Neuroendoscopy Market, Regional Scenario| Americas is Expected to Dominate

Industry Research Report – Neuroendoscopy market forecast till 2023, is latest research report on published by MRFR. The global market is anticipated to reach at a CAGR of 5.2% during the forecast period 2018 to 2023, and is segmented on the basis of product, application, usability, end user, and region.

Neuroendoscopy Market Overview:

Neuroendoscopy is known as a minimally invasive surgical technique that gives neurosurgeons an advantage in removing various tumors through a small hole in the skull. It can be used through mouth or nose as well. removes the tumor through small holes in the skull or through the mouth or nose. The technology provides a scope for various surgeries, which, otherwise, cannot be performed using traditional surgeries. The market for the neuroendoscopy is expecting high growth by 5.2% CAGR during the forecast period of 2018 to 2023. Market research Future (MRFR) makes an assessment of the market and in the report they declared the possibility of surpassing the market by 2023.

The increasing prevalence of brain tumors, increasing demand for minimally invasive surgical procedures, growing geriatric population, and favorable reimbursement policies are estimated to drive the global neuroendoscopy market, during the forecast period. However, a dearth of physicians and the high cost of neuroendoscopy procedures and equipment are projected to restrain the market growth during the forecast period.

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Neuroendoscopy Market Segmentation:

The market for global neuroendoscopy, as discussed by MRFR in the study, spans across segments like product, application, usability, and end-user. These segments have details of various factors that can impact the global market in the coming years.

By products, the neuroendoscopy market is bifurcated into rigid neuroendoscopes and flexible neuroendoscopes. The rigid neuroendoscopes segment includes rigid video scopes and rigid fiberscopes. This sub-segmentation will aid in dealing with the regular various details that can impact the market.

By application, the market is divided into intraventricular neuroendoscopy, transnasal neuroendoscopy, and transcranial neuro-endoscopy.

By usability, the segmentation includes reusable neuroendoscopes and disposable neuroendoscopes.

By end-users, the neuroendoscopy market encompasses medical research centers, hospitals, clinics, and others.

Neuroendoscopy Market Regional Analysis:

The Americas dominates the global neuroendoscopy market owing to the increasing prevalence of brain tumors, rising demand for minimally invasive therapeutic procedures, the presence of a well-developed healthcare sector, growing geriatric population, and huge health care expenditures. Moreover, the presence of key players such as Stryker and Medtronic, besides others boost the market growth.

Europe is following the lead of the Americas from a very close quarter. This growth receives much of the traction from countries like the UK, France, Germany, and others. The major reason behind this is the growing awareness regarding minimally invasive surgeries and availability of funding for various research and development teams.

The APAC market has a lot to contribute as the revamping healthcare sector, inclusion of various technologies, and growing number of patients are impacting the market notably. Various government policies are also expected to provide traction to the market. In addition, the growth in the medical tourism is expected to take the market forward.

The Middle East and Africa market has the least market share as in the African region a lot of poor economies would hold back the market growth in the coming years. The Middle East, however, would express better possibilities owing to the presence of Dubai, Saudi Arabia, the UAE, Qatar, Kuwait, and others.

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Neuroendoscopy Market Competitive Analysis:

Numerous companies are taking an active interest in the global neuroendoscopy market and they are solidifying their position in the market by constantly evolving their technologies. The key players for the global neuroendoscopy market are KARL STORZ (Germany), B. Braun (Germany), Machida Endoscope (Japan), Tonglu Wanhe Medical Instrument (China), Schindler Endoskopie (Germany), Clarus Medical (U.S.), LocaMed (U.K), Visionsense Corporation (U.S.), Ackermann Instrumente (Germany), Adeor Medical (Germany), Hangzhou Hawk Optical Electronic Instruments (China), Olympus Corporation (Japan), Zeiss International (Germany), Stryker (U.S.), Medtronic (U.S.), and others.

In an article published in the Lancet in September 2019, researchers revealed a new way of preventing infection in patients who are expected to undergo neuroendoscopy treatments. The treatment would include antibiotics like rifampicin and clindamycin or silver shunts to reduce the cost of the procedure. It would deviate markedly from the standard procedures.

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