NERVE MONITORING SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global nerve monitoring system market is estimated to be valued at USD 1.62 Bn in 2024, and is expected to exhibit a CAGR of 5.6% during the forecast period (2024-2031). The global nerve monitoring system market is witnessing a significant growth due to the increasing prevalence of neurological disorders and the rising number of surgeries involving nerve injuries across the globe. Nerve monitoring systems help in detecting injury during complex surgical procedures such as neurovascular surgery, orthopedic surgery, ENT surgery, and others by sending electrical stimulation to the nerves and tracking resulting muscle activity. Furthermore, technological advancements in nerve monitoring systems, coupled with improved reimbursement scenarios are further propelling the market growth. However, high costs of intraoperative nerve monitors and dearth of skilled professionals hinders the market growth to some extent.

Market Dynamics:

The global nerve monitoring system market is expected to witness robust growth during 2023-2030. This growth can be attributed to factors such as rising incidence of neurological disorders, increasing number of surgical procedures involving nerve injuries, growing geriatric population susceptible to neurological illnesses. However, high costs of intraoperative nerve monitors are expected to hinder market growth. Nonetheless, ongoing technological advancements by key players are likely to offer lucrative opportunities. For instance, Medtronic introduced the NIM ECLIPSE nerve monitoring system with an enhanced user interface for improved nerve monitoring. Similarly, Checkpoint Surgical's Nerve Integrity Monitor offers advantages such as portability and ease of use.

Key Features of the Study:

• This report provides an in-depth analysis of the global nerve monitoring system market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global nerve monitoring system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this includes Medtronic, Natus Medical, Inomed, NIHON KOHDEN CORPORATION, Checkpoint Surgical Inc., Magstim, Bovie Medical, Halyard Health, Neurovision Medical, NuVasive, Inc., Stimwave Technologies, Neuspera Medical, Langer Medical GmbH, Neurosign , Cadwell Laboratories, Compumedics Limited, Electrical Geodesics Inc
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global nerve monitoring system market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nerve monitoring system market 

Detailed Segmentation-

• By Product:
• • Nerve Monitor
  • Electrodes
  • Probes
  • Accessories
• By Technology:
• • Electroencephalogram (EEG)
  • Electromyography (EMG)
  • Electrocorticography (ECOG)
  • Evoked Potential (EP)
• By Application:
• • Neurosurgery
  • ENT Surgery
  • Spine Surgery
  • Cardiovascular Surgery
• By End User:
• • Hospitals
  • Ambulatory Surgical Centers
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • Medtronic
  • Natus Medical
  • Inomed
  • NIHON KOHDEN CORPORATION
  • Checkpoint Surgical Inc.
  • Magstim
  • Bovie Medical
  • Halyard Health
  • Neurovision Medical
  • NuVasive, Inc.
  • Stimwave Technologies
  • Neuspera Medical
  • Langer Medical GmbH
  • Neurosign 
  • Cadwell Laboratories
  • Compumedics Limited
  • Electrical Geodesics Inc