Global Neuroendoscopy Devices Market Report and Forecast 2024-2032

Global Neuroendoscopy Devices Market Outlook

The global neuroendoscopy devices market size attained a value of more than USD 143.19 million in 2023. The market is further expected to grow at a CAGR of 6.90% between 2024 and 2032, driven by the increasing prevalence of brain tumours. 

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Key Trends in the Market

Neuroendoscopy is defined as a minimally invasive surgical technique which facilitates the illumination and inspection of hard-to-reach parts of the surgical areas, particularly of the brain and spine. Neuroendoscopy devices refer to the equipment used in these surgical processes to carry out diagnostic and therapeutic process mainly in the central nervous system. These devices can be rigid or flexible, depending upon the area of usage, and are typically slender for easier insertion and movement.

• The global neuroendoscopy devices market is being driven by the minimally invasive nature of these devices. By using these specialised devices for neuroendoscopy procedures, healthcare professionals can decrease the disruption of tissues, enhance visualisation, improve outcomes, and reduce hospitalisation time.

• The heightened demand for neuroendoscopy devices to treat various disorders including cysts, intraventricular tumours, skull base lesions, craniosynostosis, and brain tumours, among others, is a market growth accelerator.

• Research and development by market key players are resulting in technological upgradations of neuroendoscopy devices for further improvements in performance. These upgraded devices include smartphone-enabled neuroendoscopy devices which are easy to use and are cost-effective.

Market Analysis

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Based on product type, the market can be segmented into rigid neuroendoscopes and flexible neuroendoscopes. On the basis of application, the market can be classified into transnasal neuroendoscopy, intraventricular neuroendoscopy, and transcranial neuroendoscopy. By end-user, the market can be divided into hospitals and clinics, and medical research centres, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global neuroendoscopy devices market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• B. Braun Aesculap

• Clarus Medical LLC

• DIMEDA Instrumente GmbH

• KARL STORZ ENDOSCOPY-AMERICA, INC.

• Advin Health Care

• Machida Endoscope Co., Ltd.

• Others

Market Share by Product Type

Although both rigid and flexible neuroendoscopes are used in neuroendoscopy procedures and are expected to account for a healthy portion of the neuroendoscopy devices market, rigid neuroendoscopes have been witnessing a heightened demand. Rigid neuroendoscopes produce high quality images while enabling smooth passage for instruments. Angled rigid neuroendoscopes are among the most frequently used neuroendoscopes because of their high visualising capability, available in 30-, 45-, and 70- axis of observation. 

Meanwhile, flexible neuroendoscopes are expected to witness a steady growth in the forecast period because of the transparent fibres employed in these devices which enable detailed inspection and treatment of the interior parts of the body. Their ability to provide images of hard-to-reach portions of the body are expected to push their incorporation across the healthcare units, which in turn are likely to bolster the neuroendoscopy devices market. 

Market Share by Application

The intraventricular neuroendoscopy segment, based on application, accounts for a healthy share of the market as it is used in the routine part of neurosurgery diagnosis, treatment, and training. Neuroendoscopy devices are witnessing a heightened application in complex procedures such as intraventricular tumour resection. Over the forecast period, the development of new neuroendoscopy devices with enhanced versatility, added safety, user-friendliness, smoother applications, and greater practicality, are expected to boost their demand in intraventricular neuroendoscopy in the forecast period.

On the other hand, the increasing prevalence of haemorrhagic stroke is leading to a greater dependence on transcranial neuroendoscopy approach, which in turn is expected to boost the neuroendoscopy devices market in the forecast period. 

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Competitive Landscape

B. Braun Aesculap is one of the largest surgical instrument manufacturers across the world and provides expertise on orthopaedics, spinal implants, neurosurgery, and vascular systems, among others. B. Braun Aesculap is also focussed on innovating and establishing new surgical methods to treat damaged tissues or bones. With headquarters in Melsungen, Germany, the company was founded in 1867.

Clarus Medical LLC is a prominent medical device manufacturing company which has a significant experience in producing small-diameter, high-quality endoscopes. The medical product portfolio of Clarus Medical LLC includes intubation scopes, minimally invasive treatment devices, inspection borescopes, and neuroendoscopes, among others. It specialises in equipment for neuro, spine, airways, and inspection. The company is headquartered in Minneapolis, United States. 

DIMEDA Instrumente GmbH is a medical company founded in the year 1976 and is currently headquartered in Tuttlingen, Germany. It is a worldwide provider of high-quality medical technologies. The product portfolio of this company includes general instruments, microsurgical instruments, and instruments developed for high-frequency surgeries, among others. It works closely with surgeons of various medical specialities to develop its products. 

Other market players include KARL STORZ ENDOSCOPY-AMERICA, INC., Advin Health Care, and Machida Endoscope Co., Ltd., among others.

Key Highlights of the Report