Nerve Monitoring Devices Market Is Projected To Grow Rapidly Due To Rising Prevalence Of Neurological Diseases Till 2022: Grand View Research, Inc.
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.
North America nerve monitoring device market, by technology, 2012-2022 (USD Million) |
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.
Browse full
research report on Nerve Monitoring Devices Market: www.grandviewresearch.com/industry-analysis/nerve-monitoring-devices-market
Further key
findings from the report 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.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the nerve monitoring devices market on
the basis of products, technology and region:
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
- Somatosensory
Evoked Potentials (SSEP)
- Transcranial
Electrical Motor Evoked Potentials (TCeMEP)
- Brainstem
Auditory Evoked Potentials (BAEP)
- Visual
Evoked Potentials (VEP)
- Electromyography
(EMG)
- Electrocorticography
(ECoG)
Nerve
Monitoring Devices Regional Outlook (USD million), 2012 – 2020
- North
America
- U.S.
- Mexico
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
- Saudi
Arabia
Access
Press Release By Grand View Research: 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.
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