Negative Pressure Wound Therapy Systems Market Report
Negative Pressure Wound Therapy Systems Market Report
Negative Pressure Wound Therapy Systems - Market Insights, Competitive Landscape and Market Forecast-2028
  • Published Date : Apr 2023

  • Pages : 150

  • Delivery Time : 3-5 Business Days

  • Region : Global

Negative Pressure Wound Therapy Systems Market

Negative Pressure Wound Therapy Systems Market By Product Type (Conventional NPWT Devices, Single-Use NPWT Devices), By Wound Type (Pressure Ulcers, Diabetic Ulcers, Venous Ulcers, Others), By End-User (Hospitals, Specialty Clinics, And Others), by geography is expected to grow at a steady CAGR forecast till 2028 owing to the rising incidence of chronic wounds and increase in the aging population.

Global Negative Pressure Wound Therapy Systems (NPWT) Market was valued at USD 3.35 billion in 2022, growing at a CAGR of 5.09% during the forecast period from 2023 to 2028, in order to reach USD 4.50 billion by 2028. Factors such as the rising incidence of chronic wounds associated with various chronic disorders such as diabetes, ulcers, and obesity, and also with the rising incidence of active wounds comprising burns, and surgical wounds, among others are driving the overall market growth. Further, an increase in the aging population, increasing awareness of proper wound care management, rising funding for wound care research, and technological advancements in wound care product offerings are also driving the market.

Negative Pressure Wound Therapy Systems Market

Negative Pressure Wound Therapy Systems Market Dynamics

Negative Pressure Wound Therapy Systems (NPWT) is increasing gradually, one of the main reasons driving the Negative Pressure Wound Therapy Systems (NPWT) market growth is the rising incidence of chronic and acute wounds associated with various disorders. According to the Wound Healing Society, chronic wounds are classified into four categories: pressure ulcers, diabetic ulcers, venous ulcers, and arterial insufficiency ulcers. Chronic wounds have a significant impact on the health and quality of life of patients and their families. They can cause pain, loss of function and mobility, depression, pain and anxiety, shame and social isolation, financial burden, long-term hospitalization and chronic diseases, and even death. Therefore, to properly treat chronic wounds, Negative Pressure Wound Therapy Systems products are required, which in turn is expected to drive the Global Negative Pressure Wound Therapy Systems market.

Another factor driving the demand in the growth of the Negative Pressure Wound Therapy Systems market is the rising geriatric population. According to the United Nations World Population Ageing 2020 Highlights, there were about 727 million people over the age of 65 worldwide in 2020. The aforementioned source further mentioned that the elderly population is expected to double to more than 1.5 billion in the next three decades. The elderly population is more prone to the development of various chronic disorders. Thus, the increasing prevalence of chronic wounds among the aging population is also expected to increase the demand for the Global Negative Pressure Wound Therapy Systems Market.

However, factors such as the cost of these devices are very high and there is a constant risk of infections associated with reusable Negative Pressure Wound Therapy Systems that may inhibit the growth of Negative Pressure Wound Therapy Systems in the market.

Along with the above-mentioned factors, the Negative Pressure Wound Therapy Systems market witnessed a period of temporary setbacks owing to the imposing of the lockdown restrictions as necessary measures to contain the COVID-19 spread. One of the major steps during this was the suspension of numerous elective procedures and outpatient visits which reduced the demand for Negative Pressure Wound Therapy Systems in the market as a large number of surgeries across different medical specialties were suspended during the initial lockdown period, thereby limiting the market growth for a short time. Nevertheless, the market for Negative Pressure Wound Therapy Systems is in the period of recovery with the resumption of activities across various domains including healthcare services owing to the approval and administration of numerous COVID-19 vaccines across the globe, thereby presenting a positive future outlook for the Negative Pressure Wound Therapy Systems market during the forecast period.

Negative Pressure Wound Therapy Systems Market Segment Analysis

Negative Pressure Wound Therapy Systems Market by Product Type (Conventional NPWT Devices, Single-Use NPWT Devices), By Wound Type (Pressure Ulcers, Diabetic Ulcers, Venous Ulcers, Others), By End-User (Hospitals, Specialty Clinics, And Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World)

Based on Product Type, in the Negative Pressure Wound Therapy Systems market, the Single-Use Negative Pressure Wound Therapy Systems are predicted to witness the fastest growth during the forecast period from 2021-2028. The adoption of Single-Use Negative Pressure Wound Therapy Systems is increasing as these devices are convenient to use and lightweight. These devices have reduced the risk of contamination that prevents the patient from costly readmissions. These devices have advanced features like simultaneous irrigation that helps in faster wound healing.

Moreover, a new development in the product lines and new product launches are bolstering the segment growth of the Negative Pressure Wound Therapy Systems market during the forecasted period. For instance, in March 2020 Smith+Nephew announced the US launch of the new PICO 14 Single Use Negative Pressure Wound Therapy System (sNPWT) which has a pump duration of up to 14 days and requires less user intervention. Therefore, their increased demand is expected to contribute to the overall growth of the Negative Pressure Wound Therapy Systems market growth in the coming years.

North America is expected to dominate the Overall Negative Pressure Wound Therapy Systems Market:

Among all the regions, North America is expected to account for the largest share of the Global Negative Pressure Wound Therapy Systems market. This domination can be primarily attributed to the rising prevalence of chronic conditions that ultimately result in chronic, surgical, and traumatic wounds, rising incidence of burn injuries, increase in expenditure on surgical and chronic wounds, and technological advancements in this region.

According to the American Burn Association (ABA) National Burn Repository 2019, flame burns are still the majority of injuries in the US (43%), with scalds second at 34% followed by contact at 9%, electrical burn injuries (4%), chemical (3%) and other (7%). Moreover, diabetic foot ulcers, a type of chronic wound in diabetic patients may also contribute to the market growth in the region due to rising cases of diabetes. For instance, as per the National Diabetes Statistics Report 2021, approximately 34.2 million people have diabetes which comprises 10.5% of the US population. Thus these critical condition is likely to increase the risk of developing chronic wounds thereby augmenting the market for Negative Pressure Wound Therapy Systems market. In addition, rising surgical procedures is also one of the major factors driving the Negative Pressure Wound Therapy Systems market growth.

Furthermore, high disposable income, sophisticated healthcare infrastructure, new product approvals as well as better healthcare facilities and reimbursement programs coupled with the presence of major market players as well as higher investment in the research and development activities in the region are predicted to be the major influencing factors in driving the overall growth of the Negative Pressure Wound Therapy Systems over the forecast period.

In North America, the US is expected to account for the largest share of the Negative Pressure Wound Therapy Systems market. This can be attributed to the increasing cases of wound disorders in the country and the rising geriatric population. As per the United States Census Bureau 2019, in the United States, 3% of the population older than 65 years have open wounds. By the year 2060, the US government estimates that the elderly population will be over 77 million, suggesting that chronic wounds will continue to be an increasingly persistent problem in this population. This increase in the wounds affected population would lead to the increased use of Negative Pressure Wound Therapy Systems in the country which in turn will contribute to the increasing demand for Negative Pressure Wound Therapy Systems thereby aiding in the growth of the Negative Pressure Wound Therapy Systems market in the country and as well as the region.

Therefore, the interplay of various factors such as the presence of a large patient population, encouraging reimbursement policies as well as new product launches in the region are going to boost the North America Negative Pressure Wound Therapy Systems market during the forecast period.

Key Negative Pressure Wound Therapy Systems Companies In The Market

Some of the major Negative Pressure Wound Therapy Systems companies operating in the market include Medtronic, Nihon Kohden Corporation, NuVasive, Inc., Natus Medical Incorporated, Inomed Medizintechnik GmbH, NerveVision, Axon Systems, Sentio LLC, Nervomatrix, Nerve Stim SPA, Bovie Medical Corporation, Neurovision Medical Products, Magstim Company Limited, Neurosign Surgical, Checkpoint Surgical, Inc., EMS Handels Gesellschaft mbH, ORIMtec GmbH, Xavant Technology (Pty) Ltd., NeuroWave Systems Inc., Scopis GmbH, among others.

Recent Developmental Activities in the Negative Pressure Wound Therapy Systems Market:

  • In August 2021, Aatru Medical, LLC announced the US Food and Drug Administration (FDA) 510(k) Class II clearance of the NPSIMS™ Negative Pressure Surgical Incision Management System. The FDA-cleared miniaturized device is designed to help heal open wounds after surgery by sealing and holding them shut using gentle suction.
  • In April 2021, Joerns Healthcare and Medela announced a nationwide partnership to develop access to innovative negative pressure wound therapy systems. Through this agreement, Joerns will expand its wound care portfolio to include the full Medela line of negative pressure wound therapy products, including the Invia Liberty and Invia Motion 60 NPWT Systems.
  • In June 2019, 3M acquired Acelity L.P. Inc. for $6.7 billion to enhance its strategy for advanced wound care solutions and accelerate the penetration of NPWT products internationally.

