Neuroendoscopy Market - By Product (Rigid Neuroendoscopes, Flexible Neuroendoscopes), By Usability (Reusable Neuroendoscopes, Disposable Neuroendoscopes), By Patient (Adult, Pediatric), By Application, By End-use & Forecast, 2023 – 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationNeuroendoscopy Market Size
Neuroendoscopy Market size was valued at around USD 142.7 million in 2022 and is anticipated to grow at a CAGR of over 5.4% between 2023 and 2032. This incremental growth rate is owing to increasing prevalence of neurological disorders, coupled with ageing population and technological advancements in neuroendoscopy devices.
Growing number of brain tumor cases across the globe will result in augmenting the demand and adoption rate of neuroendoscopy surgical procedures. Moreover, several types of tumors such as acoustic neuroma and craniopharyngioma among others will further increase the number of neurosurgery procedures, fueling the neuroendoscopy industry expansion.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Neuroendoscopy Market Size in 2022 | USD 142.7 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5.4% |
| 2032 Value Projection | USD 241.3 Million |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 220 |
| Tables, Charts & Figures | 683 |
| Segments covered | Product, Application, Usability, Patient, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Neuroendoscopy is a minimally invasive surgical procedure used to diagnose and treat neurological conditions within the brain, spinal cord, or surrounding structures. These devices are incorporated with thin, flexible tube with a light source and a camera attached to its tip to access the target area.
There's a big problem in developing countries that's holding back the use of neuroendoscopy devices, which are really advanced tools for treating brain and spine issues. These devices are super cool and keep getting better, but the problem is there aren't enough skilled doctors and nurses who know how to use them. To do neuroendoscopy, you need to be really good at it. You need to know what you're doing and be able to use the latest technology. But in many parts of the world, there aren't enough trained people to do this kind of work. This means that people who need these procedures can't get them. It's like having a great car but not having anyone who knows how to drive it. And it's not just a lack of skilled workers that's the problem. These countries also don't have enough hospitals or clinics with the right equipment. So even if there were enough skilled people, they wouldn't have the resources they need to help patients. All of these factors together make it hard for people in these countries to get the healthcare they need. And as more and more people suffer from chronic conditions, the problem is only going to get worse. So, unless we can find a way to train more skilled healthcare professionals and provide them with the resources they need, it's going to be tough to make progress in treating brain and spine disorders in these regions.
COVID-19 Impact
The COVID-19 pandemic hit the neuroendoscopy market hard. Governments around the world locked down cities and restricted travel, making it harder for people to get the medical care they needed. Most brain and spine procedures aren't emergencies, so they often got put on hold. But as the pandemic eased, countries started lifting the restrictions on non-urgent medical services. More people with neurological issues started seeking treatment, leading to a rise in demand for neuroendoscopic procedures. Despite the setbacks caused by COVID-19, the neuroendoscopy industry is expected to grow in the coming years. This is because more people are being diagnosed with neurological conditions, new technologies are being developed, and governments are investing more money in healthcare.
Neuroendoscopy Market Trends
Recent technological advancements and developments in manufacturing of novel neuroendoscopy devices will boost the market growth in the near future. Several novel neuroendoscopy devices and new technologies have significantly impacted the neuroendoscopy industry growth owing to enhancement in fiber optics and imaging, and innovation in new surgical approaches. Continuous upgradation of technology allows introduction of numerous types of technologically intensive neuroendoscopes that assist neurosurgeons in conducting complicated brain and central nervous system related surgeries. Development of such neuroendoscopes has resulted in growing convenience and ease of performing surgical procedures accelerating the business growth across the globe.
Neuroendoscopy Market Analysis
When it comes to neuroendoscopes, the market breaks down into two main typesrigid and flexible. Rigid neuroendoscopes are the big players in the market, holding over 66% of the pie. These tools are like miniature cameras that can be inserted into the body through natural openings, giving doctors a clear view of the affected area. Compared to flexible neuroendoscopes, rigid ones give you sharper images and better control. They can also reach deeper into the body and provide better irrigation and suction. And because they're more durable, they can handle multiple uses and sterilization, making them a cost-effective choice for repeated procedures.
When it comes to neuroendoscopy, there are three main types based on how they're usedtransnasal, intraventricular, and transcranial. Among them, intraventricular neuroendoscopy has been bringing in the most money, with over $73 million in 2022. This is mostly because of the rise in neurological disorders, brain tumors, and biopsies, along with the growing number of older people. Intraventricular neuroendoscopy is a surgery that uses a tiny camera to look inside the brain's ventricles. This allows doctors to see and treat problems like brain tumors and cysts. For instance, neuroendoscopy can be used to reach and take a sample of tumors like colloid cysts or ependymomas. The camera gives doctors a clear view of the tumor, which helps them collect an accurate sample for testing.
