Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Introduction 13
2.1 What Is This Report About? 13
2.2 Definitions
13
2.2.1 Endoscopy Devices 13
2.2.1.1 Flexible Endoscope 13
2.2.1.2 Rigid Endoscope 13
3 Healthcare Sector Review 14
3.1
Healthcare Expenditure 14
3.2 Healthcare Infrastructure 15
3.3
Healthcare Policy 19
4 Endoscopy Devices in Spain 20
4.1 Endoscopy
Devices Overall Revenues (2000-2012) 20
4.2 Endoscopy Devices Overall
Volume (2000-2012) 26
4.3 Endoscopy Devices Overall Company Share
(2006-2007) 29
5 Flexible Endoscope in Spain 30
5.1 Flexible Endoscope
Overall Revenue (2000-2012) 30
5.2 Flexible Endoscope Overall Volume
(2000-2012) 32
5.3 Flexible Endoscope Average Price (2000-2012) 34
5.4
Flexible Endoscope Distribution Share (2006-2007) 36
5.5 Flexible
Endoscope Company Share (2006-2007) 37
6 Rigid Endoscope in Spain 38
6.1 Rigid Endoscope Overall Revenues (2000-2012) 38
6.2 Rigid Endoscope
Overall Volume (2000-2012) 40
6.3 Rigid Endoscope Average Price
(2000-2012) 42
6.4 Rigid Endoscope Distribution Share (2006-2007) 44
6.5 Rigid Endoscope Company Share (2006-2007) 45
7 OLYMPUS CORPORATION
Company Profile 46
7.1 Company Overview 46
7.2 Business Overview
46
7.2.1 Imaging Systems Business 46
7.2.1.1 Overview 46
7.2.1.2
Financials 46
7.2.1.3 Capital Expenditure 46
7.2.1.4 Market View
46
7.2.1.5 Key Strategies 46
7.2.2 Information and Communication
Business 47
7.2.2.1 Overview 47
7.2.2.2 Financials 47
7.2.2.3
Capital Expenditure 47
7.2.2.4 Key Strategies 47
7.2.3 Life Sciences
Business 47
7.2.3.1 Overview 47
7.2.3.2 Financials 47
7.2.3.3
Capital Expenditure 47
7.2.3.4 Market View 48
7.2.3.5 Key Strategies
48
7.2.4 Medical Systems Business 48
7.2.4.1 Overview 48
7.2.4.2
Financials 48
7.2.4.3 Capital Expenditure 48
7.2.4.4 Market View
48
7.2.4.5 Key Strategies 49
7.2.5 Others 49
7.2.5.1 Overview
49
7.2.5.2 Financials 49
7.2.5.3 Capital Expenditure 49
7.2.5.4
Market View 49
7.2.5.5 Key Strategies 49
7.2.6 Major Products and
Services 50
7.2.7 History 50
7.3 Value Chain Analysis 53
7.3.1
Manufacturing 53
7.3.1.1 In House Manufacturing 53
7.3.2 Product
Development 54
7.3.2.1 Regulatory Approvals 54
7.3.2.2 Research and
Development 54
7.3.3 Sales and Marketing 54
7.3.3.1 Partnerships and
Alliances 54
7.3.3.2 Licensing Agreements 54
7.3.3.3 E-distribution
54
7.4 SWOT Analysis 55
7.4.1 OLYMPUS CORPORATION Strengths 55
7.4.1.1 Expansion of business activities 55
7.4.1.2 Strong internal
control system 55
7.4.1.3 Strong financial performance 56
7.4.2
OLYMPUS CORPORATION Weaknesses 56
7.4.2.1 Sluggish growth in Imaging
Systems Business division 56
7.4.2.2 Weak presence in Asia 56
7.4.2.3
Inconsistent profit margin 56
7.4.3 OLYMPUS CORPORATION Opportunities
57
7.4.3.1 Focused R&D 57
7.4.3.2 Launching of new products 57
7.4.3.3 Expansion of global markets 57
7.4.4 OLYMPUS CORPORATION Threats
57
7.4.4.1 Price competition 57
7.4.4.2 Dependent on key suppliers
57
7.4.4.3 Pricing pressures in Japan 58
7.5 Revenue Analysis 58
7.5.1 Revenue by Segment 58
7.5.2 Revenue by Geography 59
7.6
Financial and Operational Review 61
7.6.1 Financial Statements 61
7.6.2 Financial Ratios 62
7.6.3 Share Holding Structure 63
7.7
Locations And Subsidiaries 64
7.8 OLYMPUS CORPORATION Pipeline Products
66
7.8.1 OLYMPUS CAPSULE ENDOSCOPE SYSTEM 66
7.8.1.1 Product Overview
66
7.8.1.2 Product Description 66
7.8.1.3 Product Status 66
7.8.2
Single Balloon Enteroscopy (SBE) system 66
7.8.2.1 Product Overview 66
7.8.2.2 Product Description 66
7.8.2.3 Product Status 67
7.8.2.4
Product Milestone 67
8 KARL STORZ GmbH & Co. KG Company Profile 68
8.1
Company Overview 68
8.2 Business Overview 68
8.2.1 Major Products and
Services 68
8.2.2 History 69
8.3 Locations And Subsidiaries 70
9
PENTAX Medical Company Profile 72
9.1 Company Overview 72
9.2 Business
Overview 72
9.2.1 Major Products and Services 73
9.2.2 History 74
9.3 Locations And Subsidiaries 75
10 B. Braun Melsungen AG Company Profile
76
10.1 Company Overview 76
10.2 Business Overview 76
10.2.1
Aesculap division 76
10.2.1.1 Overview 76
10.2.1.2 Financials 76
10.2.1.3 Market View 76
10.2.1.4 Key Strategies 76
10.2.2 B. Braun
Avitum division 77
10.2.2.1 Overview 77
10.2.2.2 Financials 77
10.2.2.3 Market View 77
10.2.2.4 Key Strategies 77
10.2.3 Hospital
Care division 77
10.2.3.1 Overview 77
10.2.3.2 Financials 77
10.2.3.3 Key Strategies 77
10.2.4 Out Patient Market (OPM) division 78
10.2.4.1 Overview 78
10.2.4.2 Financials 78
10.2.4.3 Market View
78
10.2.4.4 Key Strategies 78
10.2.5 Major Products and Services
78
10.2.6 History 79
10.3 Value Chain Analysis 80
10.3.1
Manufacturing 80
10.3.1.1 In House Manufacturing 80
10.3.1.2
Outsourcing 81
10.3.2 Product Development 81
10.3.2.1 Regulatory
Approvals 81
10.3.2.2 Clinical Trials 81
10.3.2.3 Research and
Development 82
10.3.3 Sales and Marketing 82
10.3.3.1 Partnerships and
Alliances 82
10.3.3.2 Licensing Agreements 82
10.4 SWOT Analysis
83
10.4.1 B. Braun Melsungen AG Strengths 83
10.4.1.1 L.I.F.E
certification 83
10.4.1.2 Significant revenues 83
10.4.1.3 Worldwide
existence 84
10.4.2 B. Braun Melsungen AG Weaknesses 84
10.4.2.1 High
SG&A expenses 84
10.4.2.2 FDA warning letter 84
10.4.3 B. Braun
Melsungen AG Opportunities 84
10.4.3.1 Acquisitions 84
10.4.3.2
Expansion of business 85
10.4.3.3 Broad product portfolio 85
10.4.4 B.
Braun Melsungen AG Threats 85
10.4.4.1 Foreign exchange 85
10.4.4.2
Intense competition and change in technologies 85
10.5 Revenue Analysis
86
10.5.1 Revenue by Segment 86
10.5.2 Revenue by Geography 86
10.6 Financial and Operational Review 88
10.6.1 Financial Statements
88
10.6.2 Financial Ratios 89
10.7 Locations And Subsidiaries 90
10.8 B. Braun Melsungen AG Pipeline Products 91
10.8.1 Coroflex Please
91
10.8.1.1 Product Overview 91
10.8.1.2 Product Description 92
10.8.1.3 Product Status 92
10.8.1.4 Product Milestone 93
10.8.2
SeQuent Please 94
10.8.2.1 Product Overview 94
10.8.2.2 Product
Description 94
10.8.2.3 Product Status 94
11 Fujinon Corporation
Company Profile 97
11.1 Company Overview 97
11.2 Business Overview
97
11.2.1 Major Products and Services 98
11.2.2 History 98
11.3
Locations And Subsidiaries 100
12 Regulation System 101
12.1 Medical
Equipment Approval Process 101
12.1.1 Classification of medical devices
101
12.1.2 Conformity Assessment Process 110
12.1.2.1 Class I devices
110
12.1.2.2 Class IIa devices 111
12.1.2.3 Class IIb devices 112
12.1.2.4 Class III devices 113
12.2 Post Market Surveillance (PMS) 113
13 Pricing and Reimbursement 114
13.1 Pricing and Reimbursement Policies
114
14 Distribution Structure 115
15 Appendix 116
15.1 Global
Markets Direct Research Methodology 116
15.2 Coverage 117
15.3
Secondary Research 117
15.4 Primary Research 118
15.5 Models 118
15.6 Forecasts 119
15.7 Expert Panels 119
15.8 Currency Conversion
120
15.9 Contact Us 121
15.10 Disclaimer 121
1.1 List of
Tables
Table 1: Number of Doctors by Specialty in Spain, 2003-2007 16
Table 2: Number of Hospital Wards by Specialty in Spain, 2003-2007 17
Table 3: Healthcare Institutions in Spain, 2005 18
Table 4: Hospital Beds
by Type in Spain, 2005 18
Table 5: Number of Healthcare Personnel in
Spain, 2005 18
Table 6: Number of Medical Equipment in Spain, 2005 19
Table 7: Endoscopy Devices, Spain, Overall Revenues ($ mn), 2000-2012 20
Table 8: Endoscopy Devices, Spain, Overall Revenues ($ mn), Historic,
2000-2007 21
Table 9: Endoscopy Devices, Spain, Overall Revenues ($ mn),
Forecast, 2007-2012 22
Table 10: Endoscopy Devices, Spain, Category
Revenues ($ mn), 2000-2012 23
Table 11: Endoscopy Devices, Spain, Category
Revenues ($ mn), Historic, 2000-2007 24
Table 12: Endoscopy Devices,
Spain, Category Revenues ($ mn), Forecast, 2007-2012 25
Table 13:
Endoscopy Devices, Spain, Category Volume (Units), 2000-2012 26
Table 14:
Endoscopy Devices, Spain, Category Volume (Units), Historic, 2000-2007 27
Table 15: Endoscopy Devices, Spain, Category Volume (Units), Forecast,
2007-2012 28
Table 16: Endoscopy Devices, Spain, Company Share by Revenue
($ mn), 2006-2007 29
Table 17: Flexible Endoscope, Spain, Overall Revenues
($ mn), Historic, 2000-2007 30
Table 18: Flexible Endoscope, Spain,
Overall Revenues ($ mn), Forecast, 2007-2012 31
Table 19: Flexible
Endoscope, Spain, Overall Volume (Units), Historic, 2000-2007 32
Table 20:
Flexible Endoscope, Spain, Overall Volume (Units), Forecast, 2007-2012 33
Table 21: Flexible Endoscope, Spain, Average Price ($), Historic, 2000-2007
34
Table 22: Flexible Endoscope, Spain, Average Price ($), Forecast,
2007-2012 35
Table 23: Flexible Endoscope, Spain, Distribution Share by
Revenue ($ mn), 2006-2007 36
Table 24: Flexible Endoscope, Spain, Company
Share by Revenue ($ mn), 2006-2007 37
Table 25: Rigid Endoscope, Spain,
Overall Revenues ($ mn), Historic, 2000-2007 38
Table 26: Rigid Endoscope,
Spain, Overall Revenues ($ mn), Forecast, 2007-2012 39
Table 27: Rigid
Endoscope, Spain, Overall Volume (Units), Historic, 2000-2007 40
Table 28:
Rigid Endoscope, Spain, Overall Volume (Units), Forecast, 2007-2012 41
Table 29: Rigid Endoscope, Spain, Average Price ($), Historic, 2000-2007
42
Table 30: Rigid Endoscope, Spain, Average Price ($), Forecast,
2007-2012 43
Table 31: Rigid Endoscope, Spain, Distribution Share by
Revenue ($ mn), 2006-2007 44
Table 32: Rigid Endoscope, Spain, Company
Share by Revenue ($ mn), 2006-2007 45
Table 33: OLYMPUS CORPORATION,
SWOT Analysis, 2007 55
Table 34: OLYMPUS CORPORATION, Revenue by
Segment, Yen Million, 2003-2007 59
Table 35: OLYMPUS CORPORATION,
Revenue by Geography, Yen Million, 2003-2007 60
Table 36: OLYMPUS
CORPORATION, Financial Statements, Yen Million, 2003-2007 61
Table 37:
OLYMPUS CORPORATION, Financial Ratios, Yen Million, 2003-2007 62
Table
38: OLYMPUS CORPORATION, Share Holding Structure 63
Table 39:
OLYMPUS CORPORATION, Other Locations 64
Table 40: OLYMPUS
CORPORATION, Other Locations(Contd..) 65
Table 41: OLYMPUS
CORPORATION, Subsidiaries 65
Table 42: KARL STORZ GmbH & Co. KG,
Other Locations 70
Table 43: KARL STORZ GmbH & Co. KG, Other
Locations(Contd..) 71
Table 44: PENTAX Medical Company, Other
Locations 75
Table 45: B. Braun Melsungen AG, SWOT Analysis, 2006
83
Table 46: B. Braun Melsungen AG, Revenue by Segment, Euro
Thousand, 2002-2006 86
Table 47: B. Braun Melsungen AG, Revenue by
Geography, Euro Thousand, 2002-2006 87
Table 48: B. Braun Melsungen
AG, Financial Statements, Euro Thousand, 2002-2006 88
Table 49: B.
