Nerve Monitoring Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Monitors, Electrodes, Ancillary Products); Technology (Electroencephalogram, Electrocorticography, Transcranial Electrical Motor Evoked Potential, Brainstem Evoked Potential, Visual Evoked Potential, Somatosensory Evoked Potential) and Geography
Report Code: TIPRE00025010 | No. of Pages: 150 | Category: Medical Device | Status: Upcoming
MARKET OVERVIEW
Nerve monitoring devices help surgeons to identify and monitor brain disorders. The monitored parts usually include the spinal cord, peripheral nerve functions, and the brain. These devices are used during general surgeries and for surgeries of the ear, nose, and throat. Nerve monitoring devices monitor the integrity and ensure the continued function of a few key areas to avoid irreparable nerve damage. As the chances of nerve damage during certain surgeries can be extremely high, therefore the devices help to supervise the function of the nervous system.
MARKET SCOPE
The "Global Nerve Monitoring Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nerve monitoring devices market with detailed market segmentation by product, technology, and geography. The report provides key statistics on the market status of the leading nerve monitoring devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints:
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nerve monitoring devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nerve monitoring devices market in these regions.
IMPACT OF COVID-19 ON NERVE MONITORING DEVICES MARKET
COVID-19 initially began in Wuhan (China) in December 2019, and till now, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has been affecting economies and industries in different countries due to travel bans, lockdowns, and business shutdowns. The shutdown of various plants and factories affected the worldwide supply chains and negatively impacted the nerve monitoring devices market's manufacturing, and sales of products. Few companies have already announced slight delays in their product deliveries and a slump in future sales. Hence, owing to the above-mentioned factors, the pandemic has affected the growth of the market. However, the market may experience growth after the upliftment of imposed restrictive measures and companies resuming their operations and adapting to the new normal.
The report covers key developments in the nerve monitoring devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from nerve monitoring devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for nerve monitoring devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nerve monitoring devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Nerve monitoring devices help surgeons to identify and monitor brain disorders. The monitored parts usually include the spinal cord, peripheral nerve functions, and the brain. These devices are used during general surgeries and for surgeries of the ear, nose, and throat. Nerve monitoring devices monitor the integrity and ensure the continued function of a few key areas to avoid irreparable nerve damage. As the chances of nerve damage during certain surgeries can be extremely high, therefore the devices help to supervise the function of the nervous system.
MARKET SCOPE
The "Global Nerve Monitoring Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nerve monitoring devices market with detailed market segmentation by product, technology, and geography. The report provides key statistics on the market status of the leading nerve monitoring devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global nerve monitoring devices market is segmented into monitors, electrodes, and ancillary products.
- On the basis of technology, the market is bifurcated into electroencephalogram, electrocorticography, transcranial electrical motor evoked potential, brainstem evoked potential, visual evoked potential, and somatosensory evoked potential.
MARKET DYNAMICS
Drivers:
- Rise in the prevalence of neurological diseases.
- The rapid growth of the geriatric population.
- Rise in the traumatic brain injuries cases.
- Rise in the number of neural surgeries worldwide.
- Rise in technologically advanced products.
Restraints:
- Shortage of skilled personnel.
- Unfavorable reimbursement policies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nerve monitoring devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nerve monitoring devices market in these regions.
IMPACT OF COVID-19 ON NERVE MONITORING DEVICES MARKET
COVID-19 initially began in Wuhan (China) in December 2019, and till now, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has been affecting economies and industries in different countries due to travel bans, lockdowns, and business shutdowns. The shutdown of various plants and factories affected the worldwide supply chains and negatively impacted the nerve monitoring devices market's manufacturing, and sales of products. Few companies have already announced slight delays in their product deliveries and a slump in future sales. Hence, owing to the above-mentioned factors, the pandemic has affected the growth of the market. However, the market may experience growth after the upliftment of imposed restrictive measures and companies resuming their operations and adapting to the new normal.
The report covers key developments in the nerve monitoring devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from nerve monitoring devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for nerve monitoring devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nerve monitoring devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Medtronic Plc.
- EMS Biomedical
- Inomed
- Onatus Medical Inc.
- Langer Medical GmbH
- Oneurosign Surgical
- Oneurowave Systems
- OnuVasive, Inc.
- Cadwell Laboratories
- Compumedics Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. Medtronic Plc.
2. EMS Biomedical
3. Inomed
4. Natus Medical Inc.
5. Langer Medical GmbH
6. Neurosign Surgical
7. Neurowave Systems
8. NuVasive, Inc.
9. Cadwell Laboratories
10. Compumedics Limited
1. Medtronic Plc.
2. EMS Biomedical
3. Inomed
4. Natus Medical Inc.
5. Langer Medical GmbH
6. Neurosign Surgical
7. Neurowave Systems
8. NuVasive, Inc.
9. Cadwell Laboratories
10. Compumedics Limited
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