GASTROINTESTINAL DEVICES MARKET ANALYSIS
Key Developments
Key players in the market are focused on adopting acquisition strategies to expand their product portfolio. For instance, in March 2018, Boston Scientific announced the acquisition of EMcision, Limited, a privately held company based in the U.K. The acquisition is expected to expand the Boston Scientific’s endoscopy portfolio to include the HabibTM EndoHPB probe, a novel endoscopic bipolar radiofrequency device, which coagulates tissue in the gastrointestinal (GI) tract.
In April 2019, The KARL STORZ HyDome Endoscopy system received Red Dot Award in the category ‘Product Design 2019’ due to its outstanding quality of design and functionality.
Key players are focused on launching new products to expand their product portfolio. For instance, in February 2019, Olympus Corporation launched EndoBRAIN, an open platform for AI-assisted diagnosis in endoscopic examinations.
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