When it comes to how they're used, neuroendoscopes come in two main typesreusable and disposable. Reusable neuroendoscopes dominated the market in 2022, raking in a whopping $123 million. This is because they're so darn useful in helping doctors do all kinds of things during minimally invasive surgeries, like diagnosing and treating chronic diseases. What makes them so popular? Well, they don't cost much to keep up, and it doesn't take long to clean them. Plus, you can use them over and over again. They're like the Energizer Bunny of medical instruments! They've also got a positive impact on the environment because they don't create as much medical waste. And if that wasn't enough, reusable neuroendoscopes are more affordable than other options. They're also easier to get your hands on, and people are increasingly asking for them because they can be used to perform less invasive surgeries. All of this has led to a major boost in their popularity.
The neuroendoscopy market is divided into two partsadults and children. In 2022, adults made up the biggest part of the market, and it's expected to grow by 5% each year until 2032. As people get older, they need more endoscopies to diagnose diseases. This is because older people are more likely to have age-related health problems. For example, the American Society of Clinical Oncology (ASCO) says that in 2020, about 308,102 adults were diagnosed with brain tumors, and that number is expected to go up in the future. So, as the population ages and people live less active lives, more and more people will need neuroendoscopes.
When it comes to neuroendoscopy, hospitals are the most important players in the market, followed by places like outpatient surgery centers and diagnostic centers. In 2022, hospitals had the biggest share of the market, and this is expected to keep growing steadily by 4.9% each year from 2023 to 2032. Why are hospitals so big in this market? It's because they have the best neuroendoscopy tools to find and treat different long-term illnesses. Because these tools make it easier and more possible to get a wide range of treatments, the market is expected to grow. Hospitals are also at the forefront of innovation, with state-of-the-art facilities and insurance coverage for patients. This, along with the growing number of brain surgeries and skilled healthcare professionals, is driving the growth of this segment. With more and more people getting sick, the need for neuroendoscopy in hospitals has gone up a lot. So, the segment is expected to grow because more and more people are going to hospitals for better care and more people are getting chronic diseases.
The medical world is buzzing with excitement over a procedure called neuroendoscopy, which helps diagnose and treat brain and nervous system problems. This cutting-edge technique is expected to make a huge splash in the United States, with a market value of nearly $80 million by 2032. So, what's driving this growth? It's a combination of factors, like the growing number of specialized doctors, the rise in neurological diseases, and the spreading word about how neuroendoscopy can help with these conditions. For example, a whopping 47 out of every 100,000 Americans had neurological problems in 2020, and that number is only going up. This surge in cases means more people will need neuroendoscopy, boosting the demand for the procedure and driving the market forward.
Neuroendoscopy Market Share
Some of the major players operating in the neuroendoscopy market are
- Ackermann Instrumente GmbH
- Adeor medical AG
- Advanced Biologics
- AdvinHealthcare
- B. Braun Melsungen AG
- Chongqing Xishan Science & Technology Co., Ltd.
- Clarus Medical LLC
- KARL STORZ
- Machida Endoscope Co., Ltd.
- Schindlerendoskopie technologie GmbH
These leading market players are implementing advanced technologies to cater to the large unmet needs of the consumers. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products.
Neuroendoscopy Market News
- In January 2021, ClearMind Biomedical announced that they had received the U.S. FDA for its Axonpen System, a novel neuroendoscope. This neuroendoscope provides illumination and visualization of intracranial tissue and fluids, and the controlled aspiration of tissue and/or fluid during surgery. This regulatory approval helped the company to increase their R&D capabilities and enhance their product portfolio.
- In August 2021, Adeor Medical AG annoufnced a strategic partnership with ClearPoint Neuro, Inc. a global therapy-enabling platform company providing navigation and delivery to the brain. This partnership incorporated the distribution of medical devices and equipment intended for neurosurgery by ClearPoint Neuro, Inc. in the U.S. This strategic agreement helped the company to enhance their customer base and increase their business revenue.
Neuroendoscopy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million and Units from 2018 to 2032, for the following segments Click here to Buy Section of this Report
By Product
- Rigid Neuroendoscopes
- Rigid Fiberscopes
- Rigid Videoscopes
- Flexible Neuroendoscopes
By Application
- Transnasal Neuroendoscopy
- Intraventricular Neuroendoscopy
- Transcranial Neuroendoscopy
By Usability
- Reusable Neuroendoscopes
- Disposable Neuroendoscopes
By Patient
- Adult
- Pediatric
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- The Netherlands
- Switzerland
- Sweden
- Belgium
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Taiwan
- Malaysia
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Iran
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