Intraoperative Neuromonitoring Market Explores New Growth Opportunities
Global intraoperative neuromonitoring market is forecasted to reach around $5.5 billion by 2023.
By: P&S Intelligence
In terms of product and services, the intraoperative neuromonitoring market (https://www.psmarketresearch.com/
The global intraoperative neuromonitoring market for brainstem auditory evoked potentials (BAEPs) is expected to witness the fastest growth in demand, registering a CAGR in of around 8% during the forecast period. The other IONM modalities include somatosensory evoked potentials (SSEPs), motor evoked potentials (MEPs), electromyography (EMG), electroencephalography (EEG), and visual evoked potentials (VEPs).
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The IONM applications involve spinal surgery, neurosurgery, vascular surgery, ENT surgery, orthopedic surgery, and other surgeries. Among the available applications of IONM, orthopedic surgery is estimated to witness the fastest growth in demand at a CAGR of 7.9% during the forecast period. By end user, the intraoperative neuromonitoring market is led by hospitals contributing more than $2 billion in 2016. The large number of hospitals is the major factor to its large share in the market.
Asia-Pacific is the potential intraoperative neuromonitoring market for the growth (https://www.psmarketresearch.com/