Albany, NY -- (SBWIRE) -- 01/06/2016 -- Transparency Market Research (TMR) presents a new market study, titled "Neuroendoscopy Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023", wherein the proceedings of the global neuroendoscopy devices market are analyzed at length for the given forecast period.

Increasing inclination of patients towards minimally invasive procedures has led to the proliferation of endoscopic procedures at par with conventional surgical procedures. Endoscopy is carried out for neurological, gastrointestinal, and urological conditions, among others, that require sophisticated medical instruments. In this context, the development of the neuroendoscopy devices market is the subject of this study.

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Neuroendoscopy is a minimally invasive procedure, wherein a small hole is made either in the skull or nose to remove a tumor. The benefits of neuroendoscopy over traditional surgery are – access to most parts of the brain, does not require making an incision in the skull, which reduces the chances of damage to the adjoining areas, less pain, minimal scarring, and faster recovery.

Neuroendoscopy is widely used for the treatment of brain tumor conditions such as acoustic neuromas, pituitary tumors, skull base tumors, and metastatic brain tumors.

The global neuroendoscopy devices market will develop due to several reasons, says TMR. With an increasing number of people opting for neuroendoscopy procedures, the demand for sophisticated instruments to carry out the procedures will be on a rise. Moreover, technological advances in neuroendoscopy devices will further accentuate the growth of the said market. With the introduction of innovative devices equipped with HD cameras, the demand for advanced endoscopy devices will be on a rise in the coming years.

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Reasons of safety and efficacy of neuroendoscopy over its traditional counterpart are also a significant factor driving the global neuroendoscopy devices market.

In addition, due to unprecedented advancement in minimally invasive procedures, which includes neuroendoscopy as well, the market for neuroendoscopy devices is witnessing significant growth. However, the high cost of neuroendoscopy devices is limiting the utilization of these instrument for carrying out procedures. Thus, the growth of the global neuroendoscopy devices market is negatively affected.

North America and Europe contribute the largest revenue to this market. Extensive technological advancement and patient awareness for newer treatment techniques are the reasons for the large number of endoscopy procedures carried out in these regions, for which endoscopy devices are a necessity. Government support for the implementation of modern diagnostic and treatment techniques is also aiding the progression of the market in these regions.

Currently, Asia Pacific and Rest of the World regions are considered untapped for endoscopy procedures – lack of established diagnostics facilities procedures in remote areas, which are pre-eminent for these techniques, has limited these procedures to carried out only in urban and developed parts of these regions. Increasing efforts by governments in the region to modernize the healthcare infrastructure will see a slow but steady rise in the demand for neuroendoscopy devices from APAC countries in the coming years.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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