Over 90 Total Lots Up For Auction at One Location - WA 04/08

Special report: The start of endoscopy's reign

by Diana Bradley, Staff Writer | March 16, 2012
Endoscopy
From the March 2012 issue of HealthCare Business News magazine

When faced with surgery, it goes without saying that patients favor the most minimally invasive route. This is why physicians now regard new and innovative endoscopic devices as the primary method of diagnosis and treatment ahead of imaging scans. Enabling access to hard-to-reach regions of the body, endoscopic procedures enhance patient outcomes and reduce hospital stay and recovery times. So it comes as little surprise that endoscopy is among the top growing sectors in the medical device industry.

Generating sales of $23.3 billion in 2010, the global market for endoscopy devices will rapidly grow to $49 billion by 2017 and $75.8 billion by 2022, forecasts business information provider visiongain’s January report, “Endoscopy Devices: World Market Outlook 2012-2022.” The leader in the global rigid endoscopes market is Karl Storz, with a market share of 36 percent, followed by Olympus Medical Systems Corp. with a 32 percent market share. Richard Wolf GmbH, Stryker Corporation and B. Braun Melsungen AG also have significant presence in the market, according to research firm GlobalData’s July report, “Rigid Endoscopes - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017.” As of 2010, companies that accounted for 90 percent of the global market share for the flexible endoscopes market were Olympus, with a market share of 67 percent; followed by Fujifilm and Hoya, says GlobalData’s July report, “Flexible Endoscopes - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017.”

On the refurb side, Olympus has continued to triumph, with the most sought-after products being the Olympus Q160 series of scopes, according to Harvey Buxbaum, president of HMB Endoscopy Products.
stats
DOTmed text ad

New Fully Configured 80-slice CT in 2 weeks with Software Upgrades for Life

For those who need to move fast and expand clinical capabilities -- and would love new equipment -- the uCT 550 Advance offers a new fully configured 80-slice CT in up to 2 weeks with routine maintenance and parts and Software Upgrades for Life™ included.

stats
“These scopes produce excellent full screen images with magnificent resolution, so the demand for the Q series is high,” he says. “However, supply is relatively low, thus keeping the prices from trending downward as the equipment ages.”

The endoscopy industry has also seen much consolidation in the past year. Mark Waite, CEO of the Portland, Maine-based Lighthouse Imaging Corporation, says one of the biggest stories was in September when scope repair company SterilMed was acquired by original equipment manufacturer Ethicon Endo-Surgery, a division of Johnson & Johnson. He notes that a big chunk of the market’s consolidation is due to increased OR integration.

“A company like Karl Storz can go into a hospital and say, ‘We can outfit the whole OR with beds, lights, endoscopy equipment and scopes,’” says Waite. “If you’re a company only focused on endoscopy equipment, you are probably not going to get designed into some of the bigger hospitals; you’re going to have to focus on a certain niche.”

You Must Be Logged In To Post A Comment