The Global Neuroendoscopy Devices Market size is anticipated to reach USD 204.4 million by 2026 with a CAGR of 7.12% by 2026. This is attributable to the increasing prevalence of brain disorders such as brain tumors and optic nerve compression. The market value stood at USD 117.5 million in 2018.
The information presented above is provided in a recently published report by Fortune Business Insights™ titled, “Neuroendoscopy Devices Market Size, Share & Industry Analysis, By Product Type (Rigid Neuroendoscopes, Flexible Neuroendoscopes), By Application Type (Transnasal Neuroendoscopy, Intraventricular Neuroendoscopy, Transcranial Neuroendoscopy), By End User (Hospitals, Specialty Clinics, Others) and Regional Forecast, 2019-2026.”
Key Players Operating in The Neuroendoscopy Devices Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Nevro Corporation
- Ackermann Instrumente GmbH
- Adeor medical AG
- Braun Aesculap
- Tonglu WANHE Medical Instrument
- Machida Endoscope
- Clarus Medical LLC
- Schindlerendoskopie technologie GmbH
Highlights of the Report:
- In-depth analysis of various insights, namely, Neuroendoscopy Devices Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Neuroendoscopy Devices Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Rigid Endoscopes will Hold Dominant Share on Account of Presence of High-resolution Optical Glass Rod Lenses for Enhanced Visualization
Based on product, the market is bifurcated into flexible neuroendoscopes and rigid neuroendoscopes. Among these, the rigid neuroendoscopes segment is holding a major neuroendoscopy device market share. This is ascribable to the fact that rigid endoscopes are made of metal tubes containing lenses and light channels for diagnosis. These endoscopes are integrated with a series of high-resolution optical glass rod lenses for enhanced viewing of inaccessible parts of the brain.
Competitive Landscape –
Entry of New Players to Intensify Market Competition
The competitive landscape of the global neuro endoscopy devices market is fragmented in nature due to the entrance of multiple startups. On the other side, companies such as Karl Storz and b. Braun are contributing immensely to the neuroendoscopy devices market revenue by holding a major proportion of shares in the U.S. Companies are focusing on development and launch of new products that will help improve treatment procedure on the one hand and help players hold a strong position in the market.
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