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Global Nerve Monitoring Devices Market by Technology (EEG, ECoG, Evoked Potential, EMG), by Products (Monitors, Electrodes, Ancillary Products) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MD-75612
  • Author: Up Market Research
  • Rating: 4.6
  • Total Reviews: 72
  • No. Of Pages: 250
  • Format:
  • Pub. Date: 2021-10-21
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Industry Insights

Global nerve monitoring device market was valued at USD 1,001.4million in 2014. It is forecast to grow at 8.9% CAGR over the forecast period. The industry's most important driver is expected to be the rising prevalence of neurological disorders.

The World Health Organization (WHO) has released statistics that show epilepsy is the most common neurological disorder worldwide. It affects approximately 50 million people.

North America's market for nerve monitoring devices, by technology, 2012-2022 (USD million)

Population is rapidly aging. According to WHO statistics, the world's population will almost double between 2015 and 2050, from 12.0% to 22,0%. The main risk factor for neurological disorders is aging. Neurological disorders are responsible for approximately 20% of all adults over 60. Over 6.6% of geriatrics are disabled due to them. The market for nerve monitoring devices is expected to grow rapidly because of the rapid growth in the geriatric population.

This industry is expected to see significant growth with the introduction of technologically advanced products like wearable devices. Market growth will be driven by wearable devices' advantages, such as greater mobility and 24-hour monitoring.

Technology Insights

Key technologies analyzed in this study include Electroencephalography (EEG), Electromyography (EMG), evoked potential, and Electrocorticography (ECoG). Evoked potential includes Transcranial Electrical Motor Evoked Potentials, Somatosensory Evoked Potentials and Brainstem Auditory Evoked Potentials.

Electroencephalography dominated the technology segment with approximately 65.0% share and it is anticipated to witness lucrative growth over the forecast period. Its wide-ranging clinical applications in neurological disorders can explain this. This modality also allows for brain activity to be displayed in real time in milliseconds. It offers higher accuracy.

However, electromyography will also see significant growth due to the rising incidence of neuromuscular conditions such as muscle rheumatism and muscular dystrophies. Electromyography is more accurate than magnetic imaging like Magnetic Resonance Imaging, (MRI). These factors will drive EMG's growth over the forecast period.

Products Insights

The market can be divided by product into electrodes, monitors, and ancillary. The market share for monitors was over 75.0% due to their high price and increased demand.

However, ancillary products like disposable sponge disks and disposable alcohol swabs, disposable filter and electrode creams will see lucrative growth in the forecast period. This is due to the increased use of nerve monitoring systems as well as repeat purchases of these accessories.

Regional Insights

The market can be divided geographically into North America and Europe, Asia-Pacific (Latin America), Latin America, Middle East & Africa, Asia-Pacific (Europe) and Asia-Pacific (Asia-Pacific). This industry was dominated by North America in 2014 with a 45.0% share due to its superior healthcare system. Additionally, favorable reimbursement and rising disposable income are facilitating early diagnosis and prevention, which is driving up the demand for nerve monitoring equipment.

The fastest growing region in the forecast period is Asia Pacific. This industry is expected to grow due to the large untapped potential in emerging economies like India and China. The market for nerve monitoring devices will also benefit from improved healthcare infrastructure and supportive government initiatives.

Competitive Market Insights

Medtronic Plc., NuVasive, Inc., Nihon Kohden, Natus Medical Inc., Langer Medical GmbH, Neurosign Surgery, Neurowave Systems, Cadwell Laboratories, Compumedics Limited, Electrical Geodesics Inc. are some of the key players in this market. This market is witness to key trends such as new product launches, technological advances, and collaborations in order to gain competitive advantage.

Natus Medical Inc., for example, announced in January 2015 that it had acquired Global Neuro-Diagnostics (a provider of home-based EEG tests) and entered the neurodiagnostics market. The acquisition allowed the company to expand its portfolio of neuromonitoring services.

Natus Medical Inc. also acquired Grass Technologies Product Group, a product portfolio that included neurodiagnostics products and monitoring products, from Astro-Med in January 2013. This acquisition allowed the company to expand its EEG system portfolio.

Analyst Perspective

This study covers key technologies and products. The attributes are presented in platforms that can provide insight to distributors, investment banksers, and new entrants. Forecasts and estimates are made using triangulation of data that has been analyzed or obtained through more than one approach or model.

In order to calculate base estimates, the commodity flow approach was used to estimate demand and track movement of products from the manufacturer to their end-use segments. To forecast growth, variable analyzes were performed based on QFD models. Over 100 primary respondents were contacted and their perspectives accounted for.

The market for nerve monitoring devices is dynamic and requires extensive R&D. This study covers a broad range of technology and product types. To ensure that the study is proportional, however, regional scope is limited. You can request customization for any portion of the study.

Up Market Research published a new report titled “Nerve Monitoring Devices Market research report which is segmented by Technology (EEG, ECoG, Evoked Potential, EMG), by Products (Monitors, Electrodes, Ancillary Products), By Players/Companies Compumedics Limited, Inc, Neurowave Systems, NuVasive, Medtronic Plc, Neurosign Surgical, Natus Medical Inc, Langer Medical GmbH, Nihon Kohden, Electrical Geodesics Inc The key trends witnessed in this new product launches, collaborations to gain competitive advantage, technological advancements, Cadwell Laboratories”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleNerve Monitoring Devices Market Research Report
By TechnologyEEG, ECoG, Evoked Potential, EMG
By ProductsMonitors, Electrodes, Ancillary Products
By CompaniesCompumedics Limited, Inc, Neurowave Systems, NuVasive, Medtronic Plc, Neurosign Surgical, Natus Medical Inc, Langer Medical GmbH, Nihon Kohden, Electrical Geodesics Inc The key trends witnessed in this new product launches, collaborations to gain competitive advantage, technological advancements, Cadwell Laboratories
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages250
Number of Tables & Figures175
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Nerve Monitoring Devices Industry Outlook

Global Nerve Monitoring Devices Market Report Segments:

The market is segmented by Technology (EEG, ECoG, Evoked Potential, EMG), by Products (Monitors, Electrodes, Ancillary Products).

Nerve Monitoring Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Nerve Monitoring Devices Market

Overview of the regional outlook of the Nerve Monitoring Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Nerve Monitoring Devices Market Overview

Highlights of The Nerve Monitoring Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Nerve Monitoring Devices Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Technology:

                1. EEG

                2. ECoG

                3. Evoked Potential

                4. EMG

        7. By Products:

                1. Monitors

                2. Electrodes

                3. Ancillary Products

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Nerve Monitoring Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Nerve Monitoring Devices Market Trends

Reasons to Purchase the Nerve Monitoring Devices Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nerve Monitoring Devices Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Nerve Monitoring Devices Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Nerve Monitoring Devices Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Nerve Monitoring Devices Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Nerve Monitoring Devices Market Size & Forecast, 2018-2028 
      4.5.1 Nerve Monitoring Devices Market Size and Y-o-Y Growth 
      4.5.2 Nerve Monitoring Devices Market Absolute $ Opportunity 


Chapter 5 Global Nerve Monitoring Devices Market Analysis and Forecast by Technology
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Technology
      5.1.2 Basis Point Share (BPS) Analysis by Technology
      5.1.3 Absolute $ Opportunity Assessment by Technology
   5.2 Nerve Monitoring Devices Market Size Forecast by Technology
      5.2.1 EEG
      5.2.2 ECoG
      5.2.3 Evoked Potential
      5.2.4 EMG
   5.3 Market Attractiveness Analysis by Technology

Chapter 6 Global Nerve Monitoring Devices Market Analysis and Forecast by Products
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Products
      6.1.2 Basis Point Share (BPS) Analysis by Products
      6.1.3 Absolute $ Opportunity Assessment by Products
   6.2 Nerve Monitoring Devices Market Size Forecast by Products
      6.2.1 Monitors
      6.2.2 Electrodes
      6.2.3 Ancillary Products
   6.3 Market Attractiveness Analysis by Products

Chapter 7 Global Nerve Monitoring Devices Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Nerve Monitoring Devices Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Nerve Monitoring Devices Analysis and Forecast
   9.1 Introduction
   9.2 North America Nerve Monitoring Devices Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Nerve Monitoring Devices Market Size Forecast by Technology
      9.6.1 EEG
      9.6.2 ECoG
      9.6.3 Evoked Potential
      9.6.4 EMG
   9.7 Basis Point Share (BPS) Analysis by Technology 
   9.8 Absolute $ Opportunity Assessment by Technology 
   9.9 Market Attractiveness Analysis by Technology
   9.10 North America Nerve Monitoring Devices Market Size Forecast by Products
      9.10.1 Monitors
      9.10.2 Electrodes
      9.10.3 Ancillary Products
   9.11 Basis Point Share (BPS) Analysis by Products 
   9.12 Absolute $ Opportunity Assessment by Products 
   9.13 Market Attractiveness Analysis by Products

Chapter 10 Europe Nerve Monitoring Devices Analysis and Forecast
   10.1 Introduction
   10.2 Europe Nerve Monitoring Devices Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Nerve Monitoring Devices Market Size Forecast by Technology
      10.6.1 EEG
      10.6.2 ECoG
      10.6.3 Evoked Potential
      10.6.4 EMG
   10.7 Basis Point Share (BPS) Analysis by Technology 
   10.8 Absolute $ Opportunity Assessment by Technology 
   10.9 Market Attractiveness Analysis by Technology
   10.10 Europe Nerve Monitoring Devices Market Size Forecast by Products
      10.10.1 Monitors
      10.10.2 Electrodes
      10.10.3 Ancillary Products
   10.11 Basis Point Share (BPS) Analysis by Products 
   10.12 Absolute $ Opportunity Assessment by Products 
   10.13 Market Attractiveness Analysis by Products

Chapter 11 Asia Pacific Nerve Monitoring Devices Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Nerve Monitoring Devices Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Nerve Monitoring Devices Market Size Forecast by Technology
      11.6.1 EEG
      11.6.2 ECoG
      11.6.3 Evoked Potential
      11.6.4 EMG
   11.7 Basis Point Share (BPS) Analysis by Technology 
   11.8 Absolute $ Opportunity Assessment by Technology 
   11.9 Market Attractiveness Analysis by Technology
   11.10 Asia Pacific Nerve Monitoring Devices Market Size Forecast by Products
      11.10.1 Monitors
      11.10.2 Electrodes
      11.10.3 Ancillary Products
   11.11 Basis Point Share (BPS) Analysis by Products 
   11.12 Absolute $ Opportunity Assessment by Products 
   11.13 Market Attractiveness Analysis by Products

Chapter 12 Latin America Nerve Monitoring Devices Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Nerve Monitoring Devices Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Nerve Monitoring Devices Market Size Forecast by Technology
      12.6.1 EEG
      12.6.2 ECoG
      12.6.3 Evoked Potential
      12.6.4 EMG
   12.7 Basis Point Share (BPS) Analysis by Technology 
   12.8 Absolute $ Opportunity Assessment by Technology 
   12.9 Market Attractiveness Analysis by Technology
   12.10 Latin America Nerve Monitoring Devices Market Size Forecast by Products
      12.10.1 Monitors
      12.10.2 Electrodes
      12.10.3 Ancillary Products
   12.11 Basis Point Share (BPS) Analysis by Products 
   12.12 Absolute $ Opportunity Assessment by Products 
   12.13 Market Attractiveness Analysis by Products

Chapter 13 Middle East & Africa (MEA) Nerve Monitoring Devices Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Nerve Monitoring Devices Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Nerve Monitoring Devices Market Size Forecast by Technology
      13.6.1 EEG
      13.6.2 ECoG
      13.6.3 Evoked Potential
      13.6.4 EMG
   13.7 Basis Point Share (BPS) Analysis by Technology 
   13.8 Absolute $ Opportunity Assessment by Technology 
   13.9 Market Attractiveness Analysis by Technology
   13.10 Middle East & Africa (MEA) Nerve Monitoring Devices Market Size Forecast by Products
      13.10.1 Monitors
      13.10.2 Electrodes
      13.10.3 Ancillary Products
   13.11 Basis Point Share (BPS) Analysis by Products 
   13.12 Absolute $ Opportunity Assessment by Products 
   13.13 Market Attractiveness Analysis by Products

Chapter 14 Competition Landscape 
   14.1 Nerve Monitoring Devices Market: Competitive Dashboard
   14.2 Global Nerve Monitoring Devices Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Compumedics Limited
      14.3.2 Inc
      14.3.3 Neurowave Systems
      14.3.4 NuVasive
      14.3.5 Medtronic Plc
      14.3.6 Neurosign Surgical
      14.3.7 Natus Medical Inc
      14.3.8 Langer Medical GmbH
      14.3.9 Nihon Kohden
      14.3.10 Electrical Geodesics Inc The key trends witnessed in this new product launches
      14.3.11 collaborations to gain competitive advantage
      14.3.12 technological advancements
      14.3.13 Cadwell Laboratories
Segments Covered in the Report
The global Nerve Monitoring Devices market has been segmented based on

By Technology
  • EEG
  • ECoG
  • Evoked Potential
  • EMG
By Products
  • Monitors
  • Electrodes
  • Ancillary Products
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Compumedics Limited
  • Inc
  • Neurowave Systems
  • NuVasive
  • Medtronic Plc
  • Neurosign Surgical
  • Natus Medical Inc
  • Langer Medical GmbH
  • Nihon Kohden
  • Electrical Geodesics Inc The key trends witnessed in this new product launches
  • collaborations to gain competitive advantage
  • technological advancements
  • Cadwell Laboratories

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