Neuroendoscopy Industry Analysis, Competitive Landscape, Financial Matrix & Market Ratio | Forecast – 2023

Neuroendoscopy Market Overview:

The market for the neuroendoscopy is expecting high growth by 5.2% CAGR during the forecast period of 2018 to 2023. Market research Future (MRFR) makes an assessment of the market and in the report, they declared the possibility of surpassing the market by 2023.

The increasing prevalence of brain tumors, increasing demand for minimally invasive surgical procedures, growing geriatric population, and favorable reimbursement policies are estimated to drive the global neuroendoscopy market, during the forecast period. However, a dearth of physicians and the high cost of neuroendoscopy procedures and equipment are projected to restrain the market growth during the forecast period.

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Neuroendoscopy Market Segmentation:

The global neuroendoscopy market is segmented on the basis of product, application, usability, and end-user.

By products, the neuroendoscopy market is bifurcated into rigid neuroendoscopes and flexible neuroendoscopes. The rigid neuroendoscopes segment includes rigid video scopes and rigid fiberscopes. This sub-segmentation will aid in dealing with the regular various details that can impact the market.

By application, the market is divided into intraventricular neuroendoscopy, transnasal neuroendoscopy, and transcranial neuro-endoscopy.

By usability, the segmentation includes reusable neuroendoscopes and disposable neuroendoscopes.

By end-users, the neuroendoscopy market encompasses medical research centers, hospitals, clinics, and others.

Neuroendoscopy Market Regional Analysis:

The Americas dominates the global neuroendoscopy market owing to the increasing prevalence of brain tumors, rising demand for minimally invasive therapeutic procedures, the presence of a well-developed healthcare sector, growing geriatric population, and huge health care expenditures. Moreover, the presence of key players such as Stryker and Medtronic, besides others boost the market growth.

Europe is second in the global neuroendoscopy market. This can be due to the increasing demand for minimally invasive surgeries, rising availability of funds for research and development, and a huge patient population.

Asia Pacific stands third in the global neuroendoscopy market. Asia Pacific is projected to be the fastest growing region in the global market owing to the presence of developing economies, growing patient population, developing healthcare sector, and increasing per capita healthcare expenditures. Additionally, favorable government policies support the market growth.

The Middle East and Africa holds the least share in the market due to the presence of poor economies, stringent government policies, lack of awareness, low per capita income and poor availability of the healthcare services, especially within the African region.

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Neuroendoscopy Market Competitive Analysis:

The key players for the global neuroendoscopy market are KARL STORZ (Germany), B. Braun (Germany), Machida Endoscope (Japan), Tonglu Wanhe Medical Instrument (China), Schindler Endoskopie (Germany), Clarus Medical (U.S.), LocaMed (U.K), Visionsense Corporation (U.S.), Ackermann Instrumente (Germany), Adeor Medical (Germany), Hangzhou Hawk Optical Electronic Instruments (China), Olympus Corporation (Japan), Zeiss International (Germany), Stryker (U.S.), Medtronic (U.S.), and others. Numerous companies are taking an active interest in the global neuroendoscopy market and they are solidifying their position in the market by constantly evolving their technologies.

In an article published in the Lancet in September 2019, researchers revealed a new way of preventing infection in patients who are expected to undergo neuroendoscopy treatments. The treatment would include antibiotics like rifampicin and clindamycin or silver shunts to reduce the cost of the procedure. It would deviate markedly from the standard procedures.

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