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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The global market for neuroendoscopy devices can be segmented as follows:
- By surgery type
- Intra ventricular neuroendoscopy
- Transcranial neuroendoscopy
- Transnasal neuroendoscopy
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.
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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.
North America and Europe contributed the
largest market share in the global endoscopy devices market due to
extensive technological advancement in neuroendoscopy devices in these
regions. Moreover, strong demand of diagnostic tests accentuates the
market growth in North American and European regions. Government
initiatives are further expected to accentuate the market growth in
these regions. Presently, Asia-Pacific and RoW are considered as
untapped market due to lack of proper diagnostic facilities in some
remote areas of Asian and African countries. However, Asia-Pacific is
considered as an emerging market (forecast period) due to strong
economic growth forecasted in some countries such as India, China, Japan
and Malaysia which would increase the market share of neuroendoscopy
devices in this region.
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Some of the major market players
contributing in the global market share of neuroendoscopy devices
include Boston Scientific Corporation, Fujifilm Holding Corporation,
Hoya Corporation, Olympus Corporation, Boston Scientific Corporation,
Karl Storz GMBH & CO. KG, Johnson & Johnson, Given Imaging Inc.,
Cook Medical Incorporated, Conmed Corporation, C.R. Bard Inc., Arthrex
Inc., Aesculap Inc., Accellent Inc.
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