Neuroendoscopy Market Size

Neuroendoscopy Market Size

Neuroendoscopy Market size was valued at around USD 142.7 million in 2022 and is anticipated to grow at a CAGR of over 5.4% between 2023 and 2032. This incremental growth rate is owing to increasing prevalence of neurological disorders, coupled with ageing population and technological advancements in neuroendoscopy devices.

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Growing number of brain tumor cases across the globe will result in augmenting the demand and adoption rate of neuroendoscopy surgical procedures. Moreover, several types of tumors such as acoustic neuroma and craniopharyngioma among others will further increase the number of neurosurgery procedures, fueling the neuroendoscopy industry expansion.

Neuroendoscopy is a minimally invasive surgical procedure used to diagnose and treat neurological conditions within the brain, spinal cord, or surrounding structures. These devices are incorporated with thin, flexible tube with a light source and a camera attached to its tip to access the target area.

Lack of skilled healthcare professionals in the developing regions will be a major market impeding factor. Continuous innovations and technological advancements in neuroendoscopy devices have increased a constant demand for extremely skilled professionals. Understanding and successfully implementing innovative technologies is crucial factor for healthcare professionals and must possess the necessary skill while performing endoscopy procedures. Therefore, highly skilled personnel are required to serve the purpose in most efficient and effective way. However, there has been a continuous dearth in availability of skilled personnel in neuroendoscopy market. Additionally, lack of healthcare resources along with dearth of skilled healthcare professionals is escalating the burden of chronic conditions globally. Thus, low accessibility to diagnostic services such as neuroendoscopy will hamper business growth over coming years.