Mounting incidences of brain tumors across the world are expected to offer a positive impetus to the overall neuroendoscopy market in the years to come.
Mounting incidences of brain tumors across the world are expected to offer a positive impetus to the overall neuroendoscopy market in the years to come. In fact, as per Cancer.org estimates, approximately 23,890 adults and about 3,540 children below the age of 15 years are likely to be diagnosed with primary cancerous brain tumors across the United States. These daunting statistics have put forth the need to have proper treatment procedures, paving way for the development of overall neuroendoscopy market.
Besides, innovations in neuroendoscopy are also complementing the burgeoning market statistics producing tremendous opportunities for the industry players to develop highly advanced devices. For instance, researchers across the world have found smartphones to be highly essential to carry surgeries inside the brain. Integration of smartphones with an endoscope instead of video systems is expected to make the procedure even more convenient. Such trends, in line with the ones mentioned below, are estimated to potentially drive the growth of overall neuroendoscopy market, enabling it to account for a valuation of $250 million over 2019 to 2025:
Rising prominence for rigid neuroendoscopes
Rigid neuroendoscopes are generally considered to be widely used products for carrying out endoscopic procedures for over a while now, given its ability to investigate the internal body organs with help of a tubular telescope. It was reported that the product segment acquired a business share of USD 120 million in 2018 and is estimated to expand profusely in the ensuing years. This can be aptly ascribed to rising application of these devices in intraventricular neuroendoscopy.
Enhanced use for transnasal endoscopy
The application spectrum of neuroendoscopy market is highly characterized by transnasal neuroendoscopy segment, which according to the Global Market Insights, Inc., is anticipated to depict a CAGR of 25.1 per cent through 2025. This growth generally comes from its wide use for direct visualization, therapeutic as well as diagnostic procedures.
Not only this, but transnasal neuroendoscopy is also generally preferred for carrying out surgical procedures, which means that innovations and advancements in surgical instrumentation are poised to offer a lucrative growth path to the overall transnasal endoscopy segmental growth.
Improved used of disposable neuroendoscopes due to increasing risk levels
Considering the usability of neuroendoscopes, it is quite evident that demand for disposable endoscopes is touted to soar to new heights amidst the global coronavirus scare. These endoscopes are sterile and possess relatively lower risk of patient infection: a property that accelerates the segmental value to an all new valuation. Estimates claim that the disposable neuroendoscopes segment would exhibit a growth rate of 5.5% over the foreseeable timespan. What more has been driving the adoption of these products is the potential development of temporary disposable neuroendoscopes for the central nervous system and brain surgeries.
To access sample pages of this report titled, “Neuroendoscopy Market Size 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) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/4039
Increased use in pediatric patient pool
Speaking of which age group is currently demanding massive use of these procedures, it would be essential to mention that the pediatric segment stands tall in the overall market realm, mainly due to the rising prominence of common tumor types like astrocytomas, ependymomas, medulloblastomas, and brainstem gliomas in children. On top of that, qualified pediatric neurosurgeons’ presence in some of the developed economies of the world is also anticipated to fuel the product demand in the pediatric patient pool in near future. For the records, the segment accounted for a fair share of USD 25 million in 2018 and is looking forward to acquiring over a massive share by 2025 end.
Booming use across the economies of Asia Pacific
With a remuneration of USD 30 million in 2018, Asia Pacific has emerged as a remunerative growth ground for overall neuroendoscopy industry. Thanks to the expanding awareness amongst individuals regarding these procedures to efficiently diagnose patient health. Needless to mention, elevating healthcare expenditure across the countries of Asia Pacific like India, China, and Japan would further promote regional growth in the years ahead.
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