(EMAILWIRE.COM, September 09, 2018 ) The global neuroendoscopy market is expected to reach USD 218.9 Million by 2022 from USD 170.5 Million in 2017, at a CAGR of 5.1% during the forecast period. Factors such favorable government initiatives, rising prevalence of neurological disorders, and benefits of neuroendoscopic surgery over conventional brain surgery are driving the growth of this market. The report segments the global neuroendoscopy market into product, application, usability, and region.

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Based on product, the neuroendoscopy market is classified into rigid neuroendoscopes and flexible neuroendoscopes. The rigid endoscopes segment is further divided into videoscopes and fiberscopes. The rigid neuroendoscopes segment is expected to grow at the highest CAGR during the forecast period. This high growth can be attributed to the benefits of rigid neuroendoscopes such as superior optics, reusability due to autoclaving, and high device strength.

The global neuroendoscopy market, by application, is segmented into intraventricular neuroendoscopy, transcranial neuroendoscopy, and transnasal neuroendoscopy. The transnasal neuroendoscopy segment accounted for the largest neuroendoscopy market share in 2017. The large share of this segment can be attributed to the benefits provided by transnasal neuroendoscopy such as increased visualization with high light intensity in the deep-seated surgical field, clear display of patho-anatomical details, and extended viewing angle of neuroendoscopes (which enables surgeons to observe hidden parts of the surgical field).

Based on usability, the neuroendoscopy market is segmented into reusable neuroendoscopes and disposable neuroendoscopes. In 2017, the reusable neuroendoscopes segment accounted for the largest share of the neuroendoscopy market. This large share is mainly attributed to factors such as cost-effectiveness of reusable devices as they can be used in multiple procedures after procurement.