The global Neuroendoscopy Devices Market is expected to reach USD 203.9 million by
2025, according to a new report by Grand View Research, Inc. Demand for
neuroendoscopy is increasing due to global rise in number of brain tumor cases
and growing adoption of minimally invasive surgical procedures.
Conventional surgical
procedures of brain such as craniotomy is invasive which includes opening of
the skull of the patient. This increases the risk of associated conditions such
as stroke or hemorrhage, blindness, deafness and in some cases death. Such high
risks associated with the conventional surgical procedures of brain are
resulting in replacement by adoption of minimally invasive endoscopic
procedures.
In addition, increasing cases of pituitary tumors and
increasing prevalence of brain cancer is supporting the growth of the market.
Few companies engaged in neuroendoscopy manufacturing are B. Braun Medical
Inc., Karl Storz, Olympus Corporation, Zeiss International, Stryker, and
Medtronic
Further Key Findings from the Study Suggest:
- Rise in the brain injuries, and neural
surgeries coupled with adoption of minimally invasive procedures is
driving the growth of the market
- Intraventricular segment accounted for the
largest revenue share in 2016 mainly due to constantly increasing
incidences of the intraventricular hemorrhage and bleeding
- Transcranial surgery segment is expected to
grow at the fastest growth rate owing to the factors such as increasing
cases of pituitary gland tumors and technological advancements
- Rigid neuroendoscopes being light weight and
small in size are preferred over flexible ones. However, flexible
endoscopes segment is expected to grow at the fastest growth rate during
the forecast period.
- Maximum number of neuro-endoscopic procedures
are performed in hospitals. Thus, the segment accounted for the largest
revenue share in 2016 and is anticipated to remain dominant throughout the
forecast period.
- North America and Europe dominated the market
together in 2016. Availability of advanced healthcare infrastructure and
high adoption of advanced techniques are some of the prime factors
resulting in the highest adoption of neuroendoscopy procedures in these regions.
- Key players in the market include B. Braun
Medical Inc., Karl Storz, Olympus Corporation, Zeiss International,
Stryker, and Medtronic.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/neuroendoscopy-market
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