Intraoperative Neuromonitoring (IONM) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

  • Single User License $3500

Intraoperative Neuromonitoring (IONM) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Intraoperative Neuromonitoring Market: Snapshot

Intraoperative neuromonitoring (IONM) refers to a key technology used during surgical procedures.  The use of IONM serves to provide additional information and helps to maintain nerve integrity, brain function, and neural pathways.

Intraoperative neuromonitoring is mainly used for a few medical specialties. These include neurosurgery, ENT surgery, emergency surgery, visceral surgery, cardiothoracic surgery, orthopedics, vascular surgery, and general surgery. The use of IONM helps to reduce risk of damage of neurophysiologically-relevant nerve structures at the time of surgical intervention or possible damage of nerve function as a result of improper positioning of the patient. With the help of targeted neurostimulation, nerve structures can be spotted and potential damage prevented by adopting to surgical approach. This allows surgeons to focus on optimizing the intervention whilst maintaining function.

Prior to the development of equipment and techniques for IONM, interventionists carried out a simple visual check to determine if the muscle in question shrunk after neurostimulation. These methods have become obsolete and no longer meet the demands of today’s operating room.

Today, intraoperative neuromonitoring mainly involves two methods – continuous monitoring and neuromonitoring for localization. Continuous monitoring involves clinicians to monitor patient tabular data in real-time to observe changes to the morphology of the data. Continuous monitoring includes modalities of EMG, AEP, EEG, SEP, MEP, and VEP.

On the other hand, neuromonitoring for localization involves use of targeted stimulation that enables the surgeon to spot critical nerve structures in the area of surgery. Using this, surgeons have a better spatial orientation and use targeted neurostimulation.

Intraoperative neuromonitoring has been gaining traction to reduce the incidence of stroke and paralysis in major vascular interventions.

Global Intraoperative Neuromonitoring (IONM) Market: Overview 

On account of the increasing care toward patient safety, the demand for intraoperative neuromonitoring has continued to rise at a steady pace. The burden of healthcare costs on patients and their desire to avoid readmission have upped the adoption of intraoperative neuromonitoring around the world. Intraoperative neurophysiological monitoring (IONM) uses electrophysiological techniques such as electromyography (EMG), electroencephalography (EEG), and evoked potentials to effectively monitor the integrity of neural structures such as spinal cords, nerves, and certain parts of brain. IONM is mostly conducted to provide functional guidance to surgeons besides reducing risk to patients suffering from iatrogenic damage. 

Global Intraoperative Neuromonitoring (IONM) Market: Key Trends 

As per findings of the World Health Organization (WHO), nearly 80% of disorders leading to disabling conditions are neurological. Intraoperative monitoring has thus become imperative in neurosurgery as it offers early warning with regards to sensory & motor functions during a surgery. It has therefore enabled surgeons yield better results by eliminating post-operative neurophysiological deficits. Safer surgery consequently results in reduced risk and intervention time. On account of these benefits the demand for intraoperative neuromonitoring has surged exponentially across the healthcare sector. 

This, coupled with, favorable reimbursement scenario especially in developed nations is augmenting market prospects for the future. Also the market players are focusing on strategic collaborations to expand their footprint and offer innovations. These calculated steps witnessed in the global intraoperative neuromonitoring market will act in favor of its growth in the coming years. 

Global Intraoperative Neuromonitoring (IONM) Market: Market Potential 

Recently, SpecialtyCare renowned as a leading provider of surgical services, perfusion, and intraoperative neuromonitoring acquired Sentient, a prominent IONM provider in October 2016. With this transaction SpecialtyCare was able expand their leadership as one of the most comprehensive providers of patient-centered outsourced IONM services to hospitals, surgeons, health systems, and surgery centers. 

Following the acquisition, SpecialtyCare has increased the overall number of intraoperative neuromonitoring associates to support cases in the U.S., which is also its existing market, besides expanding coverage across the Atlantic States. Such mergers and acquisitions will have a positive impact on the market in letting it expand its distribution network across markets yet to be explored. Leading players in the global intraoperative neuromonitoring market are also looking to extend strategic collaboration with counterparts across emerging nations to expand their overall footprint. 

Global Intraoperative Neuromonitoring (IONM) Market: Regional Outlook 

Regionally, opportunities witnessed by the intraoperative neuromonitoring market in North America are highly lucrative. Besides this, considerable growth potential exists for the market in Europe as well. Considering improving reimbursement scenario across North America and Europe, these regions are expected to remain at the global market’s fore also in the coming years. Besides this, a majority of developed countries have clearly defined procedure and codes for patients and insurance companies, which have made reimbursement processes easier and more convenient. Such well-defined guidelines has resulted in better outcome, thus benefiting hospitals and patients alike and accelerating the pace of gains for intraoperative neuromonitoring market in turn. 

A large number of neurological centers in the U.S. are recommending the use of intraoperative neuromonitoring in order to bridge the manpower gap and cater to the rising demand. Hospitals are encouraging physicians besides the doctorate-level IONM providers to get trained and certified from institutions such as the American Board of Nuclear Medicine. With the healthcare system making an effort to encourage the use of IONM, its demand is expected to surge further in the coming years. In addition, the market is expected to witness rising opportunities in Asia Pacific in the near future. 

Global Intraoperative Neuromonitoring (IONM) Market: Competitive Landscape 

Some of the most prominent enterprises operating in the global intraoperative neuromonitoring market are Biotronic NeuroNetwork, Natus Medical Incorporated, SpecialtyCare, NeuroMonitoring Technologies, LLC, Accurate Monitoring, Medtronic, Sentient Medical Systems, and NuVasive Inc. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?