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Endoscopy Devices Market Will Reach USD 10.8 Billion in 2017 : Transparency Market Research
Date:6/19/2013

Albany, NY (PRWEB) June 19, 2013

According to Transparency Market Research “Endoscopy devices Market – Global Industry Size, Market Share, Trends, Analysis and Forecast, 2011 – 2017,” the global endoscopy devices market was worth USD 6.2 billion in the year 2011 and is expected to reach USD 10.8 billion by 2017, growing at a CAGR of 9.7% from 2011 to 2017. Flexible endoscopes formed the largest category in the overall endoscopes market, contributing about USD 2,201 million for the year 2011.

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Endoscopic accessories and flexible endoscopy devices are the leading product segments prevalent in the global endoscopy devices market. The endoscope accessories market is expected to show the highest growth rate at 15.7% CAGR from 2011 to 2017. Globally, the market of rigid endoscopy devices segment has reached its maturity; however its market will experience a slow but steady CAGR of 2.6% for the forecasted period.

Major drivers in the global endoscopy market are high level of technical advancement; increase in the buying capacity and improvement in standard of living. Other growth factors for the global endoscopy devices market include increasing healthcare awareness in developing economies, improving healthcare facilities, and adoption of high end healthcare services. Endoscopes are used not only for diagnostic but also for therapeutic purposes and thus they deliver good therapeutic solutions by facilitating close monitoring of the body as well as internal organs.

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