Neuroendoscopy is generally used to perform surgical procedures such as biopsies, obstructions, ventriculostomies and removal of cysts & tumors.
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Neuroendoscopy Market Growth, Trends, Segment To 2022: Grand View Research, Inc.
1. Neuroendoscopy Market Analysis By Product (Rigid,
Endoscopic Visualization Systems, Flexible, Endoscopic
Ultrasound (EUS)), Endoscope Fluid Management Systems
And Endoscope Accessories Analysis, Regional Outlook,
Competitive Strategies And Segment Forecasts 2015 to 2022
Global neuroendoscopy market is expected to witness sustainable growth owing to
rising prevalence of cancer, spinal cord and brain disorders, along with increasing
demand for minimally invasive procedures. Neuroendoscopy is generally used to
perform surgical procedures such as biopsies, obstructions, ventriculostomies and
removal of cysts & tumors. As stated by American Brain Tumor Association, one
of the major reasons of cancer related deaths globally is brain tumor , especially in
children younger than the age of 20. It is also stated that approximate 700,000
people are suffering from brain tumor in the U.S. Moreover, increasing incidences
of life threatening colloid cysts are anticipated to propel market growth over
coming seven years. Increasing awareness about treatment of brain related diseases
especially in the developing economies is expected to additionally fuel the market
growth over the forecast period. However, presence of substitute treatment such as
gamma life surgeries, chemotherapy and radiation therapy are anticipated to
restrain the growth of neuroendoscopy market over the forecast period
2. For More Information on "Neuroendoscopy Market Research Reports" visit -
http://www.grandviewresearch.com/industry-analysis/neuroendoscopy-
market
Rigid endoscope product segment dominated the entire market with largest market
share as of 2014. Higher procedural success rate and efficiency for removal of
brain tumors are the factors leading to the growth of rigid endoscope market.
However, insufficient reimbursement policies and price intensive nature of these
equipments are anticipated to be the growth impeding factors for this market over
next seven years. Geographically, North America held the largest market share,
followed by Europe as of 2014.
3. Increasing incidences of brain tumors along with rising implementation of
minimally invasive procedures by various healthcare practitioners as a cost
containment measure are the key factors fueling the growth of the market in North
America. Asia Pacific is anticipated to be the fastest growing region over coming
seven years owing to increasing disposable income, huge untapped opportunities
and improvising healthcare infrastructure in this region.
The global neuroendoscopy market is competitive in nature, consisting of few
players holding more than two third of the market share. Major players operational
in the market include Karl Storz, Adeor and Aesculap. Other companies notable in
the market include ConMed, Covidien, Medtronic and Richard Wolf. Various
companies are adopting collaborative strategy with Asian Pacific imaging and
optical expert companies in order to gain revenue share in the market such as Fuji,
Olympus and Sony etc. thereby boosting the growth of neuroendoscopy market.
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