Here are four insights into the endoscopy division:
1. Boston Scientific is estimated to hold 30 percent of the global endoscopy market. Its market share is valued at $5 billion.
2. Seeking Alpha reports the company’s endoscopy-related sales occur at a greater rate than the rest of the market, “which implies that the company is witnessing steady rise of market share.”
3. Boston Scientific anticipates reporting $2 billion in endoscopy-related revenues by 2020, while the market itself is anticipated to swell to $7 billion by 2021. If the market does expand to that level, it could offer a greater market share.
4. SeekingAlpha pointed to the company’s acquisitions of EndoChoice Holdings and EmCision as doubling down on the endoscopy market’s potential. Since acquiring EndoChoice in November 2016, Boston Scientific expanded its current market offerings through the addition of two new divisions.
More articles on gastroenterology:
6 strategies for improving anesthesia patient handoffs
Penn Highlands Healthcare project to add 400 new jobs, includes ASC : 3 insights
Little Rock Diagnostic Clinic considering sale to CHI St. Vincent — 3 insight
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
