Scandal Over Tainted Olympus Scopes Renews Call For Tougher Requirements on Medical Device Warnings

medical device warnings

A U.S. lawmaker is renewing his push for Congress to toughen requirements on medical device warnings, calling Olympus Corp.’s 2013 decision against issuing a broad alert to U.S. hospitals about scope-related superbug outbreaks “despicable.” Rep. Ted Lieu, a Democrat from California, says internal Olympus emails about that decision, detailed for the first time in a…

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Global Endoscopy Devices Paced for Rapid Growth

Global Endoscopy

  The Global Endoscopy Devices Market is estimated to be $30.1 billion in 2014 and is poised to reach $47.6 billion by 2022, growing at a CAGR of 5.90% from 2014 to 2022. Some of the key factors driving the market growth are rising preference for minimally invasive surgeries, technological advancements and aging population. Whereas…

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Endoscope Maker Olympus Agrees To $646 Million Settlement Over Kickbacks


Medical device maker Olympus Corp., already under federal investigation for its role in superbug outbreaks, has agreed to pay $646 million to resolve criminal and civil probes into illegal kickbacks and bribes to doctors and hospitals. Federal prosecutors said Tuesday that the company’s settlement is the largest ever for violations of the U.S. Anti-Kickback Statute.…

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Capsule Endoscopy Market Is Anticipated To Reach $886.3M

Capsule Endoscopy

Global Capsule Endoscopy market is expected to reach USD 886.3 million by 2022; according to a new study by Grand View Research, Inc. Increasing prevalence of colorectal cancer, GI diseases and growing demand for precise and accurate diagnostic tools are expected to drive the capsule endoscopy market over the forecast period. According to a report published by…

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