San Francisco, 1 October 2018:
According
to a report published by Grand View Research, Inc.; the neuroendoscopy
devices market is likely to reach a valuation of around USD 203.9 million
by 2025.
Increasing cases of brain injuries
and neural surgeries, and high demand for minimally invasive surgeries can
propel the market over the forecast period (2014 to 2025). Additionally, increasing
efforts from the government and private institutions to support the acceptance
of neuroendoscopy and growing investments for research and development activities
by the major players are expected to create positive outlook for the market.
Conventional brain surgeries
like craniotomy are mostly invasive and complex which involves complete opening
of skull. These surgical procedures involve high risk of stroke or hemorrhage,
deafness, blindness, and death in several cases. These conditions can be
avoided by adopting minimally invasive procedures. Therefore, use of neuroendoscopy
is increasing constantly. These devises are extensively used in the treatment
of intraventricular hemorrhage and bleeding, hydrocephalus, and pituitary
tumors. Thus, continuous rise in cases of pituitary tumors and intraventricular
hemorrhage are likely to support the market growth in the coming years.
Access
Research Report of Neuroendoscopy
Devices Market@ www.grandviewresearch.com/industry-analysis/neuroendoscopy-market
Worldwide neuroendoscopy
devices market can be segmented on the basis of devices type, surgery, type,
application, and region.
Based on devices type, the
market can be classified into rigid and flexible.
Rigid segment is expected to
show high growth in the years to come. Rigid neuroendoscopes are extensively
used to treat disorders including hydrocephalus, intraventricular tumors, and cystic
lesions. As per Hydrocephalus Association U.S., one to two of every 1000 babies
born are diagnose with hydrocephalus. Therefore, high prevalence of these
disorders is expected to drive the segment growth. These devices are available
in light weight versions, therefore have high demand in interventricular
surgeries. As per surgery type, the market can be bifurcated into intraventricular,
transcranial, and transnasal. In 2016, Intraventricular segment estimated for
the major revenue share owing to high prevalence of the intraventricular
hemorrhage and bleeding. The, transcranial surgery segment is likely to display
rapid growth during the forecast period due to technological developments and growing
cases of pituitary gland tumors. On the basis of application, the market can be
categorized into hospitals and medical research centers.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/medical-devices
In 2016, the hospitals segment
acquired the largest market share and likely to continue this trend over the
forecast period. Several benefits offered by neuroendoscopy such as exact
access at target site that is situated in the interior parts of brain and
minimal incision have forced hospitals to adopt this procedure. Moreover, hospitals
have reported the high number of neuro-endoscopic procedures due to
availability of established healthcare facilities in case of emergencies and presence
of skilled health care specialist and neurosurgeons.
Geographically, the market can
be divided into North America, Europe, Asia Pacific, Latin America, and MEA. North
America is largest markets followed by the Europe. In 2016, these regions collectively
acquired the major market share due to availability of advanced healthcare
infrastructure and high use of advanced techniques, which has lead to high
adoption of neuroendoscopy. In addition, technological developments in the
healthcare and high prevalence of pituitary tumors are supporting the market
growth in these regions. The U.S is considered as the major market for neuroendoscopy
across the globe. Fast recovery of patients operated with minimally invasive
procedure offered by these devices has increased the popularity of these
devices in the country.
Asia Pacific market is expected
to show rapid growth during the forecast period due to presence of unexploited
growth opportunities in the region. Countries such as India, China and Japan
have huge opportunities. Factors such as enforced healthcare insurance, growing
technological advancements, and growing healthcare spending are expected to
boost the market growth in this region.
Key companies operating in the
market include B. Braun Medical Inc.; Olympus Corporation; Stryker, Medtronic;
and Karl Storz. Major participants in the market are trying to strengthen their
position in the market by adopting strategies like mergers and acquisitions,
and strategic alliances.
Access
Press Release of Neuroendoscopy Devices Market@ www.grandviewresearch.com/press-release/global-neuroendoscopy-devices-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
