Intraoperative Neuromonitoring Market Size, Share, Growth Analysis, By Products and Services(Systems, Accessories, Services), By Source Type(Insourced Monitoring, Outsourced Monitoring), By Application(Spinal Surgery, Neurosurgery, Orthopedic Surgery, ENT Surgery), By Modality(Motor evoked potentials (MEPs), Somatosensory evoked potentials (SSEPs), Electroencephalography (EEG), Electromyography (EMG)), By End User(Hospitals, Ambulatory Surgical Centers (ASCs)), By Region - Industry Forecast 2024-2031

Global Intraoperative Neuromonitoring Market size was valued at USD 3.12 billion in 2022 and is poised to grow from USD 3.27 billion in 2023 to USD 4.76 billion by 2031, growing at a CAGR of 4.8% during the forecast period (2024-2031).

The global intraoperative neuromonitoring market size is expected to enjoy a CAGR of 4.9% between 2022 and 2030. The market technically offers the real-time monitoring and assessment of nervous system during the surgical procedures. The technique assists the surgeons and anesthesiologists to evaluate the integrity and functionality of the nervous system during high-risk surgeries mainly those that may pose a risk to the brain, peripheral nerves, and spinal cord.

The intraoperative neuromonitoring involves techniques such as electromyography, electroencephalography, somatosensory evoked potentials, motor evoked potentials, and others. Clinically, the growing awareness for patient safety followed by technological advancements is expected to remain pivotal for the market growth.
The increasing emphasis on patient safety during difficult surgical procedures, as well as the rising prevalence of chronic disorders such as stroke, epilepsy, Alzheimer's disease, and Parkinson's disease, can be attributed to the market growth. According to the WHO, neurological disorders affect millions of people worldwide as statistically, every year, around 15 million people worldwide suffer from a cerebral stroke. This has contributed to the adoption of neuromonitoring devices and is expected to drive the demand in the forecast years.

US Intraoperative Neuromonitoring Market is poised to grow at a sustainable CAGR for the next forecast year.