The IONM market for neural surgeries is expected to dominate the North American IONM Market.
The IONM Market in North America – Industry Outlook and Forecast, a latest report by Arizton Advisory & Intelligence, states that the neurosurgery segment will dominate the overall market by contributing the maximum revenue. The report includes an in-depth analysis of the North American IONM market and its market dynamics for the period 2016−2022.
The neural surgeries (including spinal procedures) segment accounted for more than 54% of the North American IONM market in 2016. Some of the primary factors responsible for the highest market share of neural surgeries include the following:
- Increased penetration and high utilization of IONM techniques for varied neural surgeries
- Large surgical patient pool with neurological deformities
- High prevalence of neural disorders including brain and nervous system tumors
- High burden of neurological diseases
The incidence of several neurological disorders, including brain and spinal cord tumors, is projected to rise markedly in this decade. For instance, according to GLOBOCAN 2012, the incidence of brain and other nervous system tumors in the US and Canada together is projected to increase.
Surgeries pertaining to the nervous system, including spinal procedures, are increasing across the world, including developed and developing countries due to increased disease burden. Advances in medical diagnostics and advent of innovative surgical techniques have also increased the scope of surgeries and are contributing to the rise in neurosurgical volume.
The report also includes the market size and forecast for various segments of the North American IONM Market which includes:
- Evoked Potential (EP)
- Electromyography (EMG)
- Electroencephalography (EEG))
- Orthopedic surgery,
- ENT surgery,
- Cardiovascular surgery
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