The Global Neuroendoscopy Devices market was valued $xx Mn in 2020 and is expected to reach $xx Mn in 2026, at a CAGR of xx% during forecast period.
Market Overview & Dynamics:
Neuroendoscopy is a medical procedure of applying an endoscope to the treatment of conditions of the central nervous system. Neuroendoscopy is being increasingly used in brain, spine and skull base pathologies in neurosurgery because of its improved visualization and better illumination. It has been used in wide variety of indications such as cranial cyst (33), hematoma evacuations, infective conditions, endoscopic third ventriculostomy, intraventricular lesions, rhinorrhea, pituitary tumors, etc.
Increasing cases of brain tumor worldwide is expected to drive the Neuroendoscopy devices market.
According to the report by American Society of clinical oncology (ASCO) in 2019 estimated around 23,820 cases of brain tumor in US. Hence, increasing prevalence of such ailments provides growth opportunities for the market. Along with this, increasing trauma and spinal cord injuries caused due to road accidents or any other factor drives the market. Benefits like minimal invasion, faster recovery and less pain than traditional surgery, improved visualization of intraventricular pathology, safer biopsies are escalating the market growth. Modern neuroendoscopic techniques are enabled by, and are dependent upon, purpose built Neuroendoscopes utilizing high-quality optical systems and dedicated instrumentation. Developments in imaging and advanced fiber optics have paved a way for remarkable developments in Neuroendoscopy.
The report covers the detailed analysis of global Neuroendoscopy Devices industry with the classifications of the market based on type, application and usability. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.
The report has profiled eighteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the availability of advanced technology and new product launches are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Neuroendoscopy Devices market Segment Analysis:
The Neuroendoscopy devices market is segmented based on product type, application and usability. Based on the product segment, it mainly consists of two types of endoscopes i.e. rigid and flexible. The rigid endoscope segment is expected to propel the market growth by holding a revenue of xx%. In 2018, rigid endoscopes held a share of nearly 68% as compared to flexible endoscopes. Rigid endoscopes are made of metal tubes containing lenses and light channels for diagnosis. These endoscopes are integrated with a series of high-resolution optical glass rod lenses for enhanced viewing of inaccessible parts of the brain. Rigid neuroendoscopes are used for the treatment of diseases such as cystic lesions, hydrocephalus and intraventricular tumors. Thus, increasing in the prevalence of these diseases drives the market growth.
In addition, these devices are available in lighter and smaller versions.
Consequently, such devices have higher demand especially in the cases of intraventricular surgeries.
On the basis of usability, the disposable segment held a larger revenue of $xx Mn in 2020. It is expected to command over the market in upcoming years. Disposable neuroendoscopes are comparatively cheap compared to reusable devices. The main advantage of using these devices is the reduced risk of infection which contributes in increased usage.
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Global Neuroendoscopy Devices market Future Outlook:
The future of neuroendoscopic surgery is likely to be bright. The field will benefit from further miniaturization of cameras and optical technology, innovations in surgical instrumentation design, the introduction of new navigation or robotics systems, new technological advances such as multiport endoscopic surgery, and an enhanced ability to perform endoscope-assisted microsurgery with bimanual micro dissection. With ongoing development of endoscopic instruments and advanced surgical techniques including multiport approaches, endoscopic surgery will be expanded beyond intraventricular and skull base lesions to intraparenchymal brain lesions. These advances will be important for the future of endoscope-assisted microsurgery.
Global Neuroendoscopy Devices market Regional Analysis:
North America will dominate the global market by holding a share of xx% during forecast period.
Ongoing technological advancements in the healthcare sector and prevalence of brain tumor cases in US augment the market growth in the region. Advantages of these procedure, such as minimal invasive technique offering faster recovery of patients, are among the key factors propelling their adoption in the country.
Asia Pacific is expected as the fastest growing region during forecast period at a CAGR of xx%.
APAC is experiencing fastest growth as the population increasing rapidly more prone to neurological diseases, rising awareness, favorable government policies, increased in healthcare expenditure and modernization in medical infrastructure essentially in developing nations like India, China and Japan.
The report also helps in understanding Global Neuroendoscopy Devices Market dynamics, structure by analyzing the market segments and project the Global Neuroendoscopy Devices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Neuroendoscopy Devices Market make the report investor’s guide.
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Global Neuroendoscopy Devices market, By Region:
• North America
• South America
Global Neuroendoscopy Devices market Key Players:
• B. Braun Medical Inc.
• Karl Storz
• Olympus Corporation
• Zeiss International
• Ackermann Instrumente GmbH
• Clarus Medical LLC
• Schindlerendoskopie technologie GmbH
• Tonglu WANHE Medical Instrument
• Machida Endoscope
• Adeor medical AG
• NEvro Corporation
• Hoya Corporation
• Boston Scientific Corporation
• Johnson & Johnson
• Arthrex Inc.
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