The market for neuroendoscopy is significantly impacted by ongoing technological improvements. The market's growth for neurosurgical interventions is shaped by advancements in neuroendoscopic devices, such as better optics, tiny photographic equipment, and flexible scopes, which improve visibility and diagnostic capabilities. Applications of neuroendoscopy in the excision of brain tumors are vital to the market. The developments in neuro-oncology are shaped by the growing need for neuroendoscopic instruments and techniques as neurosurgeons use those techniques for tumor imaging and resection.
One of the main market drivers is the increase in neurological diseases requiring surgery. As diseases which includes intraventricular hemorrhage, tumors of the brain, and hydrocephalus become more common, the need for less invasive neuroendoscopic procedures grows, which affects market dynamics. The shift to less invasive surgical methods has a significant influence on the neuroendoscopy business. Market preferences are being influenced by the utilization of neuroendoscopic techniques; patients and surgeons are choosing procedures with fewer risks, faster recovery times, and smaller incisions.
One important market aspect is the effectiveness of neuroendoscopy in treating problems of the cerebrospinal fluid and hydrocephalus. Improved patient outcomes from cyst fenestration, endoscopic ventriculostomy, and third ventriculostomy procedures impact the growth of these therapeutic markets. Global differences in the healthcare system have an impact on the acceptance and accessibility of neuroendoscopic operations. The market's prevalence in different geographic areas and healthcare environments is influenced by variations in medical facilities, knowledge, and resources.
The use of neuroendoscopic procedures is influenced by the growth of telemedicine and online consultations. Particularly for patients in underserved or remote areas, remote healthcare services increase access to neurosurgery expertise and influence consumer preferences. One important thing to think about is the use of neuroendoscopy in child neurosurgery. Pediatric endoscopic procedures impact market trends and lead to breakthroughs in minimally invasive neurosurgical therapy for disorders including hydrocephalus and brain tumors.
Report Attribute/Metric | Details |
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Growth Rate | Â 14.9 % (2023-2032) |
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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