Global Endoscopy Devices Market is Expected to Reach USD 10.8 Billion in 2017: Transparency Market Research

Global Endoscopy Devices Market is Expected to Reach USD 10.8 Billion in 2017: Transparency Market Research PR Newswire ALBANY, New York, September 5, 2012 ALBANY, New York, September 5, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "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. Browse the full report at http://www.transparencymarketresearch.com/endoscopy-devices- market.html 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.