Healthcare

Growth of Neuroendoscopy Market Driven Upto US$ 218.9 Million Revenue to 2022 – Applications, Overview and Recent Development

Neuroendoscopy Market
Neuroendoscopy Market

New study on neuroendoscopy market dominated by rigid neuroendoscopes and flexible neuroendoscopes. Rigid endoscopes segment is further divided into videoscopes and fiberscopes.

The neuroendoscopy devices market, by product, is segmented into rigid neuroendoscopes and flexible neuroendoscopes. In 2017, the rigid neuroendoscopes segment accounted for the largest share of the global neuroendoscopy devices market. This segment is also expected to grow at the highest CAGR during the forecast period.

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Neuroendoscopy market 5.1% CAGR and expected to reach USD 218.9 Million by 2022 from USD 170.5 Million in 2017. The rigid neuroendoscopes segment is expected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the benefits of rigid neuroendoscopes such as superior optics, reusability due to autoclaving, and high device strength.

“Rigid Videoscopes Accounted for the Largest Share of the Rigid Neuroendoscopy Devices Market in 2017”

Study estimates neuroendoscopy market size for 2017 & projects its demand till 2022. In the primary research process, various sources from both demand side & supply side were interviewed to obtain qualitative and quantitative information for report. Primary sources from demand side include various industry CEOs, vice presidents, marketing directors, technology & innovation directors, & related key executives from various players in neuroendoscopy market. Factors such favorable government initiatives, rising prevalence of neurological disorders, and benefits of neuroendoscopic surgery over conventional brain surgery are driving the growth of this market.

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Neuroendoscopy procedures are increasingly being used for the treatment of a number of neurological disorders, such as pineal region tumors, pituitary tumors, Rathke’s cleft cysts, skull base tumors, and ventricular tumors. Its use is also growing in neuro-oncology, conducting brain biopsies, and the treatment of hydrocephalus. This large share and high growth can be attributed to benefits of rigid neuroendoscopes such as superior optics, reusability due to autoclaving, and high device strength.

Major Market Developments:

  • In 2017, KARL STORZ partnered with Ortega Clinic (Peru) to equip the hospital with an integrated KARL STORZ 3D operating room (OR) and accessories
  • In 2017, B.Braun opened a subsidiary in Zambia. This will help the company to establish its business in Zambia and expand its presence in the African region.

The neuroendoscopy devices market is segmented into intraventricular neuroendoscopy, transcranial neuroendoscopy, and transnasal neuroendoscopy. The transcranial neuroendoscopy segment is expected to register the highest CAGR during the forecast period.

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Various types of neuroendoscopes are available in Neuroendoscopy market such as rigid neuroendoscopes and flexible neuroendoscopes. However, rigid neuroendoscope dominates the market, due to the benefits of rigid neuroendoscopes such as superior optics, reusability due to autoclaving, and high device strength.

Neuroendoscopy devices market is segmented into reusable and disposable neuroendoscopes. The reusable neuroendoscopes segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the cost-effectiveness of reusable devices as they can be used in multiple procedures after procurement.