Report Metrics

Details

Study Period

2020 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

4.17%

Market Size

USD 1.63 Billion by 2028

Key Nerve Monitoring System Companies

Medtronic, Nihon Kohden Corporation, NuVasive, Inc., Natus Medical Incorporated, Inomed Medizintechnik GmbH, NerveVision, Axon Systems, Sentio LLC, Nervomatrix, Nerve Stim SPA, Bovie Medical Corporation , Neurovision Medical Products, Magstim Company Limited, Neurosign Surgical, Checkpoint Surgical, Inc., EMS Handels Gesellschaft mbH, ORIMtec GmbH, Xavant Technology (Pty) Ltd., NeuroWave Systems Inc., Scopis GmbH, and Many Others.

Key Takeaways from the Negative Pressure Wound Therapy Systems Market Report Study

  • Market size analysis for Negative Pressure Wound Therapy Systems market size (2022), and market forecast for 5 years (2023-2028)
  • The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Negative Pressure Wound Therapy Systems market.
  • Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
  • Key companies dominating the global Negative Pressure Wound Therapy Systems market.
  • Various opportunities are available for the other competitor in the Negative Pressure Wound Therapy Systems market space.
  • What are the top-performing segments in 2022? How these segments will perform in 2028?
  • Which are the top-performing regions and countries in the current Negative Pressure Wound Therapy Systems market scenario?
  • Which are the regions and countries where companies should have concentrated on opportunities for Negative Pressure Wound Therapy Systems market growth in the coming future?

Target Audience who can be benefited from Negative Pressure Wound Therapy Systems Market Report Study

  • Negative Pressure Wound Therapy Systems products providers
  • Research organizations and consulting companies
  • Negative Pressure Wound Therapy Systems -related organizations, associations, forums, and other alliances
  • Government and corporate offices
  • Start-up companies, venture capitalists, and private equity firms
  • Distributors and Traders dealing in Negative Pressure Wound Therapy Systems
  • Various End-users who want to know more about the Negative Pressure Wound Therapy Systems market and the latest technological developments in the Negative Pressure Wound Therapy Systems market.

