Endoscopy Device Market Overview

Endoscopy Device or Neuro-endoscopy is a minimally invasive neurosurgical procedure performed to correct hydrocephalus, remove tumors, treat vascular disease, and manage other disorders. Neuro-endoscopic procedures commonly result in less pain, less scarring than craniotomy (open surgery), and shorter recovery times.

Augmenting demand for less/minimally invasive procedures, worldwide, predominantly drives the Endoscopy Device Market growth for Neuroendoscopy. Over the past few years, the market has emerged as a well-established space, growing pervasively. Alongside the Increasing prevalence of cancerous tumors and diseases, other factors substantiating the market growth are changing lifestyle, and the inclination towards the sedentary lifestyle among people, leading to the occurrence of various types of cancer.

Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) in its recently published study report asserts that the global Endoscopy Device market will grow exponentially by 2023, posting a CAGR of 5.2% during the forecast period of 2017–2023.

Growing prevalence of brain tumors worldwide is driving the market growth, escalating the market to the global platform. Introduction of the novel medicines & therapies that can give the improved outcomes, provides impetus to the growth of the market.

Undoubtedly, technological advancements transpired into the field of medical science is also a predominant factor propelling the market growth. Seminal efforts & investments put into the development of innovative surgical procedures, by the majority of market players are driving the market growth. Favorable reimbursement policies are playing a significant role, fostering the market growth to an extent.

On the flip side, factors such as low awareness among people about benefits of Neuroendoscopy, along with the high manufacturing cost of the devices & medicines used in the procedure which eventually increases the cost of the surgical procedures, are some of the key factors obstructing the market growth.

Global Endoscopy Device Market – Segments

The MRFR analysis is segmented into five key dynamics for the convenience of understanding;

By Products : Rigid, and Flexible Neuroendoscopes.

By Applications : Transnasal, Intraventricular, and Transcranial Endoscopy Device among others.

By Usability : Reusable, and Disposable among others.

By End-User : Hospitals, Clinics, and Medical Research Centers among others.

By Regions : North America, Europe, APAC and the Rest-of-the-World.

Global Endoscopy Device Market – Geographical Analysis

Globally, North America accounts for the leading market for Endoscopy Device possessing the largest market share, followed by Europe & Asia Pacific market, respectively. The region will retain its hegemony during the review period, continuing with the same growth trends.

Factors fostering the market growth include the increasing number of cases of brain tumors, well-proliferated healthcare sector, huge uptake of technology, high healthcare expenditure, and the presence of leading market players.

Whereas the world’s second-largest market for Neuroendoscopy, Europe, is fostered by the high per capita income and penetration of healthcare in the region. Huge market growth in the countries like the UK, Germany & France drives the regional market growth on a large scale.

Furthermore, the increasing demand for minimally invasive surgeries, the research and development expenditure provided by the public and private associations, increasing competition among key players, increasing patient population, and amendments in reimbursement of healthcare policies are expected to foster the market growth in the European region.

The Asia Pacific market for the Endoscopy Device is expected to perceive an exponential growth, emerging as one of the promising markets. Attributing to the huge patient population and the availability of low-cost procedures and drugs to treat the diseases, growing markets in Indian and China will lead the market growth.

Additional factors that would support the market growth include favorable government policies and the burgeoning medical tourism market in the region.

Endoscopy Device Market – Competitive Landscape

The market for Endoscopy Device appears fragmented and fiercely competitive due to many large and small players churning the competition in the market. Through the strategic partnership, acquisition, expansion, product & technology launch, and collaboration, these players try to gain the competitive edge.

Endoscopy Device Market Key Players:

The market is driven by some of the eminent players including B. Braun (Germany), KARL STORZ (Germany), Ackermann Instrumente (Germany), Hangzhou Hawk Optical Electronic Instruments (China), Adeor Medical (Germany), Machida Endoscope (Japan), Schindler Endoskopie (Germany), Tonglu Wanhe Medical Instrument (China), Clarus Medical (US), Visionsense Corporation (US), LocaMed (UK), Olympus Corporation (Japan), Stryker (US), Zeiss International (Germany), and Medtronic (US).

Browse Full Report with TOC at: https://www.marketresearchfuture.com/reports/endoscopy-devices-market-1967

Endoscopy Device Industry/Innovations/Related News:

June 11, 2018 – World’s Advanced Saving Project (WASP - Italy), a leading global 3D Printer Manufacturer engaged in developing 3D printing devices launched a new Digital Orthopedic Laboratory in Syria.

Professional mechanical and technical experience of several matured physicians, the specialist in Medicine and Surgery, and neurosurgeon, experts in cerebral neuro-endoscopy is used to develop the WASP system and help those in need.