Nerve monitoring devices are used to monitor the neurological functioning which in turn reduces the risk of nerve damage during various surgical procedures.
The global nerve monitoring devices market report has been segmented on the basis of product, technology, application, and region. Rising prevalence of neurological diseases is major factor expected to drive the market growth over the forecast period. Furthermore, rapidly growing ageing population is expected to propel the market growth. In addition, technological advancements in nerve monitoring devices is expected to boost the market growth.
Based on technology, the market is segmented based on Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECoG), and Evoked potential (EP). The Electromyography segment is expected to witness rapid growth rate over the forecast period owing to the wide clinical applications in neurological diseases.
Based on application, the market is segmented based on neurosurgery, spine surgery, ENT surgery, and general surgery. The ENT surgery segment is expected to witness rapid growth rate over the forecast period owing to increasing number of ENT surgeries globally.
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Based on region, the global nerve monitoring devices market is segmented into North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and expected to maintain its dominance over the forecast period. Asia Pacific is expected to witness rapid growth rate over the forecast period. This is attributed to the rapidly growing geriatric population. Increasing number of critical and complex surgeries in China and India is excepted to fuel the market growth. Furthermore, improving healthcare infrastructure is expected to propel the Asia Pacific market over the forecast period.
Some prominent players in the global nerve monitoring devices market are Medtronic Plc., NuVasive, Inc., Nihon Kohden Corporation, Inomed, EMS Handels Gesellschaft mbH, Neurosign Surgical, Natus Medical Incorporated, Neurovision Medical Products, Dr. Langer Medical GmbH, and Bovie Medical Corporation