Navigation Links
US Endoscope Service Market To Reach Value Of $925 Million By 2021
Date:4/24/2013

TORONTO, April 24, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, revenues for endoscope service will grow moderately in the United States through 2021. Due to the capital budget constraints faced by many facilities and the fragile nature of advanced endoscopes, it is generally more cost-effective for facilities to have their endoscopes serviced rather than to replace them completely with new systems.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO )

Original equipment manufacturers (OEMs) compete with third-party vendors for endoscope service business. While third-party servicers have become increasingly competitive, revenues generated by OEMs will continue to grow slightly faster. Some of the strategic advantages for OEMs include the funding to engage in national marketing efforts, having proprietary parts and offering a wide breadth of service and payment programs.

Marketing campaigns from OEMs such as Olympus and Stryker highlight the advantages of OEM endoscope repair and the potential risks of third-party repairs. For example, OEMs have access to the exact parts and service manuals for their endoscopes, which facilities value, particularly for new endoscopes. OEMs are also able to negotiate service contracts when new endoscope purchases are made; this is something that third-party vendors cannot do.

"Even though OEMs have generally dominated in this market, third-party vendors have made a number of strides to better compete as well," said MRG Senior Analyst Lexie Code . "In particular, acquisitions between third-party vendors have given them wider service networks and larger budgets so that they can compete with OEMs for high-value group purchasing organization (GPO) service contracts."

Overall, however, OEMs will continue to be the preferred endoscope service companies in the US through 2021, and the expensive nature of repairs by these companies will continue to fuel revenue expansion in the endoscope service market.

Free Webinar: OEMs vs Third Party Vendors in the US Endoscope Service Market: Who's Winning?
MRG Senior Analyst Lexie Code handicaps this increasingly competitive market.
April 25, 2013
11 a.m. U.S. Eastern Time

Register for this webinar

Millennium Research Group's US Markets for Endoscope Service 2013 report includes unit, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for more than 20 types of flexible and rigid endoscopes serviced by OEMs and third-party companies in the United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. South and Central America Endoscopy Devices Market Outlook to 2019 - Capsule Endoscope Systems, Endoscopic Instruments, Flexible Endoscopes, Rigid Endoscopes and Others
2. North America Endoscopy Devices Market Outlook to 2019 - Capsule Endoscope Systems, Endoscopic Instruments, Flexible Endoscopes, Rigid Endoscopes and Others
3. Precision Optics Corporation Announces Reciept Of $660,000 Purchase Order For Custom-Designed Endoscopes
4. Frost & Sullivan Honours CapsoVision for CapsoCam SV-1, its Game-changing Gastrointestinal Capsule Endoscope
5. Middle East and Africa Endoscopy Devices Market Outlook to 2017 - Flexible Endoscopes, Rigid Endoscopes, Endoscopy Visualization Systems, Capsule Endoscope Systems and Others
6. Middle East and Africa Endoscopy Devices Market Outlook to 2017 - Flexible Endoscopes, Rigid Endoscopes, Endoscopy Visualization Systems, Capsule Endoscope Systems and Others
7. Precision Optics Corporation Announces $1 Million Order for Microprecision™ Based Endoscopes
8. Millstone Medical Outsourcing Expands Medical Device Distribution Services
9. Nipro Diagnostics Leverages Managed IT Services from JDL Technologies to Support Growth and Technological Innovation
10. Water Street Invests in Global Pharmaceutical Services Company
11. Dynamic Healthcare Services Announces David Erb as Director of Sales
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/12/2017)... and NEW YORK , Sept. 12, 2017   ... for global supply chains, has published the first annual edition of its ... of more than 20,400 companies evaluated by EcoVadis, based on Scorecard Ratings ... 2016. ... CSR Risk & Performance Index ...
(Date:9/12/2017)... 2017  ValGenesis Inc., the global leader in ... to announce the appointment of Dr. Ajaz ... of Directors and Chairman of Advisory Board beginning ... companies to manage their entire validation lifecycle process ... this process. Furthermore, ValGenesis VLMS enables rigorous compliance, ...
(Date:9/9/2017)... 2017 Dealmed Medical Supplies, New ... equipment, supplies, drugs, vaccines, and specialty medical products and ... agreement to acquire Vantage Medical Supplies, a major distributor ... Holtsville, New York . ... emerging medical practices, will operate under the Dealmed name ...
Breaking Medicine Technology:
(Date:9/24/2017)... ... September 24, 2017 , ... “The Gospel Truth Of The Bible: The Other Sheep”: ... Truth Of The Bible: The Other Sheep” is the creation of published author, Maurice Caines. ... the West Indies. He has been a member of the Seventh-day Adventist Church for ...
(Date:9/22/2017)... ... September 22, 2017 , ... MEDIA OPPORTUNITY: , Save Our ... interview citizens on why they are rallying against Mayo Clinic. Specifically, media can talk ... against Dr. Noseworthy’s (CEO) decision to close the Albert Lea hospital. , The rally ...
(Date:9/22/2017)... York (PRWEB) , ... September 22, 2017 , ... ... and assembles Passive House buildings, and Richard Pedranti Architect (RPA), a ... House from the strategic partner’s Solsken Line of Model Homes . Independently, ...
(Date:9/22/2017)... ... September 22, 2017 , ... Happy Living’s mission - to ... carries it into the entertaining and delicious worlds of theatre and wines. ... Happy Living) convinced him to turn his play into a book. The Greener The ...
(Date:9/22/2017)... ... September 22, 2017 , ... ... rooms is celebrating the one year anniversary of its Houston-Fallbrook facility. , ... Dr. Otinwa, Facility Medical Director of First Choice Emergency Room Houston-Fallbrook. “It has ...
Breaking Medicine News(10 mins):