Olympus (Japan) and KARL STORZ (Germany) are the Key Players in the Endoscopy Equipment Market
The global endoscopy equipment market is projected to reach USD 34.82 Billion by 2022 from an estimated USD 25.58 Billion in 2017 at a CAGR of 6.4%. The endoscopy equipment market is well established owing to the dominance by prominent market players. In 2016, Olympus (Japan), KARL STORZ (Germany), Stryker (US) held a share of approximately 35% to 40% of the overall market.
The Olympus Corporation is dominated the endoscopy equipment market in 2016. In the field of endoscopy, the company offers endoscopes, visualization systems, other endoscopy equipment, and accessories. These products are offered under categories such as gastroscopes, colonoscopes, laparoscopes, bronchoscopes, hysteroscopes, mobilescopes, laryngoscopes, cystoscopies, ureteroscopes, telescopes, endoscopic ultrasound, sphincterotomy, energy devices, imaging systems, camera heads, capsule endoscope sets, insufflation units, and non-capital equipment, among others. The company has a widespread presence across the Americas, Africa, Western/Eastern Europe, the Middle East, Asia, and Oceania. The firm also aims to enter new markets by establishing training centers in China and elsewhere in Asia to increase the adoption of endoscopic procedures in rapidly growing emerging nations. The company is known for having developed the world’s first practical gastrointestinal endoscope in 1950. Olympus commands the world’s highest market share in gastrointestinal endoscope operations.
KARL STORZ is one of the major players in the endoscopy equipment market. The company provides a wide range of products in this market including endoscopes, visualization systems, electronic and mechanical equipment, and accessories for various endoscopy applications. The company has a strong geographic reach with over 50 subsidiaries in around 40 countries across Europe, the Americas, Africa, and Asia Pacific. With over 65 years of experience in this market, the company focuses on strengthening its sales activities and distribution network by working with an efficient network of dealers. In the past three years, the company has been focusing on expansion, it has opened two new facilities in Estonia and California (US) in 2016 and 2014 respectively. The company also provides local-level services to its customers through its subsidiaries. KARL STORZ is also involved in combining its expertise in endoscopy with software solutions to facilitate procedures in operating rooms and support clinical process & resource management.
Some of the other players competing in this market are Boston Scientific (US), Ethicon (US), Fujifilm (Japan), Medtronic (Ireland), Hoya (Japan), CONMED (US), Richard Wolf GmbH (Germany), Smith & Nephew (UK), Cook Medical (US), Cogentix Medical (US), and B. Braun (Germany).
Related Reports:
Endoscopy Equipment Market by Product (Endoscope (Flexible, Rigid, Capsule) Visualization Systems, Endoscopic Ultrasound, Insufflator)), Application (GI Endoscopy, Laparoscopy, Cystoscopy, Bronchoscopy, Colonoscopy, Arthroscopy) - Global Forecast to 2022
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