As per the findings ofthe American Society for Clinical Oncology or ASCO, around 23,880 people in the U.S. were diagnosed with brain and spinal cord cancer. The disease is likely to get more prevelant, subsequently increasing the adoption of neurology endoscopy devices hence, driving the global neurology endoscopy devices market. The information is shared by Fortune Business Insights, in a report, titled “Neurology Endoscopy Devices Market Size, Share and Global Trend By Product (Endoscopes, Operative Devices, Visualization Systems, Accessories), By Disease Indication (Brain Tumor, Brain & Spinal Oncology, Alzheimer’s Disease, Parkinson’s Disease, Nervous System Disorders), By End User (Hospitals & Clinics, Neurology Clinics, Ambulatory Surgery Centers), and Geography Forecast till 2026.”
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Some of the Main Key Players Covered in the Report:
- Karl Storz SE & Co. KG
- Johnson & Johnson Services, Inc.
- Olympus Corporation
- R. Bard (Becton, Dickinson, and Company)
- Arthrex, Inc.
- HOYA Corporation
- Boston Scientific Corporation
- FUJIFILM Corporation
Rising Adoption of Minimally-invasive Procedures to Enable Growth in the Market in North America
As per the National Institute of Neurological Disorders and Stroke or NINDS, around 50 million individuals in the U.S. are suffering from neurological disorders. This further leads to increasing healthcare spending. Presently, North America dominates the global neurology endoscopy devices market owing to the rising prevalence of cancers and brain tumours.
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NIR/ICG Fluorescence Imaging Received FDA approval for Neurology Endoscopic Surgery
Several leading players are planning to develop innovative surgical devices in neurology endoscopes. These developments are expected to support the growth of the market. This will further augment the competitive landscape of the market and eventually increase the neurology endoscopy devices market revenue. Medtronic, Medtronic, Karl Storz SE & Co. KG, Johnson & Johnson Services, Inc., Olympus Corporation, Arthrex, Inc., Boston Scientific Corporation, and HOYA Corporation are some of the leading players in the global market. Of these, Karl Storz Endoscopy-America, Inc. announced the launch of a system called NIR/ICG Imaging in October 2016.
It allows surgeons to perform minimally-invasive surgery with the help of a near-infrared imaging and standard endoscopic visible light. Then in July 2018, Medtronic of Canada launches a novel StealthStation technology for ENT, Spinal, and Neurosurgical procedures. Company has developed two surgical navigation systems called and the StealthStation ENT and StealthStation S8 for expanding their product portfolio.
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