Neuroendoscopy Market Size (2024 - 2029)

Neuroendoscopy Market Analysis

The Neuroendoscopy Market size is estimated at USD 3.27 billion in 2024, and is expected to reach USD 4.25 billion by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).

The neuroendoscopes market has been moderately impacted by the COVID-19 pandemic. These devices are used for the treatment of conditions of the central nervous system. As elective surgeries have been postponed, neuroendoscopes have been less utilized than usual and thus suffer from less investment than usual as well. Even as elective procedures resume, it is likely that patients will not attend their delayed screening due to nervousness from the crisis. The neuroendoscopes market suffered from less demand throughout 2020, though revenue rose in 2021 as delayed elective procedures were completed, and vaccines helped patients feel safer about completing screenings.

Neuroendoscopy is performed using an endoscope on end to allow the neurosurgeon to navigate and access the tumor. In order to remove a tumor or take a sample of it (a biopsy), neurosurgeons attach special instruments to the endoscope, often an additional endoscope with forceps and scissors on end, as opposed to conventional open brain surgery, which requires more time for healing post-surgery and induces less pain. Also, neuroendoscopic procedures cause minimal scarring in patients. These benefits are being considered widely in the medical community, and therefore, these procedures are becoming more common worldwide. Hence, the benefits of neuroendoscopic surgery over conventional brain surgery are expected to drive the growth of the market. Other factors that will affect the growth of this market include the rising prevalence of neurological disorders and favorable government initiatives.

Neuroendoscopy Industry Segmentation

As per the scope of the report, neuroendoscopy is a minimally invasive surgical procedure in which the neurosurgeon removes the tumor through small holes in the skull or through the mouth or nose. The neuroendoscopy market is segmented by product (rigid neuroendoscopes and flexible neuroendoscopes), application (transnasal neuroendoscopy, intraventricular neuroendoscopy, and transcranial neuroendoscopy), usability (reusable neuroendoscopes and disposable neuroendoscopes), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.