Report : Asia Pacific Intraoperative Neuromonitoring Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Systems, Accessories, and Services); Source (Insourced Monitoring, and Outsourced Monitoring); Application (Spinal Surgery, Neurosurgery, Vascular Surgery, ENT Surgery, Orthopedic Surgery, and Other Surgeries); Modality (Motor Evoked Potentials, Somatosensory Evoked Potentials, Electroencephalography, Electromyography, Brainstem Auditory Evoked Potentials, and Visual Evoked Potentials); and End User (Hospitals, and Ambulatory Surgical Centers), and Country
Systems Segment Held Largest Share of Intraoperative Neuromonitoring Market in 2019
According to our new market research study on "Asia Pacific Intraoperative Neuromonitoring Market to 2027 – Regional Analysis and Forecast – by Product, Source, Application, Modality and End User" the market is expected to reach US$ 915.59 million by 2027 from US$ 491.50 million in 2019; it is estimated to grow at a CAGR of 8.2% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific intraoperative neuromonitoring market and the factors driving the market growth along with those hindering it.
In 2019, the systems segment accounted for the largest market share of the intraoperative neuromonitoring market. Systems in intraoperative monitoring are becoming a crucial factor in neurosurgery as it offers an early warning concerning motor & sensory functions during surgery, thus yielding better results and avoiding post-operative neurophysiological deficits. Moreover, market players are developing new products to gain high market share.
The growth of the Asia Pacific intraoperative neuromonitoring market is mainly attributed to grow due to growing population base along with rising prevalence of chronic diseases, increasing healthcare spending, and increasing number of market players expanding their manufacturing units in Asia due to low cost product. The market is this region is expected to grow significantly in countries such as China, Japan, and India during the forecast period. However, the lack of the skilled professional issue is the major factor hindering the market growth in Asia Pacific.
Medtronic; Nihon Kohden Corporation; Natus Medical Incorporated; NuVasive, Inc; and SpecialtyCare; are among the leading companies operating in the Asia Pacific intraoperative neuromonitoring market.
Asia Pacific Intraoperative Neuromonitoring Market, By Country, 2019 (%)
The Report Segments Asia Pacific Intraoperative Neuromonitoring Market as Follows:
Asia Pacific Intraoperative Neuromonitoring Market – By Product
Asia Pacific Intraoperative Neuromonitoring Market – By Source
- Insourced Monitoring
- Outsourced Monitoring
Asia Pacific Intraoperative Neuromonitoring Market – By Application
- Spinal Surgery
- Neurosurgery
- Orthopedic Surgery
- ENT Surgery
- Vascular Surgery
- Other Surgeries
Asia Pacific Intraoperative Neuromonitoring Market – By Modality
- Somatosensory Evoked Potentials
- Motor Evoked Potentials
- Electromyography
- Electroencephalography
- Brainstem Auditory Evoked Potentials
- Visual Evoked Potentials
Asia Pacific Intraoperative Neuromonitoring Market – By End User
Asia Pacific Intraoperative Neuromonitoring Market – By Country
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia