Top M&A Deals in the European Video Endoscopy Market

No comments

Based on a recent report published by iData Research on the video endoscopy market within Europe, several mergers and deals occurred over the past year. Video endoscopy systems are used to view the live, color video of the interior of the body during diagnostic and therapeutic minimally invasive surgeries (MIS).

Top most impactful M&A’s and partnerships in the European video endoscopy market include:

  1. Stryker acquiring Mobius imaging and Cardan Robotics for $500 million;
  2. The U.S. Department of Defense entering into an agreement with Arthrex;
  3.  Barco announced a partnership with Panopto.

Stryker’s Acquisition of Mobius Imaging

In September 2019, Stryker announced the acquisition of Mobius Imaging and its sister company Cardan Robotics for $500 million. This was a gateway for Stryker to enter the intra-operating imaging segment.

Mobius has been focused on integrating advanced imaging technologies into workflows since it was founded in 2008. They developed the Airo TruCT scanner, considered a best-in-class mobile, real-time, diagnostic-quality CT imaging system which won 510(k) clearance from the FDA in April 2018.

Founded in 2015, Cardan is developing robotics and navigation technologies for spinal procedures.

This acquisition brings expertise in advanced imaging and robotics as well as a robust product pipeline that adds to Stryker’s portfolio and will allow the spine division to provide more complete procedural solutions, including sales, service, and support,

Spencer Stiles, president of Stryker's orthopedics and spine group.

With this acquisition, Stryker was able to boost its presence in the spine, orthopedic, video endoscopy, and neurotechnology markets. It has also granted Stryker’s spine division access to the intraoperative imaging software by Mobius, which aligns with their navigation and implants portfolio.

Overall, Stryker was the third-leading competitor in the European Video Endoscopy market. They offered products in all segments other than medical photo printers.

Arthrex Contract with the U.S. Department of Defense

In August 2019, the U.S. Department of Defense entered into a contract with Arthrex worth up to $375 million for hospital equipment and accessories. This deal had been initiated a year prior from a direct sales pitch presented directly to the department head, allowing them to win amongst 58 other companies. The contract enabled all military hospitals, U.S. Department of Veterans Affairs hospitals, and municipal and community hospitals that serve the military to place any orders for Arthrex products through an electronic catalog.

Arthrex was the sixth-leading competitor in the European Video Endoscopy market, which was solely attributed to its share of the surgical camera system market.

Barcos Partnership With Panopto

In February 2020, Barco announced a partnership with Panopto to enhance virtual learning and training by connecting Barco’s weConnect platform and Panopto’s video platform. As a result of the companies working together, Barco released a new media streaming solution, called SecureStream. It is designed to improve the user interface for control room operators. It is a media streaming solution that makes sharing content from the control room to external stakeholders (and vice versa) easy and secure.

Belgian American Radio Corporation (BARCO) is a technology company founded in 1934. Its Sales & Marketing, Customer Support, R&D, and Manufacturing divisions are located throughout Europe, North America, and Asia-Pacific. Barco held a notable portion of the European Video Endoscopy market, which was solely attributed to its share of the surgical camera system market.

Video Endoscopy Market Size and Forecast

In addition to these events, the market growth in the EU has been driven by the conversion of the HD-installed base to 4K technology. 4K surgical cameras produce image quality superior to that of their HD counterparts. 4K resolution features four times the number of pixels compared to HD, which provides enhanced zooming capabilities and is particularly beneficial during minimally invasive surgeries.

Register to receive a free European Market Report Suite for Video Endoscopy 2021-2027 synopsis

Overall, the European Video Endoscopy market size has reached a valuation of €675 million in 2020. Competitive pressures within the market are expected to continue driving its growth, allowing it to exceed €846 million in 2027.

Via: Mass Device, Naples Daily News and PRnewswire

MedTech News

iData Research’s MedTechFuture, CardioFuture, DentalFuture and OrthoFuture blogs help you stay on top of the latest developments in the medical device, cardiovascular, dental and orthopedics industries.

Stay Up-to-Date with our Monthly Newsletters

Analyst Q&A: Orthopedic Biomaterials and the European Market

iData’s analysts work extensively to retrieve data and source both syndicated and custom market research reports. Due to their in-depth understanding of the markets and their first-hand experience with the data, we have asked some insightful questions on the European market for orthopedic biomaterials to assist you in making better strategic decisions.  WHAT ARE ORTHOPEDIC

Neocis Inc. Robot Surpasses 10,000 Dental Implants Placed

Neocis, Inc. announced that clinicians have successfully placed over 10,000 dental implants using the Yomi® dental robotic platform. Yomi® is the first and only FDA-cleared robot assisted dental surgery system designed to provide assistance in preoperative and intraoperative phases of dental implant surgery. It gained FDA clearance for dental implant procedures in 2016 and further

Ethicon’s Monarch Surgical Robot for Urological Procedures Receives FDA Clearance

Today, J&J’s Ethicon announced that its robotic surgery platform, Monarch, officially received FDA 510(k) clearance. Ethicon’s Auris Health subsidy received the FDA clearance for Monarch for its endourological procedures. Officials of Ethicon say it is now the first and only multispecialty, flexible robotic solution for use in bronchoscopy and urology, respectively.  Ethicon stated in a

Abbott Announces World’s First Implant of Dual-Chamber Leadless Pacemaker

As part of a pivotal clinical study, Abbott officially announced the world’s first patient implants of a dual-chamber leadless pacemaker, aptly named AVEIR DRi2i™. This implant of the investigational Aveir™ represents a technological milestone for leadless pacing and is the first seen within the trial.  Patients who experience a slower heart rate are eligible to

Everything You Need to Know About the Global Autotransfusion Device Market

iData’s full report suite on the global market for autotransfusion devices includes disposable materials and capital equipment. Disposable devices are typically sold in a kit and can include a wash kit, suction/anticoagulant line and a blood collection reservoir. The capital equipment market includes autotransfusion machines. Overall, the global autotransfusion device market was valued at $224.9

Discussion: Did COVID Aid in The Outpatient TAVR Trend?

With consideration of pandemic strains on healthcare systems worldwide, seven centers in the U.S., U.K., and Canada have opted to attempt same-day discharge (SDD) with hopes of maintaining transcatheter aortic valve replacement (TAVR) volumes whilst preserving hospital resources during COVID-19 case surges. According to MedPage, after a 17 month trial, 5.9% of 2,100 patients who

Neocis Inc. Robot Surpasses 10,000 Dental Implants Placed

Neocis, Inc. announced that clinicians have successfully placed over 10,000 dental implants using the Yomi® dental robotic platform. Yomi® is the first and only FDA-cleared robot assisted dental surgery system designed to provide assistance in preoperative and intraoperative phases of dental implant surgery. It gained FDA clearance for dental implant procedures in 2016 and further

Demand for Overdentures Set to Meet The Rise of Global Aging Population

According to the United Nations, the global population aged 65 or older is growing at a significantly faster rate in comparison to any other age group. One in six people will be over the age of 65 by 2050, and parallel to the growth of the geriatric demographic, the demand for overdentures has skyrocketed in

Global Dentistry Leader, Dentsply Sirona to Partner with Google Cloud.

Recently announced: global dentistry leader, Dentsply Sirona, has announced that it is taking a number of steps to improve digital workflows designed to benefit dentists, dental laboratories, and patients. As these steps towards improvement are implemented, a new partnership has arisen. Dentsply Sirona has voiced its partnership with Google Cloud and the launch of a

What Is Causing an Increase in the U.S. Arthroscopic Device Market?

Arthroscopy is one of the most common out-patient procedures. In recent years, there has been an increasing number of arthroscopies being performed in physician-owned ambulatory surgery centers (ASCs). Previously the U.S. arthroscopic device market was valued at nearly $1.5 billion and is expected to reach $2.1 billion by 2025. What is causing the market to

FDA Clears Catalyst OrthoScience Reverse Shoulder System

Catalyst OrthoScience Inc., a medical device company focused on the upper extremity orthopedics market, has received clearance from the U.S. Food & Drug Administration (FDA) to market its reverse shoulder system. Catalyst’s reverse shoulder system is a single-tray arthroplasty system that is made to combine beneficial and evidence-based attributes of reverse shoulder arthroplasty design. The

Osso VR Partnering with MicroPort Orthopedics to Provide VR Training Module for Hip and Knee System

Osso VR has been providing a virtual surgical training platform to provide an education to medical students who are currently unable to receive in-person training due to COVID-19. They have recently partnered with MicroPort Orthopedics, to provide students with an opportunity to take part in VR training of the surgical techniques used by MicroPort. The

iData ResearchTop M&A Deals in the European Video Endoscopy Market