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Neuroendoscopy Market by Product, Usability, Application, Region - Global Forecast to 2022

Neuroendoscopy Market: Global Forecast until 2022

  • April 2018
  • 103 pages
  • ID: 5377127
In this report:
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The overall neuroendoscopy devices market is forecasted to reach $218.90M by 2022 from $170.50M in 2017, at a compound annual growth rate (CAGR) of 5.10 percent. Elements such as favorable government initiatives, growing prevalence of neurological disorders, and benefits of neuroendoscopic surgeries over conventional brain surgeries are driving the increase of this market. On the other hand, the high cost of neuroendoscopy procedures and equipment may hinder the increase of the market.

The neuroendoscopy devices market, by product, is split into rigid neuroendoscopes and flexible neuroendoscopes.In 2017, the rigid neuroendoscopes segment recorded for the biggest share of the overall neuroendoscopy devices market.

This industry segment is also anticipated to grow at the maximal CAGR (Compound annual growth rate) during the estimate period. This big share and important rise can be accredited to the benefits of rigid neuroendoscopes including superior optics, reusability due to autoclaving, and high device strength.

Established on application, the neuroendoscopy devices market is divided into intraventricular neuroendoscopy, transcranial neuroendoscopy, and transnasal neuroendoscopy.The transcranial neuroendoscopy segment is expected to record the maximal compound annual growth rate (CAGR) during the outlook period.

The significant rise of this segment is owing to Elements such as their wide application in the diagnosis and treatment of larger tumors with significant suprasellar extension and increasing incidence of brain tumors.

Established on usability, the neuroendoscopy devices market is broken down into reusable and disposable neuroendoscopes.The reusable neuroendoscopes segment is anticipated to grow at the highest CAGR (Compound annual growth rate) during the estimate period.

This can be connected to the cost-effectiveness of reusable devices as they can be used in multiple procedures after procurement.

Among the four regional segments included in the neuroendoscopy devices market-North America, Europe (EU), Asia area, and the Rest of the globe.Geographically, the neuroendoscopy devices market in the Asian area is forecast to register the highest compound annual growth rate (CAGR) during the outlook period.

Increase in this regional segment is largely driven by the increased spending on healthcare, presence of a huge population base, increasing geriatric population, growing medical tourism, and rising prevalence of diseases in the territory.

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