Braun Melsungen AG, Financial Ratios, Euro Thousand, 2002-2006 89
Table
50: B. Braun Melsungen AG, Subsidiaries 90
Table 51: B. Braun
Melsungen AG, Subsidiaries(Contd..) 91
Table 52: Fujinon Corporation,
Subsidiaries 100
Table 53: Currency Conversion from USD to Local
Currency at 2007 Constant Rate 120
1.2 List of Figures
Figure 1:
Total Healthcare Expenditure in Spain, 2000 -- 2006 15
Figure 2: Endoscopy
Devices, Spain, Overall Revenues ($ mn), 2000-2012 20
Figure 3: Endoscopy
Devices, Spain, Overall Revenues ($ mn), Historic, 2000-2007 21
Figure 4:
Endoscopy Devices, Spain, Overall Revenues ($ mn), Forecast, 2007-2012 22
Figure 5: Endoscopy Devices, Spain, Category Revenues ($ mn), 2000-2012 23
Figure 6: Endoscopy Devices, Spain, Category Revenues ($ mn), Historic,
2000-2007 24
Figure 7: Endoscopy Devices, Spain, Category Revenues ($ mn),
Forecast, 2007-2012 25
Figure 8: Endoscopy Devices, Spain, Category Volume
(Units), 2000-2012 26
Figure 9: Endoscopy Devices, Spain, Category Volume
(Units), Historic, 2000-2007 27
Figure 10: Endoscopy Devices, Spain,
Category Volume (Units), Forecast, 2007-2012 28
Figure 11: Endoscopy
Devices, Spain, Company Share (%), 2007 29
Figure 12: Flexible Endoscope,
Spain, Overall Revenues ($ mn), Historic, 2000-2007 30
Figure 13: Flexible
Endoscope, Spain, Overall Revenues ($ mn), Forecast, 2007-2012 31
Figure
14: Flexible Endoscope, Spain, Overall Volume (Units), Historic, 2000-2007
32
Figure 15: Flexible Endoscope, Spain, Overall Volume (Units), Forecast,
2007-2012 33
Figure 16: Flexible Endoscope, Spain, Average Price ($),
Historic, 2000-2007 34
Figure 17: Flexible Endoscope, Spain, Average Price
($), Forecast, 2007-2012 35
Figure 18: Flexible Endoscope, Spain,
Distribution Share (%), 2007 36
Figure 19: Flexible Endoscope, Spain,
Company Share (%), 2007 37
Figure 20: Rigid Endoscope, Spain, Overall
Revenues ($ mn), Historic, 2000-2007 38
Figure 21: Rigid Endoscope, Spain,
Overall Revenues ($ mn), Forecast, 2007-2012 39
Figure 22: Rigid
Endoscope, Spain, Overall Volume (Units), Historic, 2000-2007 40
Figure
23: Rigid Endoscope, Spain, Overall Volume (Units), Forecast, 2007-2012 41
Figure 24: Rigid Endoscope, Spain, Average Price ($), Historic, 2000-2007
42
Figure 25: Rigid Endoscope, Spain, Average Price ($), Forecast,
2007-2012 43
Figure 26: Rigid Endoscope, Spain, Distribution Share (%),
2007 44
Figure 27: Rigid Endoscope, Spain, Company Share (%), 2007 45
Figure 28: OLYMPUS CORPORATION, Value Chain Analysis 53
Figure 29: B.
Braun Melsungen AG, Value Chain Analysis 80
Figure 30: Flowchart for
Classification of Non-invasive Devices in Spain, 2007 102
Figure 31:
Flowchart for Classification of Invasive Devices in Spain, 2007 103
Figure
32: Flowchart for Classification of Invasive Devices in Spain, 2007 104
Figure 33: Flowchart for Classification of Invasive Devices in Spain, 2007
105
Figure 34: Flowchart for Classification of Invasive Devices in Spain,
2007 106
Figure 35: Flowchart for Classification of Active Devices in
Spain, 2007 107
Figure 36: Flowchart for Classification of Active Devices
in Spain, 2007 108
Figure 37: Flowchart for Classification of Devices
except Non-invasive, Invasive and Active Devices in Spain, 2007 109
Figure
38: Conformity Assessment of Class-I Medical Devices in Spain, 2007 110
Figure 39: Conformity Assessment of Class-IIa Medical Devices in Spain, 2007
111
Figure 40: Conformity Assessment of Class-IIb Medical Devices in
Spain, 2007 112
Figure 41: Conformity Assessment of Class-III Medical
Devices in Spain, 2007 113
Figure 42: Global Markets Direct Methodology
116
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