3.7.3 Market attractiveness analysis By Application
      • 3.7.4 Market attractiveness analysis By End User
  • Chapter 4. Global Nerve Monitoring Devices Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Nerve Monitoring Devices Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Nerve Monitoring Devices Market - Technology Analysis
    • 5.1 Global Nerve Monitoring Devices Market overview: By Technology
      • 5.1.1 Global Nerve Monitoring Devices Market share, By Technology, 2021 and 2028
    • 5.2 Evoked Potential
      • 5.2.1 Global Nerve Monitoring Devices Market by Evoked Potential, 2022 - 2028 (USD Billion)
    • 5.3 Electrocorticography
      • 5.3.1 Global Nerve Monitoring Devices Market by Electrocorticography, 2022 - 2028 (USD Billion)
    • 5.4 Electroencephalography
      • 5.4.1 Global Nerve Monitoring Devices Market by Electroencephalography, 2022 - 2028 (USD Billion)
    • 5.5 Electromyography
      • 5.5.1 Global Nerve Monitoring Devices Market by Electromyography, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Nerve Monitoring Devices Market - Product Analysis
    • 6.1 Global Nerve Monitoring Devices Market overview: By Product
      • 6.1.1 Global Nerve Monitoring Devices Market share, By Product, 2021 and 2028
    • 6.2 Ancillary Products
      • 6.2.1 Global Nerve Monitoring Devices Market by Ancillary Products, 2022 - 2028 (USD Billion)
    • 6.3 Electrodes
      • 6.3.1 Global Nerve Monitoring Devices Market by Electrodes, 2022 - 2028 (USD Billion)
    • 6.4 Monitors
      • 6.4.1 Global Nerve Monitoring Devices Market by Monitors, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Nerve Monitoring Devices Market - Application Analysis
    • 7.1 Global Nerve Monitoring Devices Market overview: By Application
      • 7.1.1 Global Nerve Monitoring Devices Market share, By Application, 2021 and 2028
    • 7.2 Cardiovascular
      • 7.2.1 Global Nerve Monitoring Devices Market by Cardiovascular, 2022 - 2028 (USD Billion)
    • 7.3 ENT Surgery
      • 7.3.1 Global Nerve Monitoring Devices Market by ENT Surgery, 2022 - 2028 (USD Billion)
    • 7.4 Spine Surgery
      • 7.4.1 Global Nerve Monitoring Devices Market by Spine Surgery, 2022 - 2028 (USD Billion)
    • 7.5 Neurosurgery
      • 7.5.1 Global Nerve Monitoring Devices Market by Neurosurgery, 2022 - 2028 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Nerve Monitoring Devices Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 8. Global Nerve Monitoring Devices Market - End User Analysis
    • 8.1 Global Nerve Monitoring Devices Market overview: By End User
      • 8.1.1 Global Nerve Monitoring Devices Market share, By End User, 2021 and 2028
    • 8.2 Ambulatory Surgical Centers
      • 8.2.1 Global Nerve Monitoring Devices Market by Ambulatory Surgical Centers, 2022 - 2028 (USD Billion)
    • 8.3 Hospitals & Surgical Centers
      • 8.3.1 Global Nerve Monitoring Devices Market by Hospitals & Surgical Centers, 2022 - 2028 (USD Billion)
  • Chapter 9. Nerve Monitoring Devices Market - Regional Analysis
    • 9.1 Global Nerve Monitoring Devices Market Regional Overview
    • 9.2 Global Nerve Monitoring Devices Market Share, by Region, 2021 & 2028 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
        • 9.3.1.1 North America Nerve Monitoring Devices Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 North America Nerve Monitoring Devices Market, by Technology, 2022 - 2028
      • 9.4.1 North America Nerve Monitoring Devices Market, by Technology, 2022 - 2028 (USD Billion)
    • 9.5 North America Nerve Monitoring Devices Market, by Product, 2022 - 2028
      • 9.5.1 North America Nerve Monitoring Devices Market, by Product, 2022 - 2028 (USD Billion)
    • 9.6 North America Nerve Monitoring Devices Market, by Application, 2022 - 2028
      • 9.6.1 North America Nerve Monitoring Devices Market, by Application, 2022 - 2028 (USD Billion)
    • 9.7 North America Nerve Monitoring Devices Market, by End User, 2022 - 2028
      • 9.7.1 North America Nerve Monitoring Devices Market, by End User, 2022 - 2028 (USD Billion)
    • 9.4. Europe
      • 9.4.2 Europe Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
        • 9.4.2.1 Europe Nerve Monitoring Devices Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 Europe Nerve Monitoring Devices Market, by Technology, 2022 - 2028
      • 9.4.1 Europe Nerve Monitoring Devices Market, by Technology, 2022 - 2028 (USD Billion)
    • 9.5 Europe Nerve Monitoring Devices Market, by Product, 2022 - 2028
      • 9.5.1 Europe Nerve Monitoring Devices Market, by Product, 2022 - 2028 (USD Billion)
    • 9.6 Europe Nerve Monitoring Devices Market, by Application, 2022 - 2028
      • 9.6.1 Europe Nerve Monitoring Devices Market, by Application, 2022 - 2028 (USD Billion)
    • 9.7 Europe Nerve Monitoring Devices Market, by End User, 2022 - 2028
      • 9.7.1 Europe Nerve Monitoring Devices Market, by End User, 2022 - 2028 (USD Billion)
    • 9.5. Asia Pacific
      • 9.5.3 Asia Pacific Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
        • 9.5.3.1 Asia Pacific Nerve Monitoring Devices Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 Asia Pacific Nerve Monitoring Devices Market, by Technology, 2022 - 2028
      • 9.4.1 Asia Pacific Nerve Monitoring Devices Market, by Technology, 2022 - 2028 (USD Billion)
    • 9.5 Asia Pacific Nerve Monitoring Devices Market, by Product, 2022 - 2028
      • 9.5.1 Asia Pacific Nerve Monitoring Devices Market, by Product, 2022 - 2028 (USD Billion)
    • 9.6 Asia Pacific Nerve Monitoring Devices Market, by Application, 2022 - 2028
      • 9.6.1 Asia Pacific Nerve Monitoring Devices Market, by Application, 2022 - 2028 (USD Billion)
    • 9.7 Asia Pacific Nerve Monitoring Devices Market, by End User, 2022 - 2028
      • 9.7.1 Asia Pacific Nerve Monitoring Devices Market, by End User, 2022 - 2028 (USD Billion)
    • 9.6. Latin America
      • 9.6.4 Latin America Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
