Pentax Medical, Aohua partner to create flexible medical endoscope company — 3 key notes

Pentax Medical and Shanghai Aohua Photoelectricity Endoscope Co. created Pentax-Aohua Medical Technologies, Co., a joint venture company aimed at creating new flexible endoscope products.

Here's what you should know:

1. The company will aim to create emerging market-facing global endoscopy solutions.

2. The company is targeting the flexible endoscopy market for its growth potential. In a release, the company claims the market is currently valued at $2.5 billion, growing at a compound annual growth rate of 5 percent.

3. The company will be headquartered in Asia and will distribute products in Asia, Latin America, Eastern Europe, the Middle East and Africa.

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