The global Nerve Monitoring Systems Market has been segmented on the basis of product, technology, application, end user, and region. Based on product, the nerve stimulation electrodes and probes segment commanded the largest share of the global nerve monitoring system market in 2017.
Key Questions Addressed in this Report:
# What are the business growth strategies adopted by key market players to maintain their market position across key geographies?
# What is the existing developmental pipeline of major nerve monitoring systems among Medtech manufacturers as well as academia?
# Growing number of trauma based surgical procedures is a key trend in clinical management. What impact trauma based surgical procedures will have on nerve monitoring systems market during the forecast period?
# What alternative technologies/therapies are currently being used for nerve monitoring worldwide? What competition they pose for key nerve monitoring systems market players.
Factors Influencing Global Industry Growth:-
Factors such as increased target patient population, clinical benefits associated with nerve monitoring procedures, and the rising use of nerve monitoring in trauma cases are expected to drive the demand for nerve monitoring products during the study period.
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# Limited Awareness about Nerve Monitoring Among Healthcare Professionals
# Increased Clinical Studies in the Field of Nerve Monitoring
# Emerging Markets
Industry’s Revenue Growth Expectations:
The Global Nerve Monitoring System Market is projected to reach USD 1.45 Billion by 2022 from USD 1.14 Billion in 2017, at a CAGR of 4.9% during the forecast period.
Geographical Growth Scenario:
North America accounted for the largest share of the nerve monitoring system market
Geographically, the nerve monitoring system market is segmented into North America, Europe, Asia, and the Rest of the World. North America is estimated to account for the largest share of the market in 2017, which is driven by the presence of a large patient population accompanied by a well-established medical reimbursement policy.
# Nerve monitoring product manufacturers
# Nerve monitoring product suppliers and distributors
# Contract manufacturers
# Healthcare service providers [including hospitals, surgical centers, and ambulatory surgical centers (ASCs)]
# Research laboratories and academic institutes
# Clinical research organizations (CROs)
# Government regulatory authorities
# Independent associations and non-government organizations
# National and international regulatory authorities
# Market research firms
Leading Market Players:
# Medtronic (Ireland)
# NuVasive (US)
# Nihon Kohden (Japan)
# Bovie Medical (US)
# Natus Medical (US)
# Checkpoint Surgical (US) and many more… Analysis of the market developments between 2015 and 2017 revealed that several growth strategies such as product launches, acquisitions, mergers, and expansions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the nerve monitoring system market. Among these business strategies, mergers and acquisitions, were the most widely adopted growth strategies by players to strengthen their product portfolios and to remain competitive in the market.