The ‘Global Neuroendoscopy Devices Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global neuroendoscopy devices market, assessing the market based on its segments like product types, applications, end-users, and regions.
Neuroendoscopy Devices Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): More than USD 133.95 Million
• Forecast CAGR (2023-2028): 6.90%
Neuroendoscopy can be defined as a minimal intrusive procedure utilised in several medical situations like brain tumours, spinal cord-linked ailments, central nervous system cancer, and several others. Neuroendoscopy tools aid in removing brain tumours, CFS rhinorrhea, among others, effectively in a lesser amount of time.
The minimal intrusive facility offered by these devices is propelling the expansion of the global neuroendoscopy devices market. With the help of specialised devices to conduct neuroendoscopy procedures, doctors or healthcare specialists are able to improve the quality of visualisation, deliver improved results, lessening the chances of tissue disorders, and decrease the duration of hospital stay.
In addition, the escalated demand for neuroendoscopy devices to cure several ailments and conditions such as intrave ntricular tumours, craniosynostosis, cysts, skull base lesions, and brain tumours, is resulting in the neuroendoscopy devices market development.
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Furthermore, the rise in the prevalence of brain tumours, a huge population of patients, and beneficials initiatives for better health for general public are all leading to the expansion of the market. Moreover, the market is also being motivated by the heightened disposable income and advancing healthcare infrastructure.
Neuroendoscopy devices are also an essential kind of therapy utilised by medical professionals as they have superior resolution optical lenses which provide great vision of the complex structures of brain and a comprehensive view of the internal and external part of the spinal cord. Hence, such factors contribute to the increase in the demand for neuroendoscopy devices.
Neuroendoscopy Devices Industry Definition and Major Segments
Neuroendoscopy devices are the medical instruments employed for the minimal intrusive techniques in the surgery for brain to get rid of tumours. With negligible or no scars, a neuroendoscopic camera directed to the brain enables the doctors to verify the medical problems that need to be treated. This entire procedure causes minimum harm to normal structures and includes lesser difficulties, quicker recovery, and lesser scarring in comparison to the conventional procedure of the brain surgery.
Based on product types, the neuroendoscopy devices market can be segmented into:
• Rigid Neuroendoscopes
• Flexible Neuroendoscopes
On the basis of applications, the market has been classified into:
• Transnasal Neuroendoscopy
• Intraventricular Neuroendoscopy
• Transcranial Neuroendoscopy
Based on end-users, the market has been classified into:
• Hospitals and Clinics
• Medical Research Centres
Based on regions, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Neuroendoscopy Devices Market Trends
Research initiatives taken by the neuroendoscopy devices market leading players are leading to the technological development of neuroendoscopy devices to bring about additional enhancements in their performance. Such upgradations consist of smartphones enabled neuroendoscopy devices that are convenient to use and are economical.
Even though both rigid and flexible neuroendoscopes are utilised in the neuroendoscopic procedures, rigid neuroendoscopes have been observing an elevated demand.
Rigid neuroendoscope offers superior quality images which helps in facilitating easy passageway for instruments. One such example of such a device is angled rigid neuroendoscope that is a commonly used device owing to its high-level imaging ability.
In the meantime, flexible neuroendoscopes segment is also anticipated to see a constant development through the forecast period largely owing to the use of transparent fibres in these devices that help in thorough examination and medication of the internal parts of the body.
Region-wise, North America accounts for a significant share in the neuroendoscopy devices market. This is mainly because of the constant recognition of enhanced technologies, growth in the research and development activities, along with the existence of several local and international players in the region. Meanwhile, the growth in the medical tourism, augmenting healthcare infrastructure, and rise in the use of improved technologies are all supporting Asia Pacific to emerge as an important market for neuroendoscopy devices.
Key Market Players
The major players in the global neuroendoscopy devices market are B. Braun Aesculap, Clarus INC., DIMEDA Instrumente GmbH, KARL STORZ ENDOSCOPY-AMERICA, INC., Advin Health Care, and Machida Endoscope Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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