1. Negative Pressure Wound Therapy Systems Market Report Introduction

2. Negative Pressure Wound Therapy Systems Market Executive Summary

2.1. Scope of the Study

2.2. Market at Glance

2.3. Competitive Assessment

3. Regulatory and Patent Analysis

3.1. The United States

3.2. Europe

3.3. Japan

3.4. China

4. Negative Pressure Wound Therapy Systems Market Key Factors Analysis

4.1. Negative Pressure Wound Therapy Systems Market Drivers

4.1.1. The Rising Incidence of Chronic and Acute Wounds

4.1.2. Increasing Awareness of Proper Wound Care Management

4.1.3. Growing Aging Population

4.1.4. Technological Advancements in Wound Care Product Offerings

4.2. Negative Pressure Wound Therapy Systems Market Restraints and Challenges

4.2.1. High Cost of NPWT systems

4.2.2. Risk of Infections Associated with Reusable Negative Pressure Wound Therapy Systems

4.3. Negative Pressure Wound Therapy Systems Market Opportunities

4.3.1. Growing market potential in the wound care market

4.3.2. Faster Adoption of Single-use Negative Pressure Wound Therapy Systems

5. Negative Pressure Wound Therapy Systems Market Porter’s Five Forces Analysis

5.1. Bargaining Power of Suppliers

5.2. Bargaining Power of Consumers

5.3. Threat of New Entrants

5.4. Threat of Substitutes

5.5. Competitive Rivalry

6. COVID-19 Impact Analysis on Negative Pressure Wound Therapy Systems Market

7. Negative Pressure Wound Therapy Systems Market Layout

7.1. By Product Type

7.1.1. Conventional NPWT Devices

7.1.2. Single-Use NPWT Devices

7.2. By Wound Type

7.2.1. Pressure Ulcers

7.2.2. Diabetic Ulcers

7.2.3. Venous Ulcers

7.2.4. Others

7.3. By End User

7.3.1. Hospitals

7.3.2. Specialty Clinics

7.3.3. Others

7.4. By Geography

7.4.1. North America

7.4.1.1. United States

7.4.1.2. Canada

7.4.1.3. Mexico

7.4.2. Europe

7.4.2.1. France

7.4.2.2. Germany

7.4.2.3. United Kingdom

7.4.2.4. Italy

7.4.2.5. Spain

7.4.2.6. Rest of Europe

7.4.3. Asia-Pacific

7.4.3.1. China

7.4.3.2. Japan

7.4.3.3. India

7.4.3.4. Australia

7.4.3.5. South Korea

7.4.3.6. Rest of Asia Pacific

7.4.4. Rest of the World (RoW)

7.4.4.1. Middle East

7.4.4.2. Africa

7.4.4.3. South America

8. Negative Pressure Wound Therapy Systems Market Company and Product Profiles

8.1. 3M

8.1.1. Company Overview

8.1.2. Company Snapshot

8.1.3. Financial Overview

8.1.4. Product Listing

8.1.5. Entropy

8.2. Cardinal Health

8.2.1. Company Overview

8.2.2. Company Snapshot

8.2.3. Financial Overview

8.2.4. Product Listing

8.2.5. Entropy

8.3. ConvaTec Group PLC

8.3.1. Company Overview

8.3.2. Company Snapshot

8.3.3. Financial Overview

8.3.4. Product Listing

8.3.5. Entropy

8.4. DeRoyal Industries, Inc.

8.4.1. Company Overview

8.4.2. Company Snapshot

8.4.3. Financial Overview

8.4.4. Product Listing

8.4.5. Entropy

8.5. Devon Group

8.5.1. Company Overview

8.5.2. Company Snapshot

8.5.3. Financial Overview

8.5.4. Product Listing

8.5.5. Entropy

8.6. Medela AG

8.6.1. Company Overview

8.6.2. Company Snapshot

8.6.3. Financial Overview

8.6.4. Product Listing

8.6.5. Entropy

8.7. Smith & Nephew PLC

8.7.1. Company Overview

8.7.2. Company Snapshot

8.7.3. Financial Overview

8.7.4. Product Listing

8.7.5. Entropy

8.8. Mölnlycke Health Care AB

8.8.1. Company Overview

8.8.2. Company Snapshot

8.8.3. Financial Overview

8.8.4. Product Listing

8.8.5. Entropy

8.9. Talley Group Ltd.

8.9.1. Company Overview

8.9.2. Company Snapshot

8.9.3. Financial Overview

8.9.4. Product Listing

8.9.5. Entropy

8.10. Accel-Heal Technologies Ltd.

8.10.1. Company Overview

8.10.2. Company Snapshot

8.10.3. Financial Overview

8.10.4. Product Listing

8.10.5. Entropy

8.11. B. Braun Melsungen AG

8.11.1. Company Overview

8.11.2. Company Snapshot

8.11.3. Financial Overview

8.11.4. Product Listing

8.11.5. Entropy

8.12. Lohmann & Rauscher

8.12.1. Company Overview

8.12.2. Company Snapshot

8.12.3. Financial Overview

8.12.4. Product Listing

8.12.5. Entropy

8.13. Cenefom Corp.

8.13.1. Company Overview

8.13.2. Company Snapshot

8.13.3. Financial Overview

8.13.4. Product Listing

8.13.5. Entropy

8.14. PAUL HARTMANN Asia-Pacific Ltd.

8.14.1. Company Overview

8.14.2. Company Snapshot

8.14.3. Financial Overview

8.14.4. Product Listing

8.14.5. Entropy

8.15. Carilex Medical

8.15.1. Company Overview

8.15.2. Company Snapshot

8.15.3. Financial Overview

8.15.4. Product Listing

8.15.5. Entropy

8.16. Chongqing Sunshine Medical Industry and Trading Co., Ltd.

8.16.1. Company Overview

8.16.2. Company Snapshot

8.16.3. Financial Overview

8.16.4. Product Listing

8.16.5. Entropy

8.17. Foryou Medical Electronics Co., Ltd.

8.17.1. Company Overview

8.17.2. Company Snapshot

8.17.3. Financial Overview

8.17.4. Product Listing

8.17.5. Entropy

8.18. Innovative Therapies

8.18.1. Company Overview

8.18.2. Company Snapshot

8.18.3. Financial Overview

8.18.4. Product Listing

8.18.5. Entropy

8.19. Genadyne

8.19.1. Company Overview

8.19.2. Company Snapshot

8.19.3. Financial Overview

8.19.4. Product Listing

8.19.5. Entropy

8.20. Cork Medical, LLC

8.20.1. Company Overview

8.20.2. Company Snapshot

8.20.3. Financial Overview

8.20.4. Product Listing

8.20.5 Entropy

9. KOL Views

10. Project Approach

11. About DelveInsight

12. Disclaimer & Contact Us

List of Tables:

