News and Research on Mindray Medical International Ltd. (MR)
Business Description
Mindray Medical International Ltd. engages in development, manufacture, and marketing of medical devices in China. The company sells its products primarily to distributors, and the balance directly to hospitals, clinics, government agencies, ODM customers and OEM customers.
Products
The company operates in three business segments patient monitoring devices, diagnostic laboratory instruments and ultrasound imaging systems and produce a range of medical devices across these business segments.
Patient Monitoring Devices
The company's patient monitoring devices track the physiological parameters of patients, such as heart rate, blood pressure, respiration and temperature. The company offers approximately 20 different patient monitoring devices that are suitable for adult, pediatric and neonatal patients and are used principally in hospitals intensive care units, operating rooms and emergency rooms. The company's product line offers customers a range of functionality, such as single- and multiple-parameter monitors, mobile and portable multifunction monitors, central stations that can collect and display multiple patient data on a single screen, and an electro-cardiogram monitoring device.
The company's multi-parameter monitoring devices can be networked, allowing hospitals to remotely gather patient data from patient rooms and centralize that data in a single location. The company's patient monitoring devices also have built-in recorders and have batteries for portability in most models, as well as power backup in the event of power failure in mobile models. It also offers a line of veterinary monitoring devices. The company's Beneview patient monitoring devices are capable of monitoring between 16 and 20 physiological parameters, and allow users to easily customize the parameters monitored by changing cartridges.
Diagnostic Laboratory Instruments
The company's diagnostic laboratory instruments provide data and analysis on blood, urine and other bodily fluid samples for clinical diagnosis and treatment. The company offers a range of semi-automated and fully-automated diagnostic laboratory instruments for laboratories, clinics and hospitals to perform analysis to detect and quantify various substances in the patient samples. The company's product portfolio consists of approximately 15 diagnostic laboratory instruments in two primary product categories: hematology analyzers and biochemistry analyzers. The company also offers reagents for use with its diagnostic laboratory instruments, and a microplate reader and microplate washer. A microplate is a plastic consumable used in diagnostic testing; it contains 96 wells where reagents are dispensed to react with patient samples.
Hematology analyzers: The company's hematology analyzers test blood samples to detect abnormalities or foreign substances. The company offers semi-automated and fully-automated three-part differential analyzers and fully-automated five-part differential analyzers (analyzers of three or five different types of white blood cells) with the ability to analyze a range of parameters through the use of reagents. The company also offers 27 reagents for uses with its hematology analyzers, and intends to expand its line of reagents.
Biochemistry analyzers: The company's biochemistry analyzers measure the concentration or activity of substances such as enzymes, proteins and substrates. These analyzers may also be used as therapeutic drug monitors or to check for drug abuse. The company also offers 40 reagents for use with its biochemistry analyzer.
The company introduced its BS-200 fully-automated biochemistry analyzer. In April 2007, the company introduced the BS-400, its fully-automated biochemistry analyzer; The BS-400 is the company's fastest biochemistry analyzer.
Ultrasound Imaging Systems
The company's ultrasound imaging systems use computer-managed sound waves to produce real time images of anatomical movement and blood flow. Ultrasound imaging systems are commonly employed in medical fields such as urology, gynecology, obstetrics and cardiology. The company sells approximately 10 portable and mobile grayscale ultrasound imaging systems, and offers a range of transducers to improve the adaptability of these systems for various applications.
In 2006, the company introduced its first color Doppler ultrasound imaging system, the DC-6.
Marketing
The company’s markets its products in Shenzhen, Boston, Istanbul, London, and Vancouver.
Customers
The company's hospital and government agency customers primarily include hospitals, as well as provincial level public health bureaus and population and family planning bureaus.
Competition
Patient monitoring devices: