The North America Neuromonitoring Devices Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
Neuromonitoring devices are medical devices that can record information on a patient's brain's electric signal rate, blood circulation, and oxygen concentration and instantaneously display the results. In hospitals, clinics, and other comparable environments, these gadgets are frequently employed. Doppler ultrasonography, and magnetic resonance imaging are a few of the different types of neuromonitoring equipment available on the market (MRI).
market growth is anticipated to be accelerated by technological developments in the creation of neuromonitoring devices to track patients' brain health. The manufacturing businesses have started investing a significant amount in accelerating their development and research efforts in response to the increasing demand for improved neuromonitoring devices, which has further fueled the market expansion. For example, Rhythmlink International, LLC, a manufacturer of medical equipment, announced Fda approval of its new product line known as sticky pad surface electrodes on February 23, 2021, according to news published on Business Wire, an online news portal.
Neurological disorders are on the rise across the region. Healthcare professionals are taking steps to provide better care for these illnesses. The population of the elderly is also increasing in the area as well. As a result of increased R&D efforts in the healthcare industry and the introduction of neuromodulation devices to the market, the number of Americans 65 and older will more than double to 95 million by 2060, up from 52 million in 2018. As a result, the market is expanding as more healthcare companies pursue research and development.
For instance, in July 2021, the FDA approved the 10 kHz high-frequency spinal cord stimulator therapy offered by Nevro Corporation for the management of persistent pain brought on by severe diabetic neuropathy. The FDA wants to make the regulatory process more open and predictable for those who develop and manufacture neurological medical devices.
The US market dominated the North America Neuromonitoring Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,207.5 million by 2028. The Canada market is anticipated to grow at a CAGR of 9.2% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 8.3% during (2022 - 2028).
Based on Product, the market is segmented into Doppler Ultrasound, EEG, Fetal/Neonatal Neuro-Monitoring Devices, Intracranial Pressure Monitoring, Cerebral Ox meter, Near Infrared Spectroscopy, Speckle Imaging, Micro Ultrasound, and Others. Based on End User, the market is segmented into Government, Energy, Defense, Agriculture & Forestry, Media & Entertainment, Civil Engineering & Archaeology, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Neuromonitoring Devices Market is Estimated to reach $8.2 Billion by 2028, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medtronic PLC, Nihon Kohden Corporation, Natus Medical Incorporated, Nuvasive, Inc., Advanced Brain Monitoring, Inc., Intranerve Neuroscience Holdings, Llc, Specialtycare, and RIMED Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Doppler Ultrasound
- EEG
- Fetal/Neonatal Neuro-Monitoring Devices
- Intracranial Pressure Monitoring
- Cerebral Oximeter
- Near Infrared Spectroscopy
- Speckle Imaging
- Micro Ultrasound
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medtronic PLC
- Nihon Kohden Corporation
- Natus Medical Incorporated
- Nuvasive, Inc.
- Advanced Brain Monitoring, Inc.
- Intranerve Neuroscience Holdings, Llc
- Specialtycare
- RIMED Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Neuromonitoring Devices Market, by Product
1.4.2 North America Neuromonitoring Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Neuromonitoring Device Market
Chapter 4. North America Neuromonitoring Devices Market by Product
4.1 North America Doppler Ultrasound Market by Country
4.2 North America EEG Market by Country
4.3 North America Fetal/Neonatal Neuro-Monitoring Devices Market by Country
4.4 North America Intracranial Pressure Monitoring Market by Country
4.5 North America Cerebral Oximeter Market by Country
4.6 North America Near Infrared Spectroscopy Market by Country
4.7 North America Speckle Imaging Market by Country
4.8 North America Micro Ultrasound Market by Country
4.9 North America Others Market by Country
Chapter 5. North America Neuromonitoring Devices Market by Country
5.1 US Neuromonitoring Devices Market
5.1.1 US Neuromonitoring Devices Market by Product
5.2 Canada Neuromonitoring Devices Market
5.2.1 Canada Neuromonitoring Devices Market by Product
5.3 Mexico Neuromonitoring Devices Market
5.3.1 Mexico Neuromonitoring Devices Market by Product
5.4 Rest of North America Neuromonitoring Devices Market
5.4.1 Rest of North America Neuromonitoring Devices Market by Product
Chapter 6. Company Profiles
6.1 Medtronic PLC
6.1.1 Company overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.1.5 Recent strategies and developments:
6.1.5.1 Approvals and Trials:
6.1.5.2 Acquisition and Mergers:
6.2 NuVasive, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.2.5.2 Approvals and Trials:
6.3 General Electric (GE) Co. (GE Healthcare)
6.3.1 Company Overview
6.3.2 Segmental and Regional Analysis
6.3.3 Research & Development Expense
6.3.4 Recent strategies and developments:
6.3.4.1 Partnerships, Collaborations, and Agreements:
6.3.5 SWOT Analysis
6.4 Natus Medical Incorporated
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Regional & Segmental Analysis
6.4.4 Research & Development Expenses
6.5 Koninklijke Philips N.V.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.5.5 Recent strategies and developments:
6.5.5.1 Acquisition and Mergers:
6.6 SpecialtyCare
6.6.1 Company Overview
6.6.2 Recent strategies and developments:
6.6.2.1 Acquisition and Mergers:
6.7 Nihon Kohden Corporation
6.7.1 Company Overview
6.8 Advanced Brain Monitoring, Inc.
6.8.1 Company Overview
6.9 IntraNerve Neuroscience Holdings, LLC
6.9.1 Company Overview
6.10. Rimed Ltd.
6.10.1 Company Overview
TABLE 1 North America Neuromonitoring Devices Market, 2018 - 2021, USD Million
TABLE 2 North America Neuromonitoring Devices Market, 2022 - 2028, USD Million
TABLE 3 North America Neuromonitoring Devices Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Neuromonitoring Devices Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Doppler Ultrasound Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Doppler Ultrasound Market by Country, 2022 - 2028, USD Million
TABLE 7 North America EEG Market by Country, 2018 - 2021, USD Million
TABLE 8 North America EEG Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Fetal/Neonatal Neuro-Monitoring Devices Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Fetal/Neonatal Neuro-Monitoring Devices Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Intracranial Pressure Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Intracranial Pressure Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Cerebral Oximeter Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Cerebral Oximeter Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Near Infrared Spectroscopy Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Near Infrared Spectroscopy Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Speckle Imaging Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Speckle Imaging Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Micro Ultrasound Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Micro Ultrasound Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Neuromonitoring Devices Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Neuromonitoring Devices Market by Country, 2022 - 2028, USD Million
TABLE 25 US Neuromonitoring Devices Market, 2018 - 2021, USD Million
TABLE 26 US Neuromonitoring Devices Market, 2022 - 2028, USD Million
TABLE 27 US Neuromonitoring Devices Market by Product, 2018 - 2021, USD Million
TABLE 28 US Neuromonitoring Devices Market by Product, 2022 - 2028, USD Million
TABLE 29 Canada Neuromonitoring Devices Market, 2018 - 2021, USD Million
TABLE 30 Canada Neuromonitoring Devices Market, 2022 - 2028, USD Million
TABLE 31 Canada Neuromonitoring Devices Market by Product, 2018 - 2021, USD Million
TABLE 32 Canada Neuromonitoring Devices Market by Product, 2022 - 2028, USD Million
TABLE 33 Mexico Neuromonitoring Devices Market, 2018 - 2021, USD Million
TABLE 34 Mexico Neuromonitoring Devices Market, 2022 - 2028, USD Million
TABLE 35 Mexico Neuromonitoring Devices Market by Product, 2018 - 2021, USD Million
TABLE 36 Mexico Neuromonitoring Devices Market by Product, 2022 - 2028, USD Million
TABLE 37 Rest of North America Neuromonitoring Devices Market, 2018 - 2021, USD Million
TABLE 38 Rest of North America Neuromonitoring Devices Market, 2022 - 2028, USD Million
TABLE 39 Rest of North America Neuromonitoring Devices Market by Product, 2018 - 2021, USD Million
TABLE 40 Rest of North America Neuromonitoring Devices Market by Product, 2022 - 2028, USD Million
TABLE 41 Key Information – Medtronic PLC
TABLE 42 Key Information – NuVasive, Inc.
TABLE 43 Key Information – General Electric (GE) Co.
TABLE 44 Key Information – Natus Medical Incorporated
TABLE 45 Key Information – Koninklijke Philips N.V.
TABLE 46 Key Information – SpecialtyCare
TABLE 47 key Information – Nihon Kohden Corporation
TABLE 48 Key Information – Advanced Brain Monitoring, Inc.
TABLE 49 Key Information – IntraNerve Neuroscience Holdings, LLC
TABLE 50 Key Information – Rimed Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Medtronic Plc
FIG 3 Recent strategies and developments: Nuvasive, Inc.
FIG 4 Swot analysis: General electric (GE) Co.