Olympus continues to grow endoscope business

The Japanese medtech firm’s main business area remains on the growth track in its first quarter of 2022/2023, even when adjusting for a big impact from currency effects of a strong US dollar.

Photo: Yuriko Nakao/Reuters/Ritzau Scanpix

Olympus has kept its endoscope business on track in the three months of April, May, and June, making up the Japanese medtech company’s first quarter report for fiscal 2022/2023.

In Q1, Olympus’ Endoscopic Solutions business has grown 17% compared to the same period last year. The company notes a particularly strong performance of its gastrointestinal endoscope products, which reached 18% year-on-year growth.

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