KARL STORZ receives the Frost & Sullivan Award “Asia Pacific Endoscopy Company of the Year”

Frost & Sullivan has chosen KARL STORZ as the recipient of the 2011 Asia Pacific Endoscopy Company of the Year award which will be presented on October 13th in Singapore. KARL STORZ receives the award based on achievements in growth strategy, innovation in business processes and products, and leadership in customer value.

The Asia Pacific Endoscopy Company of the Year Award is bestowed upon the company that has emerged as a significant participant within the Endoscopy market. KARL STORZ is perceived by the independent Frost & Sullivan analysts to exhibit outstanding management, superior market and revenue growth, exceptional customer service and the ability to combine technology and successful strategic initiatives. The award recipient KARL STORZ reflects furthermore proven excellence in taking advantage of market changes by capturing and solidifying market presence and through execution of innovative strategies within the existing competitive landscape.

Frost & Sullivan analyzed companies’ efforts based on their achievements in Growth Strategy, Growth Implementation, Degree of Innovation with New Products and Technologies, Leadership in Customer Value and Leadership Market Penetration. After extensive secondary and technology research combined with interviews with all market participants, Frost & Sullivan announced KARL STORZ as the Award recipient.

“KARL STORZ, within a short period of 5 years, expanded its business in the Asia Pacific region. Both its revenue and market share grew in double digits. Compared to its competitors, the growth of KARL STORZ was diversified within the Asia Pacific region. Excellent dealers’ network, direct presence and expanding into the emerging Asia Pacific markets are some of the key strategic factors that helped the company to achieve such an excellent performance,” explains Jay Chandran, Associate Research Director for Healthcare, Frost & Sullivan Asia Pacific.

KARL STORZ and all subsidiaries of the Asia Pacific region are very honoured for being awarded the Endoscopy Company of the Year by Frost & Sullivan. Dr. h. c. mult. Sybill Storz, Managing Partner of the KARL STORZ Group explains the company’s position as follows: “We are absolutely pleased and honoured by being recognized as Endoscopy Company of the Year for the Asia Pacific region. Receiving such positive evaluation from independent experts is an outstanding confirmation for our understanding of doing business. We are pleased all the more as this is already the second Frost & Sullivan Asia Pacific Award KARL STORZ has received in two consecutive years. The 2010 Growth Award and this year’s Company of the Year Award really confirm our growth and quality strategy. For more than 65 years it has been our strategy and strength to establish local entities as well as working within an efficient network of dealers. We thank our customers and partners for the confidence that is the base for growth in established and emerging markets.”

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