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North America Endoscopy Devices Market is Expected to Reach USD 4.3 Billion in 2017: Transparency Market Research

ALBANY, New York, August 20, 2012 /PRNewswire/ --

According to a new market report published by Transparency Market Research ( "Endoscopy devices Market - North America Industry Size, Market Share, Trends, Analysis and Forecast, 2011 - 2017," the North America endoscopy devices market was worth USD 2.5 billion in the year 2011 and is expected to reach USD 4.3 billion by 2017, growing at a CAGR of 8.9% from 2011 to 2017. Flexible endoscopes formed the largest category in the overall endoscopes market, contributing about USD 911.7 million for the year 2011.

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Flexible endoscopy devices and endoscopic accessories are the foremost product segments in the North America endoscopy devices market. Endoscopes accessories market will experience both highest growth rate as well as highest volume traded in the next five years. The expected growth rate of endoscopes accessories for the given period is computed to be 15.7% and the revenue for 2011 is estimated at USD 335.8 million. In the North American nations, traditional rigid endoscopy devices market has reached it maturity; however, it will sustain in the market at a very low growth rate of 1.5% in the next five years. Segments like Endoscopic Fluid Management systems is expected to experience a relatively slow yet steady growth rate of 3.61 from 2011 to 2017.

The major influencing factors in North American Endoscopy Market are technological advancement, increased purchasing power and the resultant improvement in the standard of living. Endoscopy devices are used as both diagnostic and therapeutic devices that serve clinical solutions by allowing close inspection of body structures and internal organs. Increased health awareness in developed nations like the U.S. and Canada, better healthcare facilities and adoption of high end technologies are key growth drivers for the market.

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The U.S. accounted for majority of the North American endoscopy devices market in 2011 and is expected to do so till 2017, however Canada and Mexico markets are expected to grow at a higher rate. Key market players profiled in the report include Olympus Corporation, Arthrex Inc., Karl Storz GmbH, Hoya Corporation, Fujifilm Holdings Corporation, Given Imaging Inc. and Advanced Sterilization Products Services Inc.

This research is specially designed to estimate and analyze the demand and performance of endoscopy devices products in the North American scenario. This research provides in-depth analysis of endoscopy devices product manufacturers, product sales, trend analysis by segments and demand by geography. The report covers all the major product segments of the North American endoscopy devices market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the North American endoscopy devices market as below:

By Types

By Application

By Technology

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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