Endoscope boss or face strong rival Olympus to sell important business

Pharmaceutical Network July 8th, three years of losses, before the end of the year to transfer business1
, Olympus salesrecently, Olympus issued a notice that it has signed with Japan Industrial Partners Ag ("JIP") the transfer of the image business intention confirmationThe two sides agreed to complete the transfer of Olympus imaging business, represented by digital cameras and IC recorders, by the end of 2020Olympus was founded in 1919 to produce microscopes, and in 1936 Olympus developed its first camera with its optical technology, officially entering the camera industry, and 84 years later, the business was soldIt is understood that under the background of the increasing camera function of smartphones, Olympus camera business has been hit hard, its camera business for three consecutive years, the 2019 fiscal year loss reached 10.4 billion yen (about 690 million yuan)Olympus' camera business currently accounts for less than 6% of the company's turnover, and prior to the sale, Olympus's business consisted mainly of imaging and medical fields, including micro-single-electric cameras, digital portable cameras, digital recording pens, and other products, including digestive endoscopy and surgeryAfter the sale of the imaging business, Olympus may become a medical enterprise, focusing onmedical deviceindustry, it is understood that Olympus related endoscope products business in the domestic market share of more than 60%As early as the 1950s, Olympus began the development of early gastroscopesIn 1950, Olympus developed the world's first practical in-the-stomach camera, and in 1952 it introduced a gastroscope cameraOlympus' fake accounting scandal broke out in 2011 and turned a profit in 2013, and it may be a credit to the endoscope to make such a changeIn fiscal 2014, Olympus' total sales amounted to 713.2 billion yen, of which 69% came from medical devices, 14% from microscopes, 13% from cameras, and by fiscal year 2017, its medical business accounted for 77% of revenues2
, endoscope or face? Strong enemy? it is understood that medical endoscopes can enter the body through the body's natural cavity or through a minimally invasive small incision, imported into the need for examination or surgery of organs, to observe internal lesions of tissue At present, it has been widely used in otolaryngology, abdominal surgery, urology, surgery, orthopaedic surgery, thoracic cardiovascular surgery and other fields 　　According to China Industrial Information Network, the global endoscope market grew from $16.4 billion in 2015 to $18.5 billion in 2017, and is expected to reach $28.3 billion in 2024, with a compound growth rate of about 6% 　　It is understood that endoscopes are divided into hard endoscopes and soft endoscopes, soft mirrors with higher clarity and resolution, after many years of development, endoscope industry gradually realize from the hard mirror to the soft mirror upgrade replacement 　　Endoscope technical barriers are high, market concentration is high, especially soft endoscopes, Japanese enterprises with CCD image sensor technology in the global monopoly, 2018 industry Olympus city share reached 65%, Pentax and Fuji ranked second, the market share of 14% Hard endoscopes are dominated by German and Japanese companies 　　Our domestic scope technology gradually developed mature, the product mainly covers the low-end endoscope and exported abroad, sales accounted for about 20%, there is a huge import substitution space, high-end osmider still by the monopoly of imported enterprises 　　At present, Murray Medical has stepped into the endoscope circuit, or will become Olympus' competitor 　　On July 11, 2019, Myer Medical announced its 2019 half-year results forecast that it had invested in endoscopic surgical instruments and hard mirror systems, and that some technical accumulation would foster new business growth points 　　On April 2 this year, Murray Medical released its 2019 annual report, saying that in addition to the three major product areas, the company is actively cultivating the field of minimally invasive surgical business, including surgical cavity camera systems, cold light sources, optical endoscopes and so on