The Global Neuroendoscopy Devices market was valued $xx Mn in 2020 and is expected to reach $xx Mn in 2026, at a CAGR of xx% during forecast period.
Market Overview & Dynamics:
Neuroendoscopy is a medical procedure of applying an endoscope to the treatment of conditions of the central nervous system. Neuroendoscopy is being increasingly used in brain, spine and skull base pathologies in neurosurgery because of its improved visualization and better illumination. It has been used in wide variety of indications such as cranial cyst (33), hematoma evacuations, infective conditions, endoscopic third ventriculostomy, intraventricular lesions, rhinorrhea, pituitary tumors, etc.
Increasing cases of brain tumor worldwide is expected to drive the Neuroendoscopy devices market.
According to the report by American Society of clinical oncology (ASCO) in 2019 estimated around 23,820 cases of brain tumor in US. Hence, increasing prevalence of such ailments provides growth opportunities for the market. Along with this, increasing trauma and spinal cord injuries caused due to road accidents or any other factor drives the market. Benefits like minimal invasion, faster recovery and less pain than traditional surgery, improved visualization of intraventricular pathology, safer biopsies are escalating the market growth. Modern neuroendoscopic techniques are enabled by, and are dependent upon, purpose built Neuroendoscopes utilizing high-quality optical systems and dedicated instrumentation. Developments in imaging and advanced fiber optics have paved a way for remarkable developments in Neuroendoscopy.