Neuroendoscopy Devices Market is geared to grow at a CAGR of 7.9% from 2023 to 2032, owing to rising prevalence of neurological disorders | insightSLICE
The market for Neuroendoscopy Devices was valued at US$ 163 million in 2021 and is projected to increase at a CAGR of 7.9% from 2023 to 2032.
The market share, trends, analysis, and projections for the years 2022 to 2032 are just a few of the topics that will be covered in the report for the global neuroendoscopy devices market. Herein, 2020 is used as the historical period, 2021 as the base year, and 2022 through 2032 as the actual prediction period in this study.
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The competitive environment is taken into account in this study, which also offers top competitors in the global market for neuroendoscopy devices company overviews and market forecasts.
In addition, the report will include information on important advancements, global and regional sales networks, business strategies, research and development initiatives, staff strength, and key executives for all significant market participants.
The key players of the Global Neuroendoscopy Devices Market are:
Adeor Medical AG, Ackermann Instrumente GmbH, B. Braun Melsungen AG, Carl Zeiss Meditec AG, Clarus Medical LLC, Medtronic plc, Hawk, KARL STORZ SE & Co. KG, Schindler Endosckpe Technologie GmbH, Olympus Corporation, Stryker, and Tonglu Wanhe Medical are significant market participants in the Neuroendoscopy devices market.
What are the factors propelling the growth of global Neuroendoscopy Devices market?
Micro-neurosurgery and other less invasive surgical methods, such as neuroendoscopy, have emerged as feasible alternatives to traditional treatment options.
Strong demand for minimally invasive surgical treatments, a high prevalence of neurological illnesses, and technical improvements are the main factors propelling the global market for neuroendoscopy devices.
For the management of obstructive hydrocephalus, intraventricular and paraventricular tumors and tumors, clival chordomas, pituitary tumors, meningiomas, and craniopharyngiomas, neuroendoscopy devices are typically employed in minimally invasive procedures.
The market for neuroendoscopy devices is anticipated to develop in the coming years as a result of the rising need for craniofacial, trans nasal trans, and sphenoidal endoscopy for treating massive skull base abnormalities.
During the projected timeline, the market for neuroendoscopy devices is expected to be driven by government initiatives and a favorable regulatory environment.
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What will our report for Neuroendoscopy Devices market cover?
The report offers an in-depth overview of the key competitors with the bulk of the global market share, with an emphasis on all functioning business segments, and would identify the firm segment concentrating on Neuroendoscopy devices.
Also evaluated will be the market shares of well-known firms in the worldwide Neuroendoscopy devices market. For example, according to B. Braun Melsungen AG’s examination of its product segments, the company’s B. Braun Hospital Care’s business division generated the majority of the company’s USD 8082.2 million in revenue in 2019.
B. Braun Hospital Care, B. Braun Aesculap, B. Braun Out Patient Market, and B. Braun Avitum are the four main business segments throughout which they conduct their operations. The B.Braun Aesculap division of the corporation provides neuroendoscopy devices, contributing US$3,632.5 million in revenue in 2019.
The report takes into consideration vital competitive data, including company strategy, brand portfolio, important developments, SWOT analysis, and the emphasis on R&D initiatives of all the makers of neuroendoscopy equipment.
The participants involved in the market’s distribution network and cost structure, as well as their contributions, will be considered in the global market analysis for neuroendoscopy devices. The company’s whole line of goods that fall under the Neuroendoscopy devices corporate sector would be the focus of the product portfolio.
Similar to this, the current developments section will concentrate on the most recent firm developments, including geographic expansion, mergers and acquisitions, the introduction of new products, and strategic partnerships and agreements in the market for worldwide neuroendoscopy devices.
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Global Neuroendoscopy Devices Market Key Segments:
By Device Type
- Rigid Neuroendoscopy
- Flexible Neuroendoscopy
By Surgery Type
By End Use
- Medical Research Centers
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Which regions are expected to have highest growth?
Due to the increasing incidence of neurological diseases, the acceptance of cutting-edge medical devices for the treatment of complex neurology conditions, and the rapid expansion of minimally invasive surgical procedures, North America accounted for the lion’s share of the global market for neuroendoscopy devices in 2019 and is predicted to continue to hold this position throughout the forecast period.
Moreover, it is projected that favorable regulatory environments, the presence of top manufacturers, and rising product innovation investments will support the expansion of the North American neuroendoscopy devices market in the years to come.
The region’s rising prevalence of neurological disorders, growth of the healthcare device manufacturing sector, and rising awareness of minimally invasive procedures all contribute to the significant growth that the Asia Pacific Neuroendoscopy Devices Market is predicted to experience during the forecast period.
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