Technavio has announced the top seven leading vendors in its recent intraoperative neuromonitoring market in the US 2016-2020 report. This research report also lists 21 prominent vendors that are expected to impact the market during the forecast period.
Barath Palada, lead analyst at Technavio for patient monitoring devices research, says in a release: “The intraoperative neuromonitoring (IONM) market in the US is highly fragmented with the presence of many manufacturers, local service providers, and implant companies. Vendors need to implement innovative strategies to improve their market positions for example some large companies are developing service-oriented products to remain competitive and stay connected with end-users.”
Biotronic NeuroNetwork was founded in 1978 and is headquartered in Ann Arbor, Mich. It is one of the leading IONM service providers to hospitals and surgeons worldwide. It also provides real-time remote IONM through a secure virtual private network and proprietary software. The company offers several monitoring modalities that are used during therapeutic surgeries in the areas of neurological otolaryngology, orthopedic, and cardiovascular/cardiothoracic operations.
Computational Diagnostics was established in 1988 and is headquartered in Pittsburgh, Pa. The company designs, develops, and markets telemedicine and neurophysiology systems and services in the area of IONM. It provides neuro-monitoring services in the areas of cardiac, spinal, orthopedic, and vascular surgeries, neurosurgery, otolarynology, radiology, and urology. It also provides IONM training services, IONM services, consulting services, and intraoperative physician services. The company’s Neuro Software line, including the Neuro Software Suite, supports remote connection and communication for neurophysiologists and neuro-technologists.
Sentient Medical Systems
Sentient Medical Systems was founded in 1995 and is headquartered in Hunt Valley, Md. The company provides IONM and neuro-diagnostic services in the US. It provides surgical neurophysiologists with devices and tools for all types of surgeries and offers guidance in real time during surgery by the company’s consulting neurologists. It also maintains health records and provides neurophysiological services in the areas of spinal, brain, and vascular surgeries and neuroradiology, data security and storage services, and patient care services. The company continues to expand its reach into other regions of the United States. It provides services to community hospitals and large institutions.
SpecialtyCare was founded in 2006 and is headquartered in Nashville, Tenn. The company outsources clinical services to hospitals and other healthcare providers in the US. These services include neuro-monitoring, surgical assistance, minimally invasive surgical support, autotransfusion, and sterile processing. It helps surgeons improve surgical outcomes and efficiency. The company employs more than 1,500 highly trained and certified surgical clinicians that carry out IONM in more than 350,000 surgeries annually. The company follows a multimodality approach in neuro-monitoring and was the first to develop and publish research findings on spinal cord mapping technique in spine surgeries. It focuses on business expansion through strategic acquisitions of other companies. It acquired ProNerve in April 2015, Insight NeuralMonitoring in February 2012, and NeuroMatrix in June 2012.
Medtronic was founded in 1949 and is headquartered in Dublin, Ireland. The company offers treatment and monitoring solutions in more than 155 countries worldwide. It offers a wide range of IONM products including NIM nerve monitoring systems, APS Electrode, NIM EMG tubes, NIM Standard EMG reinforced endotracheal tubes, NIM Contact EMG-reinforced endotracheal tubes, and NIM Flex EMG endotracheal tubes. The company provides advanced intraoperative NIM nerve monitoring systems to allow surgeons to locate, confirm, and monitor the functions of the motor nerve and help minimize the risk of nerve damage during surgeries.
Natus Medical was established in 1987 and is headquartered in Pleasanton, Calif. The company provides newborn care and neurology healthcare products and services. These products are used to screen, diagnose, detect, treat, monitor, and track medical ailments in the areas of hearing impairment, newborn care, neurological dysfunction, sleep disorders, epilepsy, and balance and mobility disorders. The company obtains a significant portion of its revenue from the sales of disposable supplies that are used in various IONM systems.
NuVasive was incorporated in 1997 and is headquartered in San Diego, Calif. The medical device company develops and markets minimally disruptive surgical products and integrated solutions for the spinal cord and provides neuro-monitoring solutions. Its key product offering includes the MAS platform, which includes three categories of solutions that minimize the risk of soft tissue disruption during spinal fusion and enable favorable patient outcomes. The company has established new offices in Japan and Italy to expand their operations.