Global Neurology Endoscopy Devices Market 2017-2021

Overview of the global neurology endoscopy devices market

According to the neurology endoscopy devices industry analyis, Technavio’s market research analyst predicts the global neurology endoscopy devices market to grow at a CAGR of over 7% between 2017 and 2021. This market is witnessing the emergence of several neurosurgery technologies, which will modify the delivery paradigm of surgical deliveries. Several manufacturers in the market are also adopting robotic-assisted surgeries to enhance the precision and efficacy. Also, many neuro specialty hospitals are incorporating their operating rooms with neurology endoscopy devices, which aids in performing accurate brain or neurological surgeries. Moreover, the introduction of 3D imaging in endoscopes has not only enhanced the visibility aspects but also has led to the better perception and evaluation of the nerve damage. One of the latest developments in the market is the integration of neurology endoscopes with the surgical devices. Neurology endoscopes are integrated with surgical devices to improve the efficiency of surgeries. Foer instance, NICO came up with the NICO Myriad system, which is an automated disposable resection device that is used during neurology endoscopy. The resection device is used for the resection of craniopharyngiomas, pituitary tumors, colloid cysts, and other neurosurgical disorders.

Based on the neurology endoscopy devices market overview, the Americas led the global market for neurology endoscopy devices and will continue to maintain its dominance over the forecast period. The US is the major revenue contributing country in the region owing to the availability of better healthcare facilities, surging implementation of minimally invasive surgical procedures, and increasing incidences of neurological disorders. With the growing focus on neurosurgery research and clinical trials, the endoscope camera market in the region will witness considerable growth in the coming years.

Competitive landscape and key vendors

The global neurology endoscopy devices market comprises of large (tier-1), medium (tier-2), and small-sized (tier-3) companies. Tier-1 vendors occupy around 85% of the overall market share and primarily involve in M&As to manufacture and form alliances to distribute neurology endoscopy devices. The technological advancements and product innovations will augment the competitive scenario among endoscopy equipment suppliers. Moreover, developments in surgical devices and accessories used in neurology endoscopes will also aid in the growth of the endoscope camera market.

Leading vendors in the market are -

• adeor medical
• Aesculap
• KARL STORZ

Other prominent vendors in the neurology endoscopy devices market include Ackermann, Hawk, Kapalin Biosciences, MACHIDA Endoscope, NICO, Pro Delphus, Renishaw, Richard Wolf, Rudolf Medical, WANHE Medical, and Visionsense.

Product segmentation and analysis of the neurology endoscopy devices market

• Neurology endoscopes
• Surgical instruments and accessories

Since surgical instruments and accessories are highly adopted products in the endoscope camera market, it has led to the massive growth of this segment. The requirement for surgical instruments and accessories is growing continuously owing to the rising incidences of brain tumor. Companies such as Aesculap, Hawk, and Richard Wolf are dominating the market by launching neurology endoscopes and surgical instruments and accessories.

Segmentation by application and analysis of the neurology endoscopy devices market

• Brain tumor
• TBI and stroke

Owing to the surging incidences of brain cancer and brain tumor, the adoption rate of neurology endoscopy devices is high. This high rate of adoption will primarily lead to the growth of this market segment. Several companies in the endoscope camera market are integrating the neurology endoscopes with robotic platforms, which will not only increase the efficacy of brain tumor surgeries but will also augment the number of endoscopy procedures.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global neurology endoscopy devices market?
• What are the key market trends impacting the growth of the global neurology endoscopy devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global neurology endoscopy devices market?
• What are the market opportunities and threats faced by the vendors in the global neurology endoscopy devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global neurology endoscopy devices market?

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