Global Neuroendoscopy Devices Market Poised for Significant Growth, Projected to Reach USD 345 Million by 2033 | FMI

The global neuroendoscopy devices market is on a robust growth trajectory, with industry forecasts predicting an increase from USD 214.5 million in 2023 to USD 345 million by 2033, registering a compound annual growth rate (CAGR) of 4.9%. This expansion is a continuation of the market’s historical performance, which saw steady annual growth of 4.0% from 2018 to 2022, culminating in a market value of USD 204.4 million by 2022.

The increasing adoption of neuroendoscopy devices can be attributed to the rapid advancements in technology that have revolutionized the field. Cutting-edge innovations in fiber optics, imaging technologies, and endoscopic tools have significantly enhanced the precision and safety of neuroendoscopic procedures. These breakthroughs have propelled neuroendoscopy as a preferred technique for neurological treatments, driving widespread adoption among healthcare providers worldwide.

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With the rising prevalence of neurological disorders and an increasing focus on minimally invasive surgical techniques, the demand for neuroendoscopy devices is expected to surge further. As industry players continue to invest in research and development, the market is set to witness groundbreaking advancements that will shape the future of neurological care.

Key Takeaways:

• By 2033, the neuroendoscopy devices market in the United Kingdom is likely to expand, with a CAGR of 4.2%.
• In 2022, the United States developed the neuroendoscopy devices business with a share of 33.7%.
• The neuroendoscopy devices market grew considerably to USD 204.4 million in 2022.
• The neuroendoscopy devices market expanded with a CAGR of 4.0% between 2018 to 2022.
• By 2033, China’s neuroendoscopy devices market is projected to develop with a CAGR of 7.4%.
• By 2033, India’s neuroendoscopy devices industry is projected to expand with a CAGR of 6.1%.
• Japan’s neuroendoscopy devices industry grew significantly, with a 5.0% share in 2022.
• Australia’s neuroendoscopy devices market is likely to expand with a CAGR of 5.4% by 2033.
• Germany’s neuroendoscopy devices business grew, with a share of 8.7% in 2022
• In 2022, based on device type, rigid neuroendoscopy dominated the market, with a share of 70.1%.
• In 2022, the hospitals’ segment led the market, with a share of 52.5%, based on end use.

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Key Players’ Strategies and Recent Developments:

Because neuroendoscopy techniques are less invasive, the market for such devices is growing quickly. Also, increasing efforts by the main competitors in the market to introduce cutting-edge neuroendoscopy for various neurological operations promote revenue growth throughout the forecast period.

• The Axonpen System, a cutting-edge neuroendoscopy, was given the go-light by the United States Food and Drug Administration in January 2021, according to ClearMind Biomedical.
  • This neuroendoscopy allows for the controlled aspiration of tissue and fluid during surgery and lighting and imaging of intracranial tissue and fluids.
  • Thanks to this regulatory permission, the firm expanded its research and development skills and broadened its product offering.
• Adeor Medical AG and ClearPoint Neuro, Inc., a global therapy-enabling platform provider that offers guidance and delivery to the brain, announced their strategic alliance in August 2021.
  • This relationship included ClearPoint Neuro, Inc.’s United States distribution of medical tools and supplies used in neurosurgery.
  • The organization expanded its clientele and boosted sales thanks to this strategic relationship.

• Foncepi Comercial Exportadora Ltda
• B. Braun
• Karl Storz
• Olympus Corporation
• Stryker
• Medtronic
• Ackermann Instruments GmbH
• Adeor Medical AG
• Clarus Medical LLC
• Machida Endoscope
• Tonglu WANHE Medical Instrument
• Hawk
• Schindler Endoskopie Technologie GmbH
• Others

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Key Segments:

By Surgery Type:

• Intraventricular
• Transcranial
• Transnasal

By Device Type:

• Rigid Neuroendoscopy
• Flexible Neuroendoscopy

By Application:

• Hospitals
• Medical Research Centers

By Region:

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

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