Neuroendoscopy Devices Market: Global Industry Analysis, Growth, Segmentation, Future Outlook and Forecast 2023-2029

Neuroendoscopy Devices Market is expected to grow at a CAGR of 5.9% during the forecast period. Global Neuroendoscopy Devices Market is expected to reach US$ 486.6 Mn. by 2029.
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.To know about the Research Methodology :- Request Free Sample Report
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 2021 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 2018 to 2022 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.
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 2022. 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.
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.
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


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 325.7 Mn.


Forecast Period 2023 to 2029 CAGR:
5.9%
Market Size in 2029:
US $ 486.6 Mn.


 Segments Covered:
by Product
Rigid Neuroendoscopes
Flexible Neuroendoscopes


by Application
Transnasal Neuroendoscopy
Intraventricular Neuroendoscopy
Transcranial Neuroendoscopy


by Usability
Reusable
Disposable



Neuroendoscopy Devices market, by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Neuroendoscopy Devices Market Key Players are:
1. B. Braun Medical Inc.
2. Karl Storz
3. Olympus Corporation
4. Zeiss International
5. Stryker
6. Medtronic.
7. Ackermann Instrumente GmbH
8. Clarus Medical LLC
9. Schindlerendoskopie technologie GmbH
10. Tonglu WANHE Medical Instrument
11. HAWK
12. Machida Endoscope
13. Adeor medical AG
14. NEvro Corporation
15. Hoya Corporation
16. Boston Scientific Corporation
17. Johnson & Johnson
18. Arthrex Inc.
Frequently Asked questions
1. What is the market size of the Global Neuroendoscopy Devices Market in 2022?
Ans. The market size Global market in 2022 was US$ 325.7 Million.

2. What are the different segments of the Global Neuroendoscopy Devices Market?
Ans. The Global market  is divided into Product, Application and Usability.

3. What is the study period of this market?
Ans. The Global market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global Neuroendoscopy Devices Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Neuroendoscopy Devices Market?
Ans. The Forecast Period of the market is 2023-2029 in the market.