  • Table 1: Competitive Analysis
  • Table 2: COVID-19 Impact Analysis on Negative Pressure Wound Therapy Systems Market
  • Table 3: Negative Pressure Wound Therapy Systems Market Analysis in Global (2020-2028)
  • Table 4: Negative Pressure Wound Therapy Systems Market Analysis in Global by Product Type (2020-2028)
  • Table 5: Negative Pressure Wound Therapy Systems Market Analysis in Global by Wound Type (2020-2028)
  • Table 6: Negative Pressure Wound Therapy Systems Market Analysis in Global by End User (2020-2028)
  • Table 7: Negative Pressure Wound Therapy Systems Market Analysis in Global by Geography (2020-2028)
  • Table 8: Negative Pressure Wound Therapy Systems Market Analysis in North America (2020-2028)
  • Table 9: Negative Pressure Wound Therapy Systems Market Analysis in the US (2020-2028)
  • Table 10: Negative Pressure Wound Therapy Systems Market Analysis in Canada (2020-2028)
  • Table 11: Negative Pressure Wound Therapy Systems Market Analysis in Mexico (2020-2028)
  • Table 12: Negative Pressure Wound Therapy Systems Market Analysis in Europe (2020-2028)
  • Table 13: Negative Pressure Wound Therapy Systems Market Analysis in France (2020-2028)
  • Table 14: Negative Pressure Wound Therapy Systems Market Analysis in Germany (2020-2028)
  • Table 15: Negative Pressure Wound Therapy Systems Market Analysis in the UK (2020-2028)
  • Table 16: Negative Pressure Wound Therapy Systems Market Analysis in Italy (2020-2028)
  • Table 17: Negative Pressure Wound Therapy Systems Market Analysis in Spain (2020-2028)
  • Table 18: Negative Pressure Wound Therapy Systems Market Analysis in Rest of Europe (2020-2028)
  • Table 19: Negative Pressure Wound Therapy Systems Market Analysis in Asia Pacific (2020-2028)
  • Table 20: Negative Pressure Wound Therapy Systems Market Analysis in China (2020-2028)
  • Table 21: Negative Pressure Wound Therapy Systems Market Analysis in Japan (2020-2028)
  • Table 22: Negative Pressure Wound Therapy Systems Market Analysis in India (2020-2028)
  • Table 23: Negative Pressure Wound Therapy Systems Market Analysis in Australia (2020-2028)
  • Table 24: Negative Pressure Wound Therapy Systems Market Analysis in South Korea (2020-2028)
  • Table 25: Negative Pressure Wound Therapy Systems Market Analysis in Rest of Asia Pacific (2020-2028)
  • Table 26: Negative Pressure Wound Therapy Systems Market Analysis in the Rest of the World (2020-2028)
  • Table 27: Negative Pressure Wound Therapy Systems Market Analysis in the Middle East (2020-2028)
  • Table 28: Negative Pressure Wound Therapy Systems Market Analysis in Africa (2020-2028)
  • Table 29: Negative Pressure Wound Therapy Systems Market Analysis in South America (2020-2028)

List of Figures:

