The Growing Nerve Monitoring System Market is Driven by Rising...

The Growing Nerve Monitoring System Market is Driven by Rising Prevalence of Neurological Disorders

Posted 2024-05-15 12:51:08

The nerve monitoring system market offers a comprehensive range of products that help monitor and detect nerve injury or damage during surgical procedures. These systems play an important role in reducing surgical risks by ensuring nerve integrity. They help reduce the risk of nerve injury during complex surgical procedures involving the nervous system such as spinal, ENT and neurosurgery. The increase in aging population suffering from neurological disorders/conditions like Parkinson's disease, Multiple sclerosis, epilepsy etc. has boosted the demand for advanced nerve monitoring systems.

The global nerve monitoring system market is estimated to be valued at US$ 2.38 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Nerve Monitoring System Market Size are Medtronic, Natus Medical, Inomed, NIHON KOHDEN CORPORATION, Checkpoint Surgical Inc., Magstim, Bovie Medical, Halyard Health, Neurovision Medical, NuVasive, Inc., Stimwave Technologies, Neuspera Medical, Langer Medical GmbH, Neurosign, Cadwell Laboratories, Compumedics Limited, Electrical Geodesics Inc.

The growing prevalence of neurological disorders coupled with increasing number of surgical procedures has augmented the demand for nerve monitoring systems across the globe. Continuous product innovation and increasing investments by manufacturers to develop advanced systems have further boosted market growth.

Geographic expansion into emerging markets through acquisitions, collaborations, partnerships will help key players consolidate their market presence. Countries with large patient pools and developing healthcare infrastructure like China, India offer immense opportunities for market players.

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