The Infinium Global Research analyzes the Neurology Endoscopy Devices Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global neurology endoscopy devices market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of neurology endoscopy devices. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the neurology endoscopy devices market during the period. The global neurology endoscopy devices market is projected to grow at a CAGR of 6.8% over the forecast period of 2018-2024.
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Neurology endoscopy devices is minimally invasive surgical procedure devices that help neurosurgeons to access area of the brain that cannot be reached with traditional surgery. Also it helps neurosurgeons to remove the tumor without cutting or harming the other parts of the skull. The Neurology endoscopy devices consist of a small telescope-like devices that is equipped with a high-resolution video camera and eye piece on the end that allows the neurosurgeon to navigate and access the tumor. To remove a tumor or to do a biopsy, neurosurgeons attach special instruments to the endoscope, often an additional endoscope with forceps and scissors at the end.
Factors responsible for the growth of the neurology endoscope devices is mainly due to increasing prevalence of neurological disorders, particularly among geriatric population, that has consequently led to rise in neurological disorders such as Alzheimer’s, Parkinson’s, stroke, brain cancer and others. Also, advances in technology have further transformed existing products to more developed products that have made surgeries easier.
Moreover, increase adoption of minimally invasive surgery procedure due to less pain than traditional surgery, faster recovery compared to traditional surgeries and minimally scarring. These factors are likely to augment the growth of the market. However, lack of trained neurologist and high cost of neurology endoscopy devices is likely to hinder the growth of the neurology endoscopy market. Increasing healthcare infrastructure in developing regions such as India, China and Middle East is likely to create growth opportunities for the neurology endoscopy devices market.
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North America Accounted for the Highest Market Share
Among the regions, North America accounted for the highest market share in 2017 in terms of revenue for the forecast period, 2018-2024. North America was followed by Europe with significant market share. U.S is driving the North American neurology endoscopy market. According to National Institute of Neurological Disorders and Stroke (NINDS) it is estimated that approximately 50 million Americans are affected due to these disorders, thus leading to incalculable economic costs for medical expenses coupled with loss of productivity. Thus factors such as ageing population, growing healthcare industry and adoption of minimally invasive surgery method are likely to drive growth for the U.S region. Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing investments by government bodies in order to enhance healthcare facilities.in countries like India and China.
Segments of Global Neurology Endoscopy Devices Industry
The report on global neurology endoscopy devices market covers segments such as, product, disease indication and end-user. On the basis ofproduct, the global neurology endoscopy devices market is categorized into endoscopes, visualization system, operative devices and accessories. On the basis of disease indication, the global neurology endoscopy devices market is categorized into nervous system disease, Alzheimer’s disorders, brain tumor, brain cancer and others. On the basis ofend-user, the global neurology endoscopy devices market is categorized into hospitals, clinics and ambulatory surgery centers.
Key Players in the Neurology Endoscopy Devices Market
The report provides profiles of the companies in the global neurology endoscopy devices market such as, Boston Scientific Ltd, Arthrex Inc., Fujifilm holding Corporation, Johnson & Johnson, C.R. Bard, Olympus Corporation, Medtronic Plc, Hoya Corporation, KARL STORZ GmbH & Co. KG and Adeor Medical AG.
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- Comprehensive analysis of global as well as regional markets of the neurology endoscopy devices.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.