Olympus Corporation (Japan) and Boston Scientific Corporation (US) are Leading Players in the Endoscopy Equipment Market
The global endoscopy equipment market is projected to reach USD 46.2 billion by 2029 from USD 32.3 billion in 2024, at a CAGR of 7.4%. Endoscopy is a minimally-invasive method that uses specialised equipment to observe interior organs or tissues. These operations use a variety of tools, including scopes designed for specific procedures, anaesthetic apparatus, video screens, lighting devices, imaging technology, monitoring equipment, storage cabinets, video processors, insufflators, and carts. They are used by medical specialists such as gastroenterologists, cardiologists, nephrologists, neurologists, hepatologists, and gynaecologists to perform safe examinations and interventions.
The prominent players of global endoscopy equipment market are Olympus Corporation (Japan), KARL STORZ SE & Co. KG (Germany), Boston Scientific Corporation (US), JOHNSON & JOHNSON (US), Stryker Corporation (US), Medtronic, plc (Ireland), Fujifilm Holdings Corporation (Japan), HOYA Corporation (Japan), Nipro Corporation (Japan), Smith & Nephew plc (UK), Intuitive Surgical, Inc. (US), Richard Wolf GmbH (Germany), Cook Medical (US), B. Braun Melsungen AG (Germany), ConMed Corporation (US), Ambu A/S (Denmark), CapsoVision, Inc. (US), Fortimedix Surgical B.V. (Netherlands), The Cooper Companies, Inc. (US), Laborie Medical Technologies Inc. (Canada), Teleflex Incorporated (US), Carl Zeiss AG (Germany), Dantschke Medizintechnik GMBH & Co. KG (Germany), and Arthrex, Inc. (US)). These companies adopted strategies such as product launches, partnerships, acquisitions, and expansions to strengthen their presence in the endoscopy equipment market.
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Olympus Corporation (Japan)
Olympus Corporation holds a prominent position in the endoscopy equipment market, largely due to its extensive range of endoscope-related products. The company boasts a diverse portfolio encompassing endoscopic systems, surgical endoscopes, gastrointestinal endoscopes, and repair services. The company is committed to innovation, allocating a significant portion of its revenue to research and development initiatives aimed at introducing cutting-edge products. For instance, in November 2023, the company introduced the EVIS X1, its most advanced endoscopy system to date. Through its offerings, including endoscopes and endotherapy devices, Olympus aims to facilitate early diagnosis and deliver minimally invasive treatments, ultimately enhancing patients' quality of life.
Boston Scientific Corporation (US)
Boston Scientific Corporation maintains a robust presence across key regions including the US, Asia Pacific, and prominent European markets. Specializing in endoscopy equipment tailored for gastroenterology, pulmonary, and interventional bronchoscopy applications, the company consistently reinforces its product portfolio through strategic acquisitions. For example, in November 2022, Boston Scientific acquired Apollo Endosurgery, Inc. (US), a medical technology firm based in the US. Leveraging its endoscopy business segment, the company pioneers the development and manufacture of devices aimed at diagnosing and treating a wide spectrum of gastrointestinal (GI) and pulmonary conditions using innovative, minimally invasive technologies.
JOHNSON AND JOHNSON (US)
Johnson & Johnson, a US-based company, holds a significant position in the endoscopy equipment market. With a diverse product portfolio, it offers a range of advanced endoscopic devices catering to various medical specialties. Leveraging its extensive research and development capabilities, Johnson & Johnson consistently introduces innovative solutions aimed at enhancing diagnostic and therapeutic outcomes in the endoscopy equipment market. The company witnessed a significant growth in investment, with the figure rising from USD 2.37 billion in 2021 to USD 3.12 billion in 2023.
Related Reports:
Endoscopy Equipment Market by Product (Endoscope (Flexible, Disposible, Rigid, Capsule, Robot-assisted), Visualization Systems (Video Converters, Recorders, Processors)), Application, End User, and Region - Global Forecast to 2029
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