The United States (U.S.) accounts for a significant portion of the market for neuro-endoscopy in North America. It is witnessing higher incidences of brain tumors. The American Brain Tumor Association notes brain cancer to be an important reason for cancer-related deaths in the under-20 age group. Brain tumor has been diagnosed in close to 700,000 people in the U.S. Also healthcare establishments are increasing use of minimally invasive procedures as a way of restricting costs. This opens up huge opportunities for the neuro-endoscopy industry in the coming years.
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Neuro-endoscopy is a minimally invasive surgery procedure adopted to remove tumors from the brain through mouth, nose or small holes in the skull. It helps surgeons to access parts of the brain that are not reachable in traditional surgeries. Neuro-endoscopy causes lesser pain, faster recovery and minimal scarring as compared to traditional surgeries. Additionally, the risk of damage to other parts of the skull is minimized.
Thus neuro-endoscopy is an upcoming procedure used to treat various types of brain growths like pituitary tumors, colloid cysts, ventricular tumors, meningiomas, rathke’s cleft cysts, and tumors in the pineal region. It is used to perform ventriculostomies, obstructions, biopsies, and other procedures. However, demand may be hindered by alternative treatment procedures like gamma knife surgeries, chemotherapy, and radiation therapy.
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The neuro-endoscopy industry is segmented according to type of products. Main categories are rigid endoscopes, flexible endoscopes, endoscope accessories, endoscopic visualization systems, endoscopic ultrasound (eus), and endoscopic fluid management systems. Rigid endoscopes are one of the highly-consumed products. They are highly efficient and register high success rates in removal of brain tumors. However, they are costly and are often not covered under reimbursement policies in many countries. This may negatively impact growth prospects.
Leading players in the U.S. neuro-endoscopy industry are Rudolf Medical GmbH, B. Braun Melsungen AG, Karl Storz GmbH & Co. KG, and Richard Wolf GmbH. Other established players include Ackermann USA, Inc., Schoelly Fiberoptic GmbH, Fujifilm Holding Corporation, Hangzhou Hawk Optical Electrical Instruments Co. Ltd., and Kapalin Biosciences. The market is highly competitive. Vendors often form strategic alliances with Asia Pacific companies that operate in the imaging and optical space.
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