Neuroendoscopy Devices Market Growth & Trends
The global neuroendoscopy devices market size is expected to reach USD 793.3 million by 2030, expanding at a CAGR of 10.6% from 2024 to 2030. 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
Neuroendoscopy Devices Market Report Highlights
- 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 2023 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 2023. 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, Machida Endoscope, Adeor Medical AG, Stryker, and Medtronic.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Neuroendoscopy Devices Market Variables, Trends, & Scope
Chapter 4. Neuroendoscopy Devices Market: Product Estimates & Trend Analysis
Chapter 5. Neuroendoscopy Devices Market: Application Estimates & Trend Analysis
Chapter 6. Neuroendoscopy Devices Market: Usability Estimates & Trend Analysis
Chapter 7. Neuroendoscopy Devices Market: End Use Estimates & Trend Analysis
Chapter 8. Neuroendoscopy Devices Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
- Karl Storz
- B Braun
- Machida Endoscope
- Olympus Corporation
- Medtronic PLC
- Ackermann Instruments GmbH
- Adeor Medical AG
- Schindler Endoskopie Technologie GmbH
- Stryker Corporation
- Clarus Medical LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 391.3 Million |
| Forecasted Market Value ( USD | $ 793.3 Million |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
