Infinium Global Research has added a new report on Neurology Endoscopy Devices Market. The report presents analysis of global as well as regional markets of neurology endoscopy devices market over the period of 2016 to 2024.
Neurology endoscopy devices is a minimally invasive surgical procedure devices that helps 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 consists 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.
The global market size of neurology endoscopy market was worth USD XX million and it is projected to reach to USD XX million by 2024.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 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.
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.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global neurology endoscopy devices market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that North America dominated the global neurology endoscopy devices market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the neurology endoscopy devices market worldwide.
The report segments the global neurology endoscopy devices market on the basis of Product, Disease Indication and End-User.
Global Neurology Endoscopy Devices Market by Product
· Endoscopes
· Visualisation System
· Operative Devices
· Accessories
Global Neurology Endoscopy Devices Market by Disease Indication
· Nervous System Disease
· Alzheimer’s Disorders
· Brain Tumor
· Brain Cancer
· Others
Global Neurology Endoscopy Devices Market by End-User
· Hospitals
· Clinics
· Ambulatory Surgery Centers
Companies Profiled in the Report
· Boston Scientific Ltd
· Arthrex Inc.
· Fujifilm holding Corporation
· Johnson & Johnson
· C.R. Bard
· Olympus Coporation
· Medtronic Plc
· Hoya Corporation
· KARL STORZ GmbH & Co. KG
· Adeor Medical AG
About Infinium Global Research
Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