        • 9.6.4.1 Latin America Nerve Monitoring Devices Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 Latin America Nerve Monitoring Devices Market, by Technology, 2022 - 2028
      • 9.4.1 Latin America Nerve Monitoring Devices Market, by Technology, 2022 - 2028 (USD Billion)
    • 9.5 Latin America Nerve Monitoring Devices Market, by Product, 2022 - 2028
      • 9.5.1 Latin America Nerve Monitoring Devices Market, by Product, 2022 - 2028 (USD Billion)
    • 9.6 Latin America Nerve Monitoring Devices Market, by Application, 2022 - 2028
      • 9.6.1 Latin America Nerve Monitoring Devices Market, by Application, 2022 - 2028 (USD Billion)
    • 9.7 Latin America Nerve Monitoring Devices Market, by End User, 2022 - 2028
      • 9.7.1 Latin America Nerve Monitoring Devices Market, by End User, 2022 - 2028 (USD Billion)
    • 9.7. The Middle-East and Africa
      • 9.7.5 The Middle-East and Africa Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
        • 9.7.5.1 The Middle-East and Africa Nerve Monitoring Devices Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 The Middle-East and Africa Nerve Monitoring Devices Market, by Technology, 2022 - 2028
      • 9.4.1 The Middle-East and Africa Nerve Monitoring Devices Market, by Technology, 2022 - 2028 (USD Billion)
    • 9.5 The Middle-East and Africa Nerve Monitoring Devices Market, by Product, 2022 - 2028
      • 9.5.1 The Middle-East and Africa Nerve Monitoring Devices Market, by Product, 2022 - 2028 (USD Billion)
    • 9.6 The Middle-East and Africa Nerve Monitoring Devices Market, by Application, 2022 - 2028
      • 9.6.1 The Middle-East and Africa Nerve Monitoring Devices Market, by Application, 2022 - 2028 (USD Billion)
    • 9.7 The Middle-East and Africa Nerve Monitoring Devices Market, by End User, 2022 - 2028
      • 9.7.1 The Middle-East and Africa Nerve Monitoring Devices Market, by End User, 2022 - 2028 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Langer Medical GmbH
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Deymed diagnostic Inc.
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Checkpoint Surgical
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Brainsway
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Bovie Medical Corporation
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Natus Medical Inc.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Medtronic
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Magtism
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Neurosign
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 EMS Biomedical.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Nerve Monitoring Devices Market attractiveness, By Technology
  • 6. Global Nerve Monitoring Devices Market attractiveness, By Product
  • 7. Global Nerve Monitoring Devices Market attractiveness, By Application
  • 8. Global Nerve Monitoring Devices Market attractiveness, By End User
  • 9. Global Nerve Monitoring Devices Market share by Technology, 2022 and 2028 (USD Billion)
  • 10. Global Nerve Monitoring Devices Market by Evoked Potential, 2022 - 2028 (USD Billion)
  • 11. Global Nerve Monitoring Devices Market by Electrocorticography, 2022 - 2028 (USD Billion)
  • 12. Global Nerve Monitoring Devices Market by Electroencephalography, 2022 - 2028 (USD Billion)
  • 13. Global Nerve Monitoring Devices Market by Electromyography, 2022 - 2028 (USD Billion)
  • 14. Global Nerve Monitoring Devices Market share by Product, 2022 and 2028 (USD Billion)
  • 15. Global Nerve Monitoring Devices Market by Ancillary Products, 2022 - 2028 (USD Billion)
  • 16. Global Nerve Monitoring Devices Market by Electrodes, 2022 - 2028 (USD Billion)
  • 17. Global Nerve Monitoring Devices Market by Monitors, 2022 - 2028 (USD Billion)
  • 18. Global Nerve Monitoring Devices Market share by Application, 2022 and 2028 (USD Billion)
  • 19. Global Nerve Monitoring Devices Market by Cardiovascular, 2022 - 2028 (USD Billion)
  • 20. Global Nerve Monitoring Devices Market by ENT Surgery, 2022 - 2028 (USD Billion)
  • 21. Global Nerve Monitoring Devices Market by Spine Surgery, 2022 - 2028 (USD Billion)
  • 22. Global Nerve Monitoring Devices Market by Neurosurgery, 2022 - 2028 (USD Billion)
  • 23. Global Nerve Monitoring Devices Market by Others, 2022 - 2028 (USD Billion)
  • 24. Global Nerve Monitoring Devices Market share by End User, 2022 and 2028 (USD Billion)
  • 25. Global Nerve Monitoring Devices Market by Ambulatory Surgical Centers, 2022 - 2028 (USD Billion)
  • 26. Global Nerve Monitoring Devices Market by Hospitals & Surgical Centers, 2022 - 2028 (USD Billion)
  • 27. Global Nerve Monitoring Devices Market share, by Region, 2022 and 2028
  • 28. North America Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
  • 29. Europe Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
  • 30. Asia Pacific Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
  • 31. Latin America Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)
  • 32. The Middle-East and Africa Nerve Monitoring Devices Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Nerve Monitoring Devices Market: Snapshot
  • 2. Drivers of the Nerve Monitoring Devices Market: impact analysis
  • 3. North America Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 4. North America Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 5. North America Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 6. North America Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 7. U.S. Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 8. U.S. Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 9. U.S. Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 10. U.S. Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 11. Canada Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 12. Canada Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 13. Canada Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 14. Canada Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 15. Europe Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 16. Europe Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 17. Europe Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 18. Europe Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 19. Germany Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 20. Germany Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 21. Germany Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 22. Germany Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 23. France Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 24. France Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 25. France Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 26. France Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 27. U.K. Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 28. U.K. Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 29. U.K. Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 30. U.K. Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 31. Italy Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 32. Italy Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 33. Italy Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 34. Italy Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 35. Spain Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 36. Spain Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 37. Spain Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 38. Spain Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 39. Rest of Europe Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 40. Rest of Europe Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 41. Rest of Europe Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 42. Rest of Europe Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 43. Asia Pacific Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 44. Asia Pacific Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 45. Asia Pacific Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 46. Asia Pacific Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 47. China Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 48. China Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 49. China Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 50. China Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 51. Japan Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 52. Japan Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 53. Japan Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 54. Japan Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 55. India Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 56. India Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 57. India Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 58. India Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 59. South Korea Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 60. South Korea Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 61. South Korea Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 62. South Korea Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 63. South-East Asia Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 64. South-East Asia Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 65. South-East Asia Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 66. South-East Asia Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 67. Rest of Asia Pacific Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 68. Rest of Asia Pacific Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 69. Rest of Asia Pacific Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 70. Rest of Asia Pacific Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 71. Latin America Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 72. Latin America Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 73. Latin America Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 74. Latin America Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 75. Brazil Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 76. Brazil Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 77. Brazil Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 78. Brazil Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 79. Mexico Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 80. Mexico Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 81. Mexico Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 82. Mexico Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 83. Rest of Latin America Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 84. Rest of Latin America Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 85. Rest of Latin America Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 86. Rest of Latin America Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 87. The Middle-East and Africa Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 88. The Middle-East and Africa Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 89. The Middle-East and Africa Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 90. The Middle-East and Africa Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 91. GCC Countries Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 92. GCC Countries Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 93. GCC Countries Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 94. GCC Countries Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 95. South Africa Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 96. South Africa Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 97. South Africa Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 98. South Africa Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)
  • 99. Rest of Middle-East Africa Nerve Monitoring Devices Market revenue, By Technology, 2022 - 2028 (USD Billion)
  • 100. Rest of Middle-East Africa Nerve Monitoring Devices Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 101. Rest of Middle-East Africa Nerve Monitoring Devices Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 102. Rest of Middle-East Africa Nerve Monitoring Devices Market revenue, By End User, 2022 - 2028 (USD Billion)

Methodology

Free Analysis

Nerve monitoring system is used to provide useful information to the surgeons such as nerve location and it also helps in monitoring the integrity of nerves which are critical for several body functions. The nerve monitoring systems provide real-time information and precise function and location of nerves that help to prevent neural damage occurred due to surgical manipulation. Thus the system is used by physicians from decades during the surgeries of the spine, maxillofacial, and diverse orthopedic surgeries. 

Rising prevalence of chronic diseases globally and rising health concerns, along with increasing awareness of healthcare professionals towards nerve monitoring systems and escalating demand for wearable devices is expected to propel the market for nerve monitoring systems market. Moreover, the growing availability of medical reimbursements for nerve monitoring systems will help augment the market growth in developed and developing nations. Companies like NuVasive and Medtronic Plc have come up with innovative products which are further boosting the market growth.

Global Nerve Monitoring Systems Market

The rise in prevalence of severe disorders such as cerebral stroke and others such as epilepsy, Alzheimer's disease, and Parkinsonism is expected to fuel the demand for nerve monitoring systems market growth during the forecast period. According to the National Institute of Neurological Disorders and Stroke (NINDS), about 50 million Americans are suffering owing to these disorders, high disease rate, & economic costs burden for medical expenses is increasing coupled with the loss of productivity.

The market for nerve monitoring systems is segmented on the basis of product which is further divided into nerve monitors, nerve stimulation electrodes and probes, and accessories. The nerve monitors segment is anticipated to grow at a significant CAGR owing to increasing awareness among healthcare professionals and growing CNS disorders globally. Based on technology, the market for nerve monitoring systems is segmented into electroencephalography (EEG), electrocorticography (ECOG), electromyography (EMG), and evoked potential (EP). On the basis of applications, the nerve monitoring systems market is classified into spine surgery, neurosurgery, cardiovascular applications, ENT surgery, and others. Based on end-user, the market is classified as ambulatory surgical centers & hospitals, and surgical centers.

Regionally, North America holds the largest market share of the nerve monitoring systems owing to the high adoption of nerve monitors, developed healthcare infrastructure, and huge acceptance for advanced medical technologies. It is followed by Europe market, which is expected to gain a substantial market share in the forecast period owing to favorable reimbursement policies and government policies in the region. Asia Pacific region is anticipated to register at the highest CAGR during the forecast period due to developing healthcare infrastructure and increasing prevalence of chronic diseases.

Some of the key players in the nerve monitoring systems market include NuVasive, Medtronic Plc, Nihon Kohden, Dr. Langer Medical, Neurovision Medical, Checkpoint Surgical, Nihon Kohden, EMS Handels, Halyard Health, Inomed, and Erbe Elektromedizin.

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FrequentlyAsked Questions

Growing incidences of neurodegenerative disorders to drive the market growth. In addition to this, rise in healthcare spending, rapidly growing healthcare infrastructure, and increase in number of surgical procedures are also some of the key aspects that are fueling the growth of the market.

 

 

According to the Zion Market Research report, the global nerve monitoring devices market was worth about 1.32 (USD billion) in 2021 and is predicted to grow to around 1.78 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 4.31 percent.

Regionally, North America is estimated to account for the maximum share of the global nerve monitoring device market during the forecast period. Due to the huge number of surgical procedures conducted, North America is the top market in terms of nerve monitoring device sales. The significant demand for nerve monitoring devices in North America is also owing to the accessibility of developed healthcare infrastructure, the substantial contribution of healthcare to the economy, and patient compliance.

The major players operating in the global nerve monitoring devices market include Langer Medical GmbH, Deymed diagnostic Inc., Checkpoint Surgical, Brainsway, Bovie Medical Corporation, Natus Medical Inc., Medtronic, Magtism, Neurosign, and EMS Biomedical.

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