Neurology Endoscopy Devices Industry 2019 Fortune Business Insights report presents your analysis of market size, share, and growth, trends, and cost structure, statistical and comprehensive data of the global market.

As per the findings ofthe American Society for Clinical Oncology or ASCO, around 23,880 people in the U.S. were diagnosed with brain and spinal cord cancer. The disease is likely to get more prevelant, subsequently increasing the adoption of neurology endoscopy devices hence, driving the global neurology endoscopy devices market.

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The information is shared by Fortune Business Insights, in a report, titled “Neurology Endoscopy Devices Market Size, Share and Global Trend By Product (Endoscopes, Operative Devices, Visualization Systems, Accessories), By Disease Indication (Brain Tumor, Brain and Spinal Oncology, Alzheimer’s Disease, Parkinson’s Disease, Nervous System Disorders), By End User (Hospitals and Clinics, Neurology Clinics, Ambulatory Surgery Centers), and Geography Forecast till 2026.”

Some of the Main Key Players Covered in the Report:

  • Medtronic
  • Karl Storz SE and Co. KG
  • Johnson and Johnson Services, Inc.
  • Olympus Corporation
  • R. Bard (Becton, Dickinson, and Company)
  • Arthrex, Inc.
  • HOYA Corporation
  • Boston Scientific Corporation
  • FUJIFILM Corporation

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NIR/ICG Fluorescence Imaging Received FDA approval for Neurology Endoscopic Surgery

Several leading players are planning to develop innovative surgical devices in neurology endoscopes. These developments are expected to support the growth of the market. This will further augment the competitive landscape of the market and eventually increase the neurology endoscopy devices market revenue. Medtronic, Medtronic, Karl Storz SE and Co. KG, Johnson and Johnson Services, Inc., Olympus Corporation, Arthrex, Inc., Boston Scientific Corporation, and HOYA Corporation are some of the leading players in the global market. Of these, Karl Storz Endoscopy-America, Inc. announced the launch of a system called NIR/ICG Imaging in October 2016.

Key Segmentation:

By Product

  • Endoscopes
  • Operative Devices
  • Visualization Systems·
  • Accessories

By Disease Indication

  • Brain Tumor
  • Brain and Spinal Oncology
  • Alzheimer’s Disease
  • Parkinson’s Disease
  • Nervous System Disorders

By End User

  • Hospitals and Clinics
  • Neurology Clinics
  • Ambulatory Surgery Centers

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

From ‘Electrodes’ to Adoption of ‘Modern Surgical Instrument, Market Sees an Upward Trajectory

Neurological disorders such as Parkinson’s diseases are estimated to affect 60,000 people in the U.S. alone, as per The Parkinson’s Foundation. The prevalence of other neurological disorders such as Alzheimer’s is increasing too, which augments demand for neurological procedures. This, coupled with the technological; advancements in surgical procedures, is boosting the neurology endoscopy devices market growth.

Earlier electrodes were used to remove brain tumours and now with the rapid adoption of technological advancements, modern neurosurgical tools and instruments are used to perform neurology surgical procedures. For instance, the cranial drill is used for neurological operations, especially to patients suffering from traumatic brain injury. Driven by these technological advancements in neurology endoscopy devices, neurological surgical procedures provide a high degree of precision and lower the risk of infection.

Contrary to this, the lack of skilled neurologists is expected to hamper the growth of the market. In addition to this, high costs associated with neurology endoscopy devices may give headwinds to the market.

The neurology endoscopy devices size is expected to surge owing to the rising demand for these devices. Hospitals, neurology clinics, and ambulatory surgery centers are increasingly adopting these devices to treat patients. However, hospitals are likely to hold a considerable share in the global market.

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