The neuroendoscopy devices market is expected to reach USD 203.9 million by 2025. The global market is set to witness a higher CAGR in the forthcoming period. Neuroendoscopy devices market is driven by factors such as rising number in cases of brain tumor and demand for minimally invasive surgeries. In addition, increasing incidences of intraventricular haemorrhage and growth in cases of pituitary tumors are likely to contribute to the market growth in the forecast period. The market witnesses several opportunities in form of rising incidences of brain injury and neural surgeries combined with increase in minimally invasive procedures.
Endoscopy
plays a crucial role in minimally invasive neurosurgery; and in fact,
neuroendoscopy has undergone constant changes following the progress of rigid
endoscopes, flexible and steerable fiberoscopes. Neuroendoscopic techniques
enable neuro-surgeons to achieve intraventricular cystic lesions in a minimally
invasive technique. Determining the operative morbidity and mortality by using
conventional approaches to the lesions, endoscopic surgery offers a safer
outcome owing to the direct inspection of cyst membrane and regularity in
contents. Combining neuroendoscopy with neuronavigation, the inclination
towards robotic technology leads further to the progress in intraventricular
neuroendoscopy.
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Neuroendoscopy
devices market is quadfurcated into surgery, device type, application and
geography. Geographical segmentation for market spans North America, South
America, Europe, Asia-Pacific, Middle East and Africa. North American market is
expected to lead the market growth in the forthcoming period followed by
Europe. North America witnesses rising incidences of pituitary tumors that
demand minimal invasive techniques for rapid recovery in patients. Favorable
reimbursements, rising prevalence of cancer, and rise in investments is likely
to fuel the market growth in the near future.
Asia-Pacific’s
market is expected to gain a positive traction in the forthcoming period due to
untapped potential in the APAC sector and favorable opportunities in Japan,
China, and India. In addition, healthcare insurance, rise in technological
advancements and rise in healthcare expenditure is likely to contribute to the
market growth. European market is expected to gain a moderate CAGR in the
forthcoming period due to rising cases of premature births and improved
healthcare infrastructure is likely to propel the market growth in the
forthcoming period.
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Middle
Eastern regions are expected to gain a higher growth in the forthcoming period
owing to improvisation in maternal care solutions and availability of enhanced
NICU infrastructure. African regions are expected to register a moderate CAGR
in the forthcoming period due to low awareness among the population regarding
health policies by government. In addition, growing cases of infection caused
in people resulting into blood loss is likely to hinder the market growth.
However,
opportunities such as technological advancements and preference for minimally
invasive diagnostics is likely to contribute to the neuroendoscopy devices
market growth in the near future. The key players in the neuroendoscopy devices
industry include B.Braun Medical Inc, Olympus Corporation, Karl Storz, Zeiss
International, Medtronic, and Stryker.
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