SUZHOU, China, Nov. 8, 2022 /PRNewswire/ -- Recently, Scivita Medical Technology Co., Ltd. ('Scivita Medical') and FUJIFILM Europe B.V. ('Fujifilm') headquartered in the Netherlands, jointly announced a strategic cooperation between the two companies. Under a supply and distribution agreement, Fujifilm is designated as the exclusive distributor responsible for the sales and business expansion of Scivita Medical's single-use broncho videoscopes in some major countries throughout Europe.

Data has shown that the global market capacity of medical endoscopes is huge and continues to increase rapidly. According to Frost & Sullivan, the global market value of medical endoscopes was USD 20.3 billion in 2020, and with the constant growth of medical demand driven by population aging, increasing awareness of medical healthcare, and technical progress, the market value is estimated to increase with an annual compound rate of 6.9% to USD 39.6 billion in 2030. As a result of the growing demands of mitigating the risks of cross-contamination and hospital-acquired diseases, particularly amid the outbreak of COVID-19 pandemic, the global single-use endoscope market is also rapidly growing. The global market value of single-use medical endoscopes was USD 0.5 billion in 2020, and is estimated to increase to USD 9.2 billion in 2030, according to Frost & Sullivan.

Scivita Medical's single-use broncho videoscope is a disposable flexible endoscope. It frees healthcare practitioners from having to sterilize the used endoscope after each operation, thereby enabling back-to-back procedures, improving surgical efficiency, and reducing the composite cost of hospitals. The product also has various advanced technical features to enhance physicians' experience during the operation. The cooperation between Fujifilm and Scivita Medical is expected to enhance the market acceptance of the product and boost its sales in Europe.

Scivita Medical, said, "Single-use endoscopes is one of the key researches and development focuses in the endoscopic domain. We believe that our strategic cooperation with Fujifilm will gain us great competitive advantages over other brands and help us gradually increase our market share in the overseas markets. We will take the opportunity to enter the European market, bringing our core technology and product advantages into full play. By leveraging Fujifilm's extensive sales network and marketing resources in the European market, we will be able to demonstrate the advantages of our products in terms of performance and function to overseas customers effectively and efficiently, and expect to generate more sales from overseas markets. Overseas sales are widely believed as a touchstone for the technical strength of a medical device company. This successful cooperation will undoubtedly serve as a strong validation of the innovativeness and high quality of the products of Scivita Medical."

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