Neuroendoscopy Devices Market – Overview

The global neuroendoscopy devices market is anticipated to witness massive growth during the forecast period (2021 to 2031). The rising occurrence of brain tumors is a primary aspect projected to drive the global neuroendoscopy devices market. Since neuroendoscopy techniques are less invasive, the market for such devices is expanding rapidly. Moreover, increased initiatives by the main players to offer novel neuroendoscopes for numerous neurological treatments are expected to boost the global neuroendoscopy devices market throughout the forecast period. Furthermore, technical developments in neuroendoscopes and increased demand for less invasive surgical treatments are anticipated to support the global neuroendoscopy devices market growth.

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Neuroendoscopy Devices Market – Competitive Landscape

Key players active in the global neuroendoscopy devices market are B.Braun Aesculap (Germany), KARL STORZ (Germany), Adeor Medical (Germany), Ackermann Instrumente (Germany), Clarus (US), Hawk (China), Machida (Japan), Schindler (Germany), LocaMed (UK), Tonglu Wanhe Medical (China), and Visionsense (US).

Product launches, mergers and acquisitions, and large investments are some of the techniques used by prominent businesses to expand their company portfolio and geographic reach.

Neuroendoscopy Devices Market – Trends and Opportunities

A spike in the number of brain tumor cases around the world is expected to boost the global neuroendoscopy devices market during the forecast period. Numerous risk factors, such as radiation exposure and a family medical history of brain tumors have raised the likelihood of developing a brain tumor. As per the National Cancer Institute, over 23,000 new cases of brain cancer were reported in the United States alone, and nearly 165,000 people were diagnosed with brain and other nervous system tumors in the United States. As a result, increased brain cancer incidence is projected to have a substantial impact on the development of the global neuroendoscopy devices market.

Moreover, the growing senior population, which is more vulnerable to neurological and other medical disorders, is expected to propel the global neuroendoscopy devices market growth. There is also a growing health awareness among the general public about the accessibility of efficient treatment options for neurological illnesses, which is likely to contribute to the market growth. As a result, neuroendoscopy surgeries are becoming more popular than conventional brain surgery. Numerous neurostimulation devices, for example, are utilized to transmit electrical impulses to the specific sacral nerves and conduct deep brain stimulation.

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Various technical breakthroughs, such as the creation of revolutionary minimally invasive (MI) equipment, such as liquid embolic and clot retrieval devices, flow diversion, neuroendovascular stents, and balloon catheters, are also projected to boost the global neuroendoscopy devices market. Other factors, such as upgrades in healthcare infrastructure and significant research and development (RD), are expected to bolster the market growth.

Neuroendoscopy Devices Market – Regional Landscape

The North America neuroendoscopy devices market is expected to grow during the forecast period. The presence of big corporations such as Karl Storz and B. Braun in North America is a significant aspect projected to drive regional market growth. Moreover, the rising occurrence of acute pediatric brain tumors is anticipated to boost the market growth in North America. Another growth-promoting aspect is the growing population's preference for minimally invasive procedures. As a result, such factors are projected to contribute to the neuroendoscopy devices market in North America.

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The Asia Pacific neuroendoscopy devices market is expected to develop during the forecast period. The rising incidence of brain tumors, combined with an increase in the number of biopsies conducted in medical facilities, is projected to boost regional market expansion. Moreover, rising healthcare spending in emerging markets such as Vietnam, India, and others is expected to support market growth in Asia Pacific. Furthermore, people over 65 are at a higher risk of having brain tumors. Glioblastoma is the most frequent primary brain tumor in the elderly population. As a result, the growing older population in nations such as China and India is anticipated to contribute significantly to the neuroendoscopy devices market in Asia Pacific.

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