  • Figure 1: Competitive Analysis
  • Figure 2: COVID-19 Impact Analysis on Negative Pressure Wound Therapy Systems Market
  • Figure 3: Negative Pressure Wound Therapy Systems Market Analysis in Global (2020-2028)
  • Figure 4: Negative Pressure Wound Therapy Systems Market Analysis in Global by Product Type (2020-2028)
  • Figure 5: Negative Pressure Wound Therapy Systems Market Analysis in Global by Wound Type (2020-2028)
  • Figure 6: Negative Pressure Wound Therapy Systems Market Analysis in Global by End User (2020-2028)
  • Figure 7: Negative Pressure Wound Therapy Systems Market Analysis in Global by Geography (2020-2028)
  • Figure 8: Negative Pressure Wound Therapy Systems Market Analysis in North America (2020-2028)
  • Figure 9: Negative Pressure Wound Therapy Systems Market Analysis in the US (2020-2028)
  • Figure 10: Negative Pressure Wound Therapy Systems Market Analysis in Canada (2020-2028)
  • Figure 11: Negative Pressure Wound Therapy Systems Market Analysis in Mexico (2020-2028)
  • Figure 12: Negative Pressure Wound Therapy Systems Market Analysis in Europe (2020-2028)
  • Figure 13: Negative Pressure Wound Therapy Systems Market Analysis in France (2020-2028)
  • Figure 14: Negative Pressure Wound Therapy Systems Market Analysis in Germany (2020-2028)
  • Figure 15: Negative Pressure Wound Therapy Systems Market Analysis in the UK (2020-2028)
  • Figure 16: Negative Pressure Wound Therapy Systems Market Analysis in Italy (2020-2028)
  • Figure 17: Negative Pressure Wound Therapy Systems Market Analysis in Spain (2020-2028)
  • Figure 18: Negative Pressure Wound Therapy Systems Market Analysis in Rest of Europe (2020-2028)
  • Figure 19: Negative Pressure Wound Therapy Systems Market Analysis in Asia Pacific (2020-2028)
  • Figure 20: Negative Pressure Wound Therapy Systems Market Analysis in China (2020-2028)
  • Figure 21: Negative Pressure Wound Therapy Systems Market Analysis in Japan (2020-2028)
  • Figure 22: Negative Pressure Wound Therapy Systems Market Analysis in India (2020-2028)
  • Figure 23: Negative Pressure Wound Therapy Systems Market Analysis in Australia (2020-2028)
  • Figure 24: Negative Pressure Wound Therapy Systems Market Analysis in South Korea (2020-2028)
  • Figure 25: Negative Pressure Wound Therapy Systems Market Analysis in Rest of Asia Pacific (2020-2028)
  • Figure 26: Negative Pressure Wound Therapy Systems Market Analysis in the Rest of the World (2020-2028)
  • Figure 27: Negative Pressure Wound Therapy Systems Market Analysis in the Middle East (2020-2028)
  • Figure 28: Negative Pressure Wound Therapy Systems Market Analysis in Africa (2020-2028)
  • Figure 29: Negative Pressure Wound Therapy Systems Market Analysis in South America (2020-2028)
  • Figure 30: Market Drivers
  • Figure 31: Market Barriers
  • Figure 32: Market Opportunities
  • Figure 33: PORTER'S Five Force Analysis

List of Companies:

  • 3M
    Cardinal Health
    ConvaTec Group PLC
    DeRoyal Industries, Inc.
    Devon Group
    Medela AG
    Smith & Nephew PL
    Mölnlycke Health Care AB
    Direct Healthcare Group
    Accel-Heal Technologies Ltd.
    B. Braun Melsungen AG
    Lohmann & Rauscher
    Cenefom Corp.
    PAUL HARTMANN Asia-Pacific Ltd.
    Carilex Medical
    Chongqing Sunshine Medical Industry and Trading Co., Ltd
    Foryou Medical Electronics Co., Ltd.
    OncoVista Innovative Therapies
    Genadyne
    Cork Medical, LLC

Frequently Asked Questions

A Nerve Monitoring System is a medical tool used in operations and procedures to check the health and efficiency of nerves. It is mostly used in procedures that put patients at risk for nerve damage, including spinal, thyroid, facial nerve, and several head and neck surgeries.

The Global Nerve Monitoring System Market was valued at USD 1.28 billion in 2021, growing at a CAGR of 4.71% during the forecast period from 2023 to 2028, to reach USD 1.63 billion by 2028.

Some of the Key Nerve Monitoring System companies in the Market include Medtronic, Nihon Kohden Corporation, NuVasive, Inc., Natus Medical Incorporated, Inomed Medizintechnik GmbH, NerveVision, Axon Systems, Sentio LLC, Nervomatrix, Nerve Stim SPA, Bovie Medical Corporation, Neurovision Medical Products, Magstim Company Limited, Neurosign Surgical, Checkpoint Surgical, Inc., EMS Handels Gesellschaft mbH, ORIMtec GmbH, Xavant Technology (Pty) Ltd., NeuroWave Systems Inc., Scopis GmbH, and many others.

Key strengths of Nerve Monitoring System Market Report are 05 Years Forecast, Global Coverage, Competitive Landscape, Market Size, Market Segmentation, Market Company Profiles, Market PORTER’s Five Forces Analysis, and Market Share.

North America is expected to dominate the overall market during the forecast period, 2023 to 2028. This domination is due to the growing demand for advanced technologies in the Nerve Monitoring System. The increased diseases in the region are driving the growth of the Nerve Monitoring System market.

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