Intraoperative Neuromonitoring Market Set to Soar Past USD 4.22 Billion by 2030 | Skyquest Technology
The global Intraoperative Neuromonitoring market size is expected to reach USD 4.22 billion by 2030 and exhibit a CAGR of 4.9% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing number of surgical procedures, growing awareness about the benefits of neuromonitoring, advancements in technology and equipment, rising demand for improved patient safety and surgical outcomes, and expansion of healthcare infrastructure fuel the Market’s growth.
Westford, USA, Aug. 24, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Intraoperative Neuromonitoring Market, increasing adoption of multimodal monitoring techniques, integration of artificial intelligence and machine learning, development of portable and wireless neuromonitoring devices, rising demand for real-time monitoring and data analysis, expanding applications in various surgical specialities, growing emphasis on personalized medicine and tailored monitoring approaches, integration of neuromonitoring systems with surgical navigation and robotic platforms, increasing focus on remote monitoring and telemedicine capabilities, are the trends that aid in the market’s growth.
Browse in-depth TOC on “Intraoperative Neuromonitoring Market”
- Pages – 165
- Tables – 117
- Figures – 77
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Prominent Players in Intraoperative Neuromonitoring Market
- Amazon Fresh
- Walmart Grocery
- Instacart
- Kroger
- Aldi
- Costco
- Target
- FreshDirect
- Peapod
- Shipt
- Thrive Market
- HEB
- Publix
- Safeway
- Wegmans
- Albertsons
- Trader Joe’s
- Fairway Market
- Whole Foods Market
- Amazon Prime Now
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Systems and Devices Demand to Grow Substantially in the Forecast Period
Systems and Devices dominated the global market due to their comprehensive monitoring capabilities. It also continually undergoes technological advancements to enhance its performance, accuracy, and ease of use. These advancements include improved signal processing algorithms, wireless connectivity, advanced data analysis capabilities, and integration with other surgical platforms. Such advancements make systems and devices more attractive for healthcare providers.
Neurosurgery is the Leading Application Segment
In terms of application, neurosurgery is the leading segment due to its complexity. In addition, neurosurgical procedures often involve interventions near vital areas of the brain and spinal cord, where even minor damage can have significant consequences. Intraoperative neuromonitoring enables real-time assessment and monitoring of neural function, helping surgeons make informed decisions and take immediate corrective actions if necessary. The emphasis on patient safety drives the demand for intraoperative neuromonitoring in neurosurgery.
North America is the leading Market Due to the Technological Advancements
Region-wise, North America is one of the largest growing markets with a huge emphasis on healthcare infrastructure. The The region has well-established healthcare reimbursement systems that provide favorable coverage and reimbursement for medical procedures and devices. The availability of reimbursement for intraoperative neuromonitoring procedures encourages healthcare providers to adopt and utilize these technologies, thereby driving the market growth.
A recent report thoroughly analyzes the major players operating within the Intraoperative Neuromonitoring market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Intraoperative Neuromonitoring.
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Key Developments in Intraoperative Neuromonitoring Market
- Epic Sciences, Inc. expanded its CLIA laboratory menu with the addition of DefineMBC, a novel comprehensive blood-based test for characterizing metastatic breast cancer.
Key Questions Answered in Intraoperative Neuromonitoring Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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