Neuroendoscopy Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4039
Neuroendoscopy Market size is projected to experience significant growth from 2019 to 2025.
Rising prevalence of neurological disorders such as skull base tumors, pineal region tumors, Rathke's cleft cysts, pituitary tumors and ventricular tumors is one of the major factors augmenting the growth of neuroendoscopy market. As per the National Institute of Neurological Disorders and Stroke, every year in the U.S., about 50 million Americans suffer from one type of neurological disorder and the prevalence rate is expected to rise in future. Hence, increasing prevalence of neurological diseases will propel neuroendoscopy market growth.
Neuroendoscopy is a minimally invasive surgical procedure used to remove the tumors by creating small incisions in the skull or through nose or mouth. Owing to the fact that minimally invasive procedures are more preferable than conventional brain surgeries, the demand for neuroendoscopy devices will further increase, thus, augmenting market growth.
However, excessive cost of neuroendoscopy devices is a major growth hindering factor. Moreover, FDA’s extremely rigid regulatory approval procedures coupled with excessive cost of devices and procedures will obstruct the growth of neuroendoscopy market.
Rigid neuroendoscopes segment is expected to witness substantial growth over the forecast period. Rigid neuroendoscopes such as, rigid fiberscopes and rigid videoscopes are gaining popularity around the world. Neuroendoscopy procedures are becoming more common with time due to its minimally invasive nature thus, their market will grow at a steady pace. Moreover, increasing technological advancements in neuroendoscopes will further boost product demand. Hence, the aforementioned reasons will augment market growth.
Transnasal neuroendoscopy segment is expected to witness substantial growth over the forecast period. The introduction of endoscopic technology in the field of neurosurgery has increased the application of transnasal neuroendoscopy procedures. With this technique, neurosurgeons are able to approach the critical areas of the brain such as cranial base, clivus, parasellar region, craniovertebral junction and cavernous sinus, less invasively than other conventional surgical methods. Hence, the above-mentioned reasons are expected to propel transnasal neuroendoscopy segment growth over the forecast timeframe.
The disposable neuroendoscopes segment is expected to experience considerable growth over the forecast period. Disposable endoscopes offer minimally invasive surgical procedures with good quality at an affordable price. Moreover, increasing adoption rate of disposable neuroendoscopes in hospitals and other medical facilities due to its patient friendly characteristics and affordable cost have further accelerated segmental growth.
The U.S. is expected to witness substantial growth over the forecast period owing to the factors such as rising prevalence of neurological disorders, increasing research activities related to advancements in neuroendoscopes and growing capital investments by hospitals to purchase novel neuroendoscopy equipment. Moreover, availability of skilled professionals, technological advancements and increasing adoption of neuroendoscopes for the treatment of various neurological conditions will further augment U.S. market growth.
China is expected to witness significant growth in the neuroendoscopy market during the analysis period. Increasing awareness among the population about various neuroendscopic procedures coupled with growing preference for minimally invasive procedures will drive product demand thus, augmenting China neuroendoscopy market growth.
Some of the key industry players include Ackermann Instrumente GmbH., Adeor Medical AG., B. Braun Melsungen AG., Clarus Medical., Hangzhou Hawk Optical Electronic Instruments Co., Ltd., Locamed Ltd., Karl Storz GmbH & Co. Kg., Machida Endoscope Co., Ltd., Schindler Endoskopie Technologie GmbH., Tonglu Wanhe Medical Instrument Co., Ltd. and Visionsense Corporation. Key strategies adopted by industry players include strategic collaborations, partnerships, mergers, and innovative product launches to expand their business product portfolio.
Neuroendoscopy Market by Product, 2014-2025 (USD Million)
- Rigid neuroendoscopes
- Rigid fiberscopes
- Rigid videoscopes
- Flexible neuroendoscopes
Neuroendoscopy Market by Application, 2014-2025 (USD Million)
- Transnasal neuroendoscopy
- Intraventricular neuroendoscopy
- Transcranial neuroendoscopy
Neuroendoscopy Market by Usability, 2014-2025 (USD Million)
- Reusable neuroendoscopes
- Disposable neuroendoscopes
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Ackermann Instrumente GmbH
- B. Braun Melsungen AG
- Adeor Medical AG
- Clarus Medical
- Karl Storz GmbH & Co. Kg
- Hangzhou Hawk Optical Electronic Instruments Co., Ltd.
- Locamed Ltd.
- Machida Endoscope Co., Ltd.
- Tonglu Wanhe Medical Instrument Co., Ltd.
- Schindler Endoskopie Technologie GmbH
- Visionsense Corporation
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