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KARL STORZ GmbH & Co. KG

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KARL STORZ GmbH & Co. KG - Healthcare showcase

Year Founded & Workforce

1945

10,000 Employees

Industry

Healthcare

Services

LaryngoscopySurgical Navigation System
K

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KARL STORZ GmbH & Co. KG Overview

Company Headquarters: Tuttlingen, Germany

Founded: 1945

Workforce: ~10,000

Company Working: KARL STORZ GmbH & Co. KG (Karl Storz) offers a range of rigid and flexible endoscopes, endoscopic instruments, and devices for more than 15 specialties in human medicine. The company also provides solutions for veterinary medicine and industrial applications. It develops digital documentation systems and comprehensive operating room concepts. Karl Storz has research and manufacturing facilities in Europe and the US. It has a sales presence in more than 40 countries globally.

Strategy

Karl Storz focuses on increasing investments in research and development and expanding its market in developing regions. The company also focuses on tapping emerging markets with the high potential to increase its geographical presence.

Company Snapshot

10,000

Employees

1945

Founded

Tuttlingen, Germany

Headquarters

SWOT Analysis

Strengths

  • Innovative product portfolio
  • Strong global distribution network
  • Highly skilled workforce

Weaknesses

  • Tough competition from other prominent market players
  • Product recall

Opportunities

  • Strategic investments in mergers and acquisitions to increase the company’s product portfolio worldwide

Threats

  • Changing competitive landscape

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Key Developments

DateApproachDevelopment
July 2019ExpansionKarl Storz announced an investment of USD 33.65 million (EUR 30 million) for the expansion of its Tuttlingen and Neuhausen production sites. This expansion will be beneficial for the manufacturing of endoscopes, instruments, and devices. This will strengthen the production site by expanding the production area.
September 2016ExpansionThe company announced the expansion of a new production building in Estonia. This will enhance the company’s growth and attract new investments.

Product Offering

  • KARL STORZ GmbH & Co. KG
    • Laryngoscopy
    • Surgical Navigation System

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