Nerve monitoring devices enable surgeons to identify and monitor brain disorders such as brain alterations, spinal cord & peripheral nerve dysfunction, and irreversible nerve damage. In addition, these devices are used in surgeries to supervise the function of the nervous system.
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Rise in neurodegenerative disorders, increase in geriatric population, and growth in number of traumatic brain injuries drive the nerve monitoring devices market. In addition, surge in government support and rise in awareness about neurodegenerative disorders fuel the market growth. However, dearth of skilled personnel and unfavorable reimbursement policies are expected to restrain this growth. Rise in expenditure on healthcare in developing countries and growth in patient awareness for the use of nerve monitoring devices provide new opportunities for the market players.
The nerve monitoring devices market is segmented based on product, technology, and geography. Based on product, it is categorized into monitors, electrodes, and ancillary products. The technology segment includes somatosensory evoked potential, electroencephalogram, transcranial electrical motor evoked potential, brainstem auditory evoked potential, visual evoked potential, and electrocorticography. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
