Olympus Builds Minimally Invasive Surgery Line With $1.9 Bil. Gyrus Deal
This article was originally published in The Gray Sheet
Olympus will expand its focus on minimally invasive surgical offerings by acquiring electrosurgical instrument maker Gyrus Group under a $1.9 billion deal announced Nov. 19
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The market for minimally invasive surgical products continues to grow, driven by increasing demand and advances in laparoscopic technologies and techniques. Medical device manufacturers are developing new and innovative endomechanical and energy devices, as well as improved camera systems, which are allowing surgeons to safely push surgical boundaries and expand the minimally invasive surgery (MIS) approach into more complex surgical procedures than ever before. From a market perspective, manufacturers are driving growth in the MIS product market by targeting underpenetrated and emerging markets, particularly in Asia and Latin America, and by focusing education, sales, and product development efforts on growing clinical areas with good potential for increasing MIS adoption.
Olympus launched its Endo Capsule endoscopy system Sept. 17, making it the second ingestible video camera device for diagnosing small bowel abnormalities to reach the U.S. market
Gyrus Group's upcoming acquisition of urology endoscope manufacturer ACMI will strengthen its presence in the rapidly growing $1.1 bil. endoscopy market, according to the London firm