Market Challenges And Opportunities

Global Intraoperative Monitoring Electrodes Market – Driver

Launch of new products to expand product portfolio

Key market players focusing on the launch of new products for better accessibility and affordability is expected to drive the global intraoperative monitoring electrodes market over the forecast period. For instance, in September 2020, AliveCor, a medical device and AI company producing ECG hardware and software for consumer mobile devices, announced its entry into the Indian market with the revolutionary launch of the most clinically-validated personal ECG device, KardiaMobile 6L. Owing to the accessibility challenges to quality healthcare in the country and COVID-related infection fears, the portable and technology-enabled ECG device will help deliver affordable and convenient heart care to over 260 million heart patients and those at risk, without visiting a hospital.

Global Intraoperative Monitoring Electrodes Market: Restraint

Cost-effectiveness of intraoperative neuromonitoring

Neuromonitoring use in lumbar discectomy, increasing prevalence of the neurological diseases leads to determining intraoperative utility and overall cost-effectiveness of neuromonitoring for lumbar discectomy. For instance, in January 2020, according to the article published in the National Library of Medicine, a study was done on 91 candidates out of which 47 were done with intraoperative neuromonitoring and 44 lumbar discectomies were done with Intraoperative Neurophysiological Monitoring (IONM). The cost of lumbar discectomy done with intraoperative neuromonitoring generated an overall operative cost of US$ 21,949 and US$ 18,064 without intraoperative neuromonitoring. According to this study, it was also observed that lumbar discectomies done with or without IONM gave similar outcomes. The only difference associated with and without IONM was operative cost and time, which were higher in the IONM-based surgery.