 |
North America nerve monitoring device market, by technology, 2012-2022 (USD Million) |
Global nerve Monitoring Devices market is expected to reach USD 1.9 billion
by 2022 according to a new study by Grand View Research Inc. Rising prevalence
of neurological diseases, such as epilepsy, is a vital driver propelling market
growth. Increasing geriatric population is another important driver responsible
for growth of neuromonitoring devices, as these demographics are more prone to
age-related neurodegenerative disorders.
Technological advancements such
as wearable devices, which have better mobility and ability of round-the-clock
monitoring, are expected to bolster the demand for these devices over the
forecast period. Furthermore, large patient pool of neurological disorders is
undiagnosed; hence, government is taking initiatives to promote early
diagnosis, thereby increasing the demand for nerve monitoring devices.
Full Research Report On Nerve Monitoring Devices Market Analysis:
Further key findings from the study
suggest:
·
Electroencephalography was the
largest technology segment in 2014, owing to its wide clinical utility and its
ability to unfold brain activity within milliseconds providing higher accuracy
·
On the contrary,
electromyography is also expected to witness lucrative growth over the forecast
period, attributed to rising prevalence of neuromuscular diseases such as
muscular dystrophies and muscle rheumatism
·
Monitors witnessed a rapid
growth in demand, which resulted in the product accounting for the largest
share in 2014. Ancillary products such as disposable sponge disks, abrasive
gel, alcohol swabs, disposable filter, and electrode creams are expected to
witness substantial growth over the next seven years. Increased usage and
repeat purchases are likely to drive segment growth.
·
North America dominated the regional
nerve monitoring devices market with over 45.0% share in 2014. Advanced
healthcare infrastructure coupled with growing disposable income is anticipated
to drive growth of the market.
·
Asia Pacific is expected to
witness lucrative growth over the forecast period. Presence of high unmet needs
and untapped opportunities in India and China are expected to open up new
avenues for market players.
·
Key players operating in this
market include Medtronic Plc., NuVasive, Inc., Nihon Kohden, Natus Medical
Inc., Langer Medical GmbH, Neurosign Surgical, Neurowave Systems, Cadwell
Laboratories, Compumedics Limited, and Electrical Geodesics Inc. Key trends
witnessed in this market include collaborations to gain competitive advantage,
technological advancements, and new product launches.
·
For instance, in January 2015,
Natus Medical Inc. announced its entry in neurodiagnostics market through the
acquisition of Global Neuro-Diagnostics, a provider of home-based EEG testing.
This acquisition helped the company to widen the portfolio of nerve monitoring
offerings.
View More Reports Of This Category By Grand
View Research At: www.grandviewresearch.com/industry/medical-devices
Global Nerve Monitoring Devices Product
Outlook (USD million), 2012 - 2022
·
Monitors
·
Electrodes
·
Ancillary Products
Global Nerve Monitoring Devices Technology
Outlook (USD million), 2012 - 2022
·
Electroencephalogram (EEG)
·
Evoked Potential
o Somatosensory Evoked Potentials (SSEP)
o Transcranial Electrical Motor Evoked
Potentials (TCeMEP)
o Brainstem Auditory Evoked Potentials (BAEP)
o Visual Evoked Potentials (VEP)
·
Electromyography (EMG)
·
Electrocorticography (ECoG)
Nerve Monitoring Devices Regional Outlook
(USD million), 2012 – 2020
·
North America
o U.S.
o Mexico
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
·
Latin America
o Brazil
o Mexico
·
MEA
o South Africa
o Saudi Arabia
Access
Full Press Release of this Report:www.grandviewresearch.com/press-release/global-nerve-monitoring-devices-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For
more information: https://www.grandviewresearch.com/
