Global Neurology Endoscopy Devices Market 2017-2021
About Neurology Endoscopy Devices
Endoscopy is a minimally invasive (MI) medical procedure that is used for the diagnosis, prevention, and treatment of complications in the internal organs of the body. A neurology endoscopy device, which is a type of endoscope, is inserted into the patient's brain through a small incision. The camera or the light source at the tip of the endoscope allows the physician or medical professional to view the brain and perform complex surgeries. Neurology endoscopy devices are used to perform brain tumor, brain cancer, traumatic brain injury (TBI) and stroke-related surgeries. Brain tumor is one of the most common condition for which there is growing adoption of minimally invasive treatment.
Technavio’s analysts forecast the global neurology endoscopy devices market to grow at a CAGR of 7.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global neurology endoscopy devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various types of neurology endoscopy devices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Neurology Endoscopy Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global neurology endoscopy devices market: adeor medical, Aesculap, and KARL STORZ.
Other Prominent Vendors in the market are: Ackermann, Hawk, Kapalin Biosciences, MACHIDA Endoscope, NICO, Pro Delphus, Renishaw, Richard Wolf, Rudolf Medical, WANHE Medical, and Visionsense.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is integrated neuro endoscopy with surgical devices. Neurology endoscopes are integrated with surgical devices, so there are a few companies that are focusing on surgical devices that can improve the efficiency of surgeries. NICO developed the NICO Myriad system, which is an automated disposable resection device that can be used during neurology endoscopy. The resection device is used for the resection of pituitary tumors, craniopharyngiomas, colloid cysts, and for other neurosurgical disorders.”
According to the report, one of the major drivers for this market is government initiatives and demand for brain surgeries. An increase in the prevalence of brain cancer and brain tumor cases led to a rise in healthcare costs. To reduce the burden on citizens, governments of various developed countries such as the US and the UK took some initiatives. If detected at an early stage, the disease can be treated completely and causes less psychological and financial burden on patients and the healthcare system.
Further, the report states that one of the major factors hindering the growth of this market is lack of trained neurologists. The adoption of minimally invasive surgery such as endoscopy is increasing worldwide. However, most surgeons are not qualified to perform the surgery. In addition, because of the benefits, most patients prefer minimally invasive procedures. Therefore, companies are providing training to surgeons to overcome this hurdle.
adeor medical, Aesculap, KARL STORZ, Ackermann, Hawk, Kapalin Biosciences, MACHIDA Endoscope, NICO, Pro Delphus, Renishaw, Richard Wolf, Rudolf Medical, WANHE Medical, Visionsense.
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