Nerve Monitoring System Market to Post 4.9% CAGR to 2022, Forecasts M&M in Its New Report Published at MarketPublishers.com
31 Jan 2018 • by Natalie Aster
LONDON – Worldwide, the nerve monitoring system market is poised to grow from USD 1.14 billion in 2017 to amount to USD 1.45 billion by 2022, recording a 4.9% CAGR. The expanding target subject population, clinical benefits related to nerve monitoring techniques, and the increasing usage of nerve monitoring in trauma cases are anticipated to propel the market in the offing. Meantime, the dearth of awareness amongst healthcare professionals is set to hinder the growth of this marketplace.
With respect to product segments, nerve stimulation electrodes and probes will likely register the fastest CAGR through to 2022 due to the rising awareness about the clinical benefits pertaining to nerve monitoring, mushrooming number of critical and complex surgical operations worldwide, and continuous technological developments in the nerve stimulation & monitoring domain.
Technology-wise, the electroencephalography segment grabbed the dominant share of the overall nerve monitoring system market as of 2017.
Geography-wise, North America is poised to demonstrate the fastest growth rate in the coming years owing to a significant uptake of nerve monitoring due to its therapeutic efficacy in surgical procedures.
New topical report “Nerve Monitoring System Market - Global Forecasts to 2022” drawn up by M&M provides an in-depth understanding and analysis of the market, its historical and present performance. The study provides detailed market segmentation based on product, application, technology, end-user sector, and region-wise. It forecasts the revenues of market segments pertaining to the 4 leading regions and pertinent countries. The report identifies and evaluates the factors driving and hindering the market’s growth, examines major opportunities and challenges in the marketplace. It provides a market ranking analysis of the dominant players, and company profiles, and canvasses the overall competitive landscape. The report pinpoints the emerging segments of the market, and detects the high-growth regions. Future outlook for the market is also provided.
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