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Endoscopy procedures are performed by inserting cylindrical rod shaped telescope and specialized instruments through small incisions in the body. These procedures can be diagnostic as well as operative, and can be used for gastrointestinal, urological, ENT, cardiovascular neuro and spinal surgeries, laparoscopy and arthroscopy surgeries. As these are minimally invasive procedures, they provide various advantages over open surgeries such as reduced blood loss, reduced chances of infection, shorter hospital stay, and quick recovery.  Due to these advantages, the application of endoscopy is increasing rapidly. Advances in technology have transformed existing products to more developed products which have also made surgeries easier. Robotic endoscopy devices, capsule endoscope and 3D HD visualization systems are some of the prominent new entrants in the endoscopy devices market.

Significant rise in neurological disorders has posed a considerable challenge to the healthcare sector including the governments of developed as well as developing nations. According to National Institute of Neurological Disorders and Stroke (NINDS) it is estimated that approximately 50 million Americans are affected due to these disorders leading to incalculable economic costs for medical expenses coupled with loss of productivity. The ever increasing geriatric population has consequently led to rise in neurological disorders such as Alzheimer’s, Parkinsonism, stroke, brain cancer and others. Moreover, ineffective drugs owing to the blood brain barrier and causing serious side effects has positively triggered the growth of neurological devices market. All the aforementioned factors have boosted the growth of neurology endoscopy devices market.

The global neurology endoscopy devices market has been fragmented on the basis of product, disease indication, end-user and geography. The product segment of global neurology endoscopy devices market is further sub-segmented in to endoscopes, visualization system, operative devices, and accessories. The operative devices segment is expected to hold highest market share during forecast period of 2017-2025 followed by accessories segment. Growing number of people undergoing neuroendoscopy procedures, rising acceptance for minimal invasive surgeries and technological advances in the market are driving the market of the segment. Minimally-invasive surgeries entail shorter hospital stay, minimal incision, less post-surgery complications, and shorter recovery time. These advantages attract patients and help increase the number of patients opting for minimally invasive surgeries. It is one of the most frequently performed surgeries in the operation room of most of the hospitals in comparison with open surgeries.

On the basis of disease indication, global neurology endoscopy devices market further divided into nervous system disease, Alzheimer’s disorders, brain tumour, brain cancer and other. According to an estimation by the U.S. census board, persons older than 65 represented around 13% of the total population in the U.S. in 2009 and the percentage is expected to grow to an estimated 20% by 2030. Some other countries aging at a rapid pace are Japan and Germany. Old age brings about some chronic illnesses such as Parkinson’s and Alzheimer’s. Moreover, the developed part of the world rapidly aging acts as an effective driver for this market, as it is easier to capitalize on the market opportunities available in developed countries due to the presence of high customer awareness, high disposable incomes and the presence of a robust healthcare infrastructure.

Geographically, global neurology endoscopy devices market is classified into five regional markets, namely, North America (United States and Canada), Europe (Germany, France, United Kingdom, etc.) and Asia-Pacific (Australia, China, Japan, India, etc.), Latin America and Middle East and Africa. North America was observed as the largest market, in terms of revenue for global neurology endoscopy devices market. North America was followed by Europe and is expected to register higher growth. Emerging markets such as Asia Pacific, Latin America and the Middle East and Africa are expected to record robust growth during the forecast period 2017-2025 due to growing health care industry, and aging population which consequently would lead to increased patient population in these countries. India, China and Brazil are expected to drive strong growth among the emerging countries, owing to increasing investments by government bodies in order to enhance healthcare facilities.

The major players operating in this market include Johnson & Johnson, Karl Storz GMBH & CO. KG, Olympus Corporation, Hoya Corporation, Medtronic, C.R. Bard, Boston Scientific, Arthrex Inc, Fujifilm Holding Corporation, and other.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Neurology Endoscopy Devices Market

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