PENTAX Medical Singapore Pte. Ltd. signed Distribution Agreement with Wassenburg Medical Devices for Asia Pacific Region
Shanghai, April 16th, 2013 – PENTAX Medical Singapore Pte. Ltd., a wholly-owned subsidiary of the Japan Public Company, HOYA Corporation (Tokyo Stock Exchange, stock code 7741), announced today that it has signed a distribution agreement with Wassenburg Medical Devices B.V., a European-based manufacturer of medical devices that has specialized in endoscope reprocessing for more than 25 years. The agreement encompasses the distribution of Wassenburg Medical Devices’ product portfolio that includes endoscope washer disinfectors, drying cabinets and dedicated endoscope traceability and management software for Asia Pacific region, excluding Japan.
According to the agreement, PENTAX Medical Singapore Pte. Ltd. will be the exclusive distributor of Wassenburg Medical Devices’ products for Asia Pacific region excluding Japan, for 5 years starting from the date the agreement was officially signed. PENTAX Medical will handle the sales promotion & distribution, equipment installation and maintenance services of the WASSENBURG® product portfolio, which include the endoscope washer disinfectors (WD440 series & WD440 PT pass through series), drying cabinets (DRY series) and the software for endoscope reprocessing management (Process Manager) exclusively.
Wassenburg Medical Devices’ endoscope washer disinfectors can offer the automated reprocessing of used flexible endoscopes in hospitals. This ensures that the reprocessed endoscope can be safely used during the next endoscopic procedure on the next patient. Its drying cabinets can provide drying & storage of the reprocessed endoscopes, while the traceability and registration management software can support the whole management process of endoscope reprocessing, drying and storage in the hospital’s computer system.
As the world’s fastest growing economy with more than 50% of the world’s population, Asia Pacific is becoming the most attractive market with great potential for the medical device industry. Since 2010, PENTAX Medical has made substantial investments in the region to boost its business growth, and has achieved double-digit growth in its sales revenue in the region in the past 2 years. According to market research studies published by iData Research in July 2012, there will be ~16 million gastrointestinal endoscopy procedures in 2013 in China and India, the 2 biggest countries in terms of population and large markets with considerable potential in Asia Pacific. Moreover the studies indicate that the volume of such gastrointestinal endoscopy procedures in China and India will have a 10%+ CAGR with more than 25 million procedures in 2018 This will surely drive the rapid growth in demand for automated endoscope reprocessing systems as well. In
HOYA CORPORATION : PENTAX Medical Singapore signed Distribution Agreement with Wassenburg Medical Devices for Asia Pacific Region
