Neurological Monitoring Device Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Neurological monitoring devices are used to monitor the functional integrity of such neural structures as nerves, spinal cord, and desired parts of the brain. By monitoring of triggered EMG activities in multiple cranial and peripheral nerves, the neurological monitoring devices helps minimize the risk of nerve damage during surgery and identify nerve functions before the end of surgery.
MARKET DYNAMIC
Factors driving the growth of the neurological monitoring device market are the growing burden of neurological disorders, coupled with rising Incidence of traumatic brain injuries. However, the high cost of monitoring devices is expected to hamper the growth of the market. Moreover, increasing number of product approvals and rising healthcare spending is anticipated to boost the market growth.

MARKET SCOPE

The "Neurological Monitoring Device Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of neurological monitoring device market with detailed market segmentation by type, application, and end user. The neurological monitoring device market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in neurological monitoring device market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The neurological monitoring device market is segmented on the basis of type, application, and end user. Based on type, the market is segmented as magnetic resonance imaging (MRI) devices, electroencephalography devices, cerebral oximeters, intracranial pressure monitors, and others. On the basis of application, the market is categorized as traumatic brain injuries, stroke, dementia, epilepsy, Parkinson's disease, and others. On the basis of end-user, the market is categorized as hospitals and clinics, neurological centers and institutions, ambulatory surgical centers, and diagnostic centers.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the neurological monitoring device market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The neurological monitoring device market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting neurological monitoring device market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the neurological monitoring device market in these regions.

MARKET PLAYERS

The report covers key developments in the neurological monitoring device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from neurological monitoring device market are anticipated to have lucrative growth opportunities in the future with the rising demand for neurological monitoring device in the global market. Below mentioned is the list of few companies engaged in the neurological monitoring device market.

The report also includes the profiles of key players in neurological monitoring device market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Natus Medical Inc.
  
•   Philips
  
•   Nihon Kohden Corporation
  
•   GE Healthcare
  
•   Drägerwerk
  
•   Siemens Healthineers
  
•   Medtronic Plc.
  
•   NuVasive, Inc.
  
•   Nihon Kohden
  
•   Langer Medical GmbH
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Neurological Monitoring Device Report Scope