The neuroendoscopy trends are heavily impacted by developments in minimally invasive methods. By offering less intrusive options for the diagnosis and treatment of neurological diseases, neuroendoscopy, which involves the employing of endoscopic equipment to access and see the spinal cord and brain, influences market trends and results in less trauma to patients and faster recovery times. The use of neuroendoscopy to treat cerebral lesions and hydrocephalus is actively shaping the market. Endoscopic techniques that enable more specific and customized treatments for patients with certain neurological illnesses, such as CSF diversion and tumor excision, have an impact on market choices.
The ability to view and access deep into the brain shapes market trends, encouraging the use of neuroendoscopic techniques for surgical treatments such as tumor excision and biopsy. The market is characterized by the endoscopic therapy for pituitary tumors. Pituitary adenomas can be accessed and treated less invasively with neuroendoscopic methods for transsphenoidal surgery, which influence market dynamics and provide prospective advantages including fewer postoperative problems and quicker recovery.
The market is shaped by neuroendoscopic procedures used in the therapy of intraventricular and subarachnoid hemorrhages. Because they provide a minimally intrusive method of treating life-threatening illnesses and improving patient outcomes, endoscopic operations like clot ejection and hematoma removal have an impact on market trends. Innovations in technology have a big impact on the endoscopic equipment market. Technological developments in imaging, such better illumination systems and high-definition cameras, affect market dynamics by making neuro endoscopic treatments easier to visualize and by increasing the overall effectiveness of the process.
An emerging feature of the market dynamics is the growing application of neuroendoscopy in surgery on the spine. With benefits like less tissue damage, less discomfort following surgery, and a speedier recovery for patients receiving spinal interventions, endoscopic procedures have a significant influence on market trends when it comes to addressing and treating spinal diseases. The industry is shaped by educational and training programs in neuroendoscopy. Healthcare professional education programs influence the dynamics of the market by guaranteeing that neurologists and surgeons are competent in conducting neuroendoscopic procedures, which in turn promotes the wider use of these methods.
The global market for neuroendoscopy is segmented on the basis of product, application, usability, and end-user.
On the basis of products, the global market of neuroendoscopy is segmented into rigid neuroendoscopes and flexible neuroendoscopes. The rigid neuroendoscopes segment is sub-segmented into rigid video scopes and rigid fiberscopes.
On the basis of application, the market for neuroendoscopy is categorized into transnasal neuroendoscopy, intraventricular neuroendoscopy, and transcranial neuro-endoscopy.
Neuroendoscopy Usability Insights
On the basis of usability, the neuroendoscopy market is segmented into reusable neuroendoscopes and disposable neuroendoscopes.
On the basis of end-users, the market is segmented into hospitals, clinics, medical research centers, and others.
The Americas dominates the global market of neuroendoscopy. Factors such as the increasing prevalence of brain tumors, the presence of a well-developed healthcare sector, and huge health care expenditures within the region drive the market growth within the region. Moreover, the presence of key players such as Stryker and Medtronic, besides others and the growing geriatric population within the region fuel the market growth.
Europe stands second in the neuroendoscopy market due to the increasing demand for minimally invasive surgeries, rising availability of funds for research and development, and a huge patient population. According to the Cancer Research U.K., the total number of new cases for brain tumor was estimated to be about 11,432 in 2015.
Followed by Europe, Asia Pacific stands third in the market of neuroendoscopy. Moreover, the region is projected to be the fastest growing region in the global market. This can be attributed to the presence of developing economies such as China, growing patient population, developing healthcare sector, and increasing per capita healthcare expenditures. Additionally, favorable government policies support the market growth. Medical tourism and rising geriatric population are estimated to fuel the market growth. According to the Indian Brand Equity Foundation, the medical tourism industry in India is estimated to grow rapidly and reach USD 9 billion by 2020.
ClearPoint Neuro Inc., a global therapy-enabling platform firm that provides brain navigation and delivery, announced a strategic and commercial cooperation with Adeor Medical AG, a German surgical equipment provider, in August 2021.
In 2017, KARL STORZ teamed with Ortega Clinic in Peru to provide an integrated KARL STORZ 3D operating room (OR) and accessories to the facility. B.Braun also established a subsidiary in Zambia in 2017. This will assist the organization in establishing its business in Zambia and expanding its presence throughout Africa.
Neuroendoscopy Market Key players
The key players in the global neuroendoscopy market are
Intended Audience
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