Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.32 Billion | USD 1.78 Billion | 4.31% | 2021 |
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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