Intra operative monitoring aims basically at diminishing the effect of iatrogenic injuries, that usually occurs post surgeries. Iatrogenic injuries are caused majorly due to themechanical tension on the nerve which occurs because of the faulty positioning during anesthesia. Intra operative neuro monitoring devices are employed to reduce the risk factors involved post operations. These devices make use of various procedures like transcranial stimulation for motor evoked potentials (TcMEP),somatosensory evoked potential (SSEP), electroencephalogram (EEG), and electromyography (EMG). IONM devices are capable of predicting and offering warning signals to the surgeons as a sign for avoiding the serious injuries pertaining to nervous system of the patients.Neurosurgery, vascular surgery, ENT (Ear Nose Throat) surgery, orthopedic, and other general surgeries are normally done after the procedures of intra operative neuro monitoring.
Market value of intra operative monitoring:
The key competitors in the market are Cadwell, Computational Diagnostics, NuVasive, Sentient Medical Systems, Specialty Care, Medtronic and Natus Medical. The global market value of intra operative monitoring systems has increased manifold, and the major market driving factor is the technological advancements that have efficiently taken over the medicinal industry in the past few years. The industry is very progressive due to many reasons. It possibly renders economic savings on the basis of evidence based medicines. Surgeons performing procedures required for supratentorial CNS structures (tumors, aneurysms, etc.), brain stem tumors, intramedullary spinal cord tumors, conus and cauda equina tumors have been obliged to have intra operative neuro monitoring system as a pre-requisite to avoid post surgery complications.The surgical removal of vestibular schwannoma requires the procedure of intra operative monitoring on a standardised basis.However, there is a huge lack of technical experts to handle the systems in this industry.This could effectively alter the market value of this industry and is the major restraint for growth. Market analysts have stated that there could be significant growth in the market despite the restraints. The growth rate is quintessential in order to deter troubles due to the post surgery trauma and other complications consequently leading to the moralities of the patients. Hence, the CompoundAnnual Growth Rate (CAGR) percent is said to increase as per reports.
The combination of Myocardial infarction surgeries with intra operative monitoring systems could reduce complications and serve viably beneficial for the hype of intra operative neuro monitoring systems. The market growth rate is apparently an upward curve due to the undeniable requirement.
The global market analysis of intra operative monitoring systems reveals the space for huge growth in the upcoming years.