Global Nerve Monitoring Devices Market Forecast - Global nerve monitoring devices market is propelled by the increasing number of neural surgeries. Industry for nerve monitoring devices is also driven by rising geriatric population around the world.
Albany, NY -- (SBWIRE) -- 06/13/2016 -- A new market research study, titled "Nerve Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024," by Transparency Market Research offers a detailed analysis of the market. The study provides a clear understanding of the market, emphasizing on its product portfolio, key drivers, restraints, geographical segmentation, and vendor analysis. The current trends and potential opportunities in the global nerve monitoring devices market are also mentioned in the research report.
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The rising number of neural surgeries being performed across the globe is undoubtedly the major factor fuelling the growth of the nerve monitoring devices market worldwide. The increasing knowledge concerning the human nervous system has resulted in an increased number of complex neural surgeries, which is projected to boost the demand for these devices in the next few years. Furthermore, the growing awareness among the population regarding the availability of advanced medical devices and treatments is expected to propel the global nerve monitoring devices market in the near future.
The growing geriatric population worldwide is also estimated to contribute towards the growth of the global nerve monitoring devices market. The elderly are relatively more prone to nervous disorders than the younger generation, which indirectly demands a greater number of nerve monitoring devices, driving the overall market. Moreover, the growing disposable income and the expanding pool of patients are expected to augment the growth of the market throughout the forecast period.
In 2015, North America dominated the global nerve monitoring devices market owing to the rising demand for neural surgeries and increasing purchasing power of the patients. In addition, the establishment of several medical research hubs is contributing substantially towards the growth of the market in North America. In the same year, Europe held the second-largest position in the global market. The rapid growth of this region can be attributed to the extensive government support for several medical research activities. The favorable reimbursement policies have also benefitted the nerve monitoring devices market in Europe and North America.
The research study on nerve monitoring devices market further offers a clear understanding of the competitive landscape of the market. The product portfolio, financial status, business policies, recent developments, and SWOT analysis of the key players have been mentioned in the report. The prominent players mentioned in the research study include Medtronic, EMS Biomedical, Natus Medical Incorporated, Inomed, Dr. Langer Medical GmbH, and Nihon Kohden Corporation.
The research study covers the past performance and projected statistics of the global nerve monitoring devices market with the help of charts, tables, and infographics to offer a complete understanding of the market. In addition, the study provides recommendations and inputs given by industry experts to help decision-makers in formulating effective business policies.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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