How Has the Nerve Monitoring Systems Market Size Evolved in Recent Years?
The nerve monitoring systems market has seen considerable growth due to a variety of factors.
• The nerve monitoring systems market has grown steadily in recent years. It will rise from $1.37 billion in 2024 to $1.46 billion in 2025, with a CAGR of 6.7%.
Growth drivers include advances in surgical techniques, rising emphasis on patient safety, minimally invasive surgeries, improved monitoring technology, and increased demand for precision medicine.
What are the Market Size and Expected Growth Rates for the Nerve Monitoring Systems Market?
The nerve monitoring systems market is expected to maintain its strong growth trajectory in upcoming years.
• The nerve monitoring systems market is expected to grow to $1.87 billion by 2029 at a CAGR of 6.5%.
Growth is attributed to the rising incidence of chronic diseases, an aging population, and growing demand for real-time monitoring during surgeries. Key trends include the integration of AI and machine learning, the development of wearable devices, and the adoption of wireless monitoring technologies.
Which Key Drivers Are Propelling The Nerve Monitoring Systems Market's Growth?
The growing burden of neurological diseases is expected to drive the nerve monitoring system market. Neurological diseases, which affect the brain, spinal cord, and nerves, are on the rise due to aging populations, longer life expectancies, and increased exposure to risk factors like environmental toxins and stress. Nerve monitoring systems are essential during surgery to avoid nerve damage, ensuring the preservation of nerve function and reducing complications. For instance, in September 2024, the Australian Institute of Health and Welfare projected that the number of individuals with dementia in Australia would more than double by 2058, further increasing demand for nerve monitoring systems.
What Are The Key Segments Within The Global Nerve Monitoring Systems Market?
The nerve monitoring systems market covered in this report is segmented –
1) By Product: Nerve Monitor, Electrodes, Probes, Accessories
2) By Technology: Electromyography (EMG), Electroencephalography (EEG), Electrocorticography (ECOG), Evoked Potential (EP)
3) By Application: Neurosurgery, Spine Surgery, ENT Surgery, Cardiovascular Applications, Other Applications
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Nerve Monitor: Standard Nerve Monitors, Advanced Nerve Monitors
2) By Electrodes: Disposable Electrodes, Reusable Electrodes, Surface Electrodes, Needle Electrodes
3) By Probes: Single-Use Probes, Reusable Probes, Catheter Probes, Nerve Stimulator Probes
4) By Accessories: Cables, Connectors, Amplifiers, Software And Interface Modules
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What Trends Are Reshaping The Future Of The Nerve Monitoring Systems Market?
Companies leading the nerve monitoring system industry are concentrating their efforts on creating products that are technologically superior, such as neuromonitoring devices infused with supersonic technology. These advanced products offer enhanced real-time, high-resolution imaging of nerve structures, increasing accuracy and safety during surgical operations. Supersonic technology-integrated neuromonitoring devices use cutting-edge ultrasonic imaging technologies to deliver real-time, high-resolution surveillance of nerve structures and functions during surgery. In a recent development in December 2022, a medical device_company based in Italy, WISE, declared that the US Food and Drug Administration (FDA) have given approval for its product, WISE Cortical Strip (WCS), designed for Intraoperative Neurophysiological Monitoring (IONM). The WCS neuromonitoring device is purposed for use during surgeries and works with other medical devices to record, monitor, and stimulate electrical signals from the brain's surface. The WCS provides a significant advancement from traditional cortical electrodes made from rigid metal discs; instead employing stretchable platinum contacts housed in a lightweight, thin silicone film that fits seamlessly to the brain's surface. The creation of these electrodes involves incorporating flexible electronic circuits into extremely thin elastomeric foils using supersonic technology.
Who Are the Key Players In The Nerve Monitoring Systems Market?
Major companies operating in the nerve monitoring systems market are:
• Medtronic Plc
• Nihon Kohden Corporation
• SpecialityCare Inc.
• NuVasive Inc.
• Halyard Health
• Natus Medical Inc.
• Brainlab AG
• Biotronic NeuroNetwork LLC
• Cadwell Industries Inc.
• Bovie Medical
• Magstim
• Inomed Inc.
• Neuspera Medical Inc.
• Rhythmlink International LLC
• Stimwave LLC
• EMS Handels GmbH
• Checkpoint Surgical Inc.
• Rochester Electro-Medical Inc.
• Sentient Healthcare Inc.
• Erbe Elektromedizin GmbH
• NeuroWave Systems Inc.
• Langer Medical GmbH
• Neurovision Medical Products Inc.
• ProPep Surgical LLC
• SafeOp Surgical Inc.
What Are The Regional Insights Into The Nerve Monitoring Systems Market?
North America was the largest region in the nerve monitoring systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nerve monitoring systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
