An intraoperative neuromonitoring (IONM) system represents the products and accessories that can monitor, detect, and confirm nerve function and aid in minimizing the odds of neurological problems during or after surgical procedures. In terms of source type, they can be categorized into insourced monitoring and outsourced monitoring categories. These IONM systems allow neuro-surgeons to identify electrophysiologic changes during head, spine, or neck surgery, which are crucial in extending incisions, positioning limbs, placing implants, and performing retraction techniques, thereby preventing permanent nerve damage and optimizing interventions while preserving function. Consequently, they are extensively used in neuro, ENT, visceral, cardiothoracic, orthopedic, vascular, and other surgeries across countries.
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Report Metric |
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Historical: 2017-2022 |
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Base Year: 2022 |
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Forecast Year: 2023-2028 |
According to the global intraoperative neuromonitoring (IONM) market report by IMARC, the market reached a value of US$ 3.3 Billion in 2022. Looking forward, the market to reach US$ 5.4 Billion by 2028, exhibiting at a CAGR of 4.9% during 2023-2028.
Global Intraoperative Neuromonitoring (IONM) Industry Trends and Drivers:
The growing prevalence of chronic neurovascular disorders, including epilepsy, Parkinson’s disease, and Alzheimer’s disease, and the increasing concerns regarding patient safety during complex surgical procedures are primarily driving the intraoperative neuromonitoring (IONM) market. Furthermore, the shifting preferences toward minimally invasive (MIS) and non-invasive surgeries are also positively influencing the global market. Additionally, the emerging trend of medical tourism across the globe and the rising expenditure by the government bodies, especially in the developing countries, to upgrade the healthcare services are acting as significant growth-inducing factors.
Moreover, the elevating adoption of outsourced monitoring and the expanding geriatric population that is highly susceptible to developing neurological illnesses are further stimulating the market growth. Besides this, the inflating investments in research and development (R&D) activities and the escalating collaborations and joint ventures among the major market players are expected to propel the intraoperative neuromonitoring (IONM) market over the forecasted period.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Intraoperative Neuromonitoring (IONM) Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Accurate Monitoring LLC
- Computational Diagnostics Inc.
- inomed Medizintechnik GmbH
- Intranerve LLC
- Medtronic plc
- Natus Medical Incorporated
- NeuroMonitoring Technologies Inc.
- Neurophysiology Services Asia
- Nihon Kohden Corporation
- NuVasive Inc.
- Specialtycare Inc.
- Technomed.
The report has segmented the market on the basis of region, component, type, asset type, enterprise size and end use industry.
Breakup by Product and Services:
- Systems
- Accessories
- Services
Breakup by Source Type:
- Insourced Monitoring
- Outsourced Monitoring
Breakup by Application:
- Spinal Surgery
- Neurosurgery
- Vascular Surgery
- ENT Surgery
- Orthopedic Surgery
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers (ASCs)
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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