Neuroendoscopy Devices Market Share and Growth Factors Impact Analysis 2015 – 2023

Endoscope is a medical device in which a small telescope-like instrument is equipped with high resolution video camera that allows the surgeon to navigate and access tumor. Endoscopy devices are utilized for the diagnosis of almost all kind of cancer. Neuroendoscopy is a minimally invasive procedure in which removal of tumor takes place through small hole in the skull or through nose. Neuroendoscopy is mostly preferred over traditional surgery due to the fact that it enables access in most parts of brain that cannot be done with traditional surgery. Moreover, it is able to remove the tumor without cutting or harming the other parts of skull. Some of the advantages of neuroendoscopy over tradition surgery include less pain than traditional surgery, minimal scarring and faster recovery than traditional surgery. Neuroendoscopy is widely utilized for the treatment of brain tumor that includes acoustic neuromas, skull base tumors, pituitary tumors and metastatic brain tumors.

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Intra ventricular neurosurgery is considered as the most promising segment in the global neuroendoscopy devices market. Currently, intra ventricular neuroendoscopy devices market constitutes the largest market share and highest CAGR among all the above mentioned segments. This dominance is witnessed due to large number of neurosurgical procedures performed with these devices, which consequently increases the demand of the devices globally.

With growing number of people undergoing neuroendoscopy procedures the demand of neuroendoscopy devices is also increasing significantly. Moreover, technological advancement in neuroendoscopy devices will further accentuate the global neuroendoscopy devices market. Introduction of innovative devices such as HD camera and sophisticated instrument have triggered the demand for advanced endoscopy devices and this will continue in future. Safety and efficacy during surgery is also a significant market deriving factor associated with neuroendoscopy devices is acknowledged worldwide. Moreover, due to extensive advancement of neuroendoscopy assisted minimally invasive surgical procedure the global market of neuroendoscopy devices witnessing a significant growth. In addition, increasing prevalence of brain tumor also derives the demand of neuroendoscopy devices in the global market.  Moreover, high cost associated with neuroendoscopy devices could pose a threat for the growth of the global endoscopy devices market.

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