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Albany, NY -- (SBWIRE) -- 04/06/2017 -- Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled "Nerve Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024". Nerve monitoring devices are various implements used to supervise the function of the nervous system during surgeries.
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Global Nerve Monitoring Devices Market
Since neural function is absolutely vital and the risk of inadvertent damage to nerves during several surgeries is moderately high, nerve monitoring devices have gained widespread acceptance in recent years. Nerve monitoring devices monitor the integrity and ensure the continued function of a few key areas, in order to avoid irreparable nerve damage.
The global nerve monitoring devices market is propelled by the increasing number of neural surgeries and the increasing geriatric population, among other factors. The report presents the expected qualitative and quantitative impact of the driving and restraining factors influencing the global nerve monitoring devices in the 2016–2024 forecast period, in addition to data on the competitive and commercial dynamics of the nerve monitoring devices industry.
Global Nerve Monitoring Devices Market: Drivers and Restraints
The major driver of the nerve monitoring devices market is, naturally, the increased number of neural surgeries performed around the world. Due to advancements in our knowledge about the nervous system, increasingly complex neural surgeries can now be performed with near-absolute safety. This has led to a consequent rise in the demand for nerve monitoring devices.
The rising geriatric population around the world is also a significant factor propelling the global nerve monitoring devices market. The elderly are more prone to nervous diseases than their younger counterparts, and the former are also more likely to require surgical interventions than the latter. Both these factors lead increased demand for nerve monitoring devices, since they are used in both neural and other surgeries that present a risk of nerve damage.
Apart from these, the major driving factor propelling the global nerve monitoring devices market is increasing awareness among the global population. The broadening population pool of patients who can afford advanced medical treatments is also boosting the global nerve monitoring devices market.
Global Nerve Monitoring Devices Market: Geographical Overview
The global nerve monitoring devices market is led by North America. The increasing demand for neural surgeries in the region, the high purchasing power of patients in the region, and the firm establishment of major medical research avenues have been the primary drivers for the North America nerve monitoring devices market. The high geriatric population of the region has also helped the expansion of the nerve monitoring devices market.
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Europe was the second-largest market for nerve monitoring devices in 2015. Several governments in Europe have proactively encouraged medical research, which has boosted the neural surgery sector. The Europe and North America markets for nerve monitoring devices are also helped immensely by the heavy public health-care expenditure, as well as the presence of sufficient reimbursement schemes.
In the coming years, though, the increasingly urbanized Asia Pacific market for nerve monitoring devices is expected to emerge as a major regional player in the global market. As health-care infrastructure spreads across developing economies such as China, India, and Japan, advanced medical procedures and devices will become easily available, driving the market for implements such as nerve monitoring devices.
Major players operating in the global nerve monitoring devices market include Medtronic, Nihon Kohden Corporation, Inomed, Dr. Langer Medical GmbH, EMS Biomedical, and Natus Medical Incorporated.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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