Global Neuroendoscopy Market – Industry Trends and Forecast to 2030

Neuroendoscopy Market Analysis and Size

The increasing demand for minimally invasive surgical procedures has led to the market growth rate during the forecast period. Neuroendoscoy offers numerous advantages to patients compared to traditional surgery techniques, which have been surging its demand in recent times. Furthermore, several advancements in endoscopy imaging and visualization systems have allowed surgeons to perform surgeries with higher accuracy and precision.    

Data Bridge Market Research analyses that the neuroendoscopy market, which was USD 230 million in 2022, would rise to USD 352.98 million by 2030 and is expected to undergo a CAGR of 5.50% during the forecast period from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Neuroendoscopy Market Scope and Segmentation

Market Definition

Neuroendoscopy is a type of medical procedure that neurosurgeons do by using an endoscope on end to allow the neurosurgeon to navigate and access the tumor. Neuroendoscopic surgery is performed as it causes reduced damage to normal structures and achieves excellent outcomes. To lessen a tumor or take a sample of it, neurosurgeons attach special instruments to the endoscope, often an additional endoscope with forceps and scissors on the end, compared to conventional open brain surgery.

Global Neuroendoscopy Market Dynamics

Drivers

• Increasing Technological Developments by Market Players

There is a huge trend of technological developments that lead to the market growth rate. The increasing preference for minimally invasive surgeries has led to the development of advanced neuroendoscopy technologies. Several advancements in endoscopy imaging and visualization systems have allowed surgeons to perform more accurately and precisely. Also, the development of 3D endoscopy technologies and 4K ultra-high-definition monitors have further improved the visualization capabilities of neuroendoscopic surgeries. Thus, this factor boosts market growth.

• Increaisng Demand of Flexible Neuroendoscopes

Many advantages associated with flexible neuroendoscopy are anticipated to boost the demand for flexible neuroendoscopes. One of the main advantages of flexible neuroendoscopes is that their geometry is unstable and can be paved along a curved trajectory. For instance, the "flexible video neuroendoscope," Karl Storz GmbH developed to treat hydrocephalus. It is the only approved Food & Drug Administration (FDA) video neuroendoscopes. Thus, this factor leads to market growth.

Opportunities

• Increasing Cases of Brain Tumors

The market is expected to grow during the forecast period because of rise in brain tumor cases globally. Brain and other nervous system cancer is the 10th leading cause of death for men and women. 18,990 deaths from primary cancerous brain and CNS tumors are expected to occur in the U.S. in 2023. The major risk factors are radiation exposure and a family history of brain tumors. This increasing incidence of brain tumors demands the high use of neuroendoscopy, which will help properly identify and evaluate the tumor. Thus, this factor boosts market growth.  

• Growing Demand for Neuroendoscopy in Hospitals

The hospitals demand high use of neuroendoscopy, which is expected to remain dominant during the forecast period. This is due to the growing number of patients undergoing neuroendoscopy procedures in hospitals and the availability of specialized medical personnel and infrastructure. The growth in the number of hospitals and operating rooms dedicated to neuroendoscopy procedures also enhances the market growth. Thus, this factor leads to market growth.  

Restraints/Challenges

• Complications Associated With Neuroendoscopy

Several complications are associated with neuroendoscopy that leads to market hindrance. The complications associated with these procedures include subdural hematoma, pneumocephalus, subdural hygroma, and injury to the basilar artery and hypothalamus. Also, many effects, such as bleeding, infections, or reactions to anesthesia, impede the market growth. Therefore, these factors hamper the market growth.

This neuroendoscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neuroendoscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2021, ClearPoint Neuro Inc., a global therapy-enabling platform company, entered a strategic and commercial partnership with the German surgical equipment leader Adeor Medical AG. The aim was to offer navigation and delivery to the brain.

Global Neuroendoscopy Market Scope

The neuroendoscopy market is segmented on the basis of product, application, usability, patient and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

• Product
• Rigid Neuroendoscope
• Rigid Fiberscopes
• Rigid Videoscopes
• Flexible Neuroendoscopes                                 

Application

• Transnasal Neuroendoscopy
• Intraventricular Neuroendoscopy
• Transcranial Neuroendoscopy

Usability  

• Reusable Neuroendoscopes
• Disposable Neuroendoscopes

Patient

• Adult
• Pediatric

End User

• Hospitals and Clinics
• Clinical Laboratories
• Others

Neuroendoscopy Market Regional Analysis/Insights

The neuroendoscopy market is analyzed and market size insights and trends are provided by product, application, usability, patient and end user as referenced above.

The countries covered in the neuroendoscopy market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the neuroendoscopy market due to the growing incidences of pituitary tumors and increasing technological advancement. Additionally, the increasing burden of neurological disorders and the increasing preference for minimally invasive surgeries lead to market growth.

North America is expected to witness significant growth due to the huge growth opportunities in the region, particularly in China, Japan, and India. Also, mandatory healthcare insurance increased technological advancements, and healthcare expenditure also led the market growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The neuroendoscopy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neuroendoscopy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neuroendoscopy market. The data is available for historic period 2011-2021.

Competitive Landscape and Neuroendoscopy Market Share Analysis

The neuroendoscopy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to neuroendoscopy market.

Some of the major players operating in the neuroendoscopy market are:

• adeor medical AG (Germany)
• KARL STORZ SE & Co. KG (Germany)
• Medtronic (Ireland)
• B. Braun SE (Germany)
• Olympus Corporation (Japan)
• BD (U.S.)
• HOYA Corporation (Japan)
• Stryker (U.S.)
• Boston Scientific Corporation (U.S.)
• CONMED Corporation. (U.S.)
• Arthrex Inc. (U.S.)
• Aesculap, Inc. (U.S.)

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