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Rigid Neuroendoscope Dominate the Market

The global neuroendoscopy devices market was USD 170.5 million in 2017 and is projected to expand at a CAGR of 5.1 percent to reach USD 218.9 million by 2022, projects MarketsandMarkets. The growth of the market is attributed to favorable government initiatives, rising prevalence of neurological disorders, and benefits of neuroendoscopic surgery over conventional brain surgery.

In 2017, the rigid neuroendoscopes segment accounted for the largest share of the neuroendoscopy devices market. This large share can be attributed to their reduced size, affordable pricing, and shock resistance. Based on application, the transcranial segment is expected to register the highest CAGR attributing to their wide application in the diagnosis and treatment of larger tumors with significant suprasellar extension and growing incidence of brain tumors in the population. In 2017, North America dominated the market, followed by Europe, owing to a favorable reimbursement scenario and increasing investments by hospitals to purchase new neuroendoscopic equipment.

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