Nerve Monitoring Devices Market Size, Share, Report, 2028

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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.

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.