Research Nester has released a report titled “Western Europe Intraoperative Neuromonitoring (IONM) Electromyograph (EMG) Devices Market: Demand Analysis & Opportunity Outlook 2029″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The International Agency for Research on Cancer, in one of its statistics, stated that, the number of new cases of thyroid cancer amongst males in Europe between the age group of 0 to over 85 years old, is projected to touch 20.1 Thousands by 2040 from 19.3 Thousands in 2020.
The statistics portray the growing incidences of thyroid cancers in Europe. IONM devices are widely preferred by healthcare specialists for thyroid surgeries and parathyroid surgeries as these devices have greater efficacy and also possesses lower risk of damage to the nervous system. Owing to the numerous benefits associated with these devices, the demand for IONM electromyograph (EMG) devices is going to increase significantly, and in turn drive the growth of the market in the coming years. The Western Europe intraoperative neuromonitoring (IONM) electromyograph (EMG) devices market is anticipated to grow with a CAGR of 7.4% during 2020-2029. The market is estimated to garner a revenue of USD 140650 Thousand by the end of 2029, up from a revenue of USD 73902.2 Thousand in 2020.
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The Western Europe intraoperative neuromonitoring (IONM) electromyograph (EMG) devices market is segmented on the basis of end-user into hospital, ambulatory surgery centers, and others. Amongst these segments, the hospital segment is anticipated to grow with a CAGR of 7.5% during the forecast period and further garner the largest market revenue of USD 81428 Thousand by the end of 2029.
On the basis of geographical analysis, the market is segmented into into Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, and the Rest of Western Europe countries, out of which, the market in Germany garnered the largest market revenue of USD 12267.7 Thousands in the year 2020 and is further projected to reach a revenue of USD 26306.7 Thousand by the end of 2029.
However, the high price of IONM is one of the major factors anticipated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the Western Europe intraoperative neuromonitoring (IONM) electromyograph (EMG) devices market, which includes company profiling of inomed Medizintechnik GmbH, Dr. Langer Medical GmbH, Neurosign, Medtronic plc, and others.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Western Europe Intraoperative Neuromonitoring (IONM) Electromyograph (EMG) Devices Market: Demand Analysis & Opportunity Outlook 2029”, analyses the overall Western Europe intraoperative neuromonitoring (IONM) electromyograph (EMG) devices industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Western Europe intraoperative neuromonitoring (IONM) electromyograph (EMG) devices market in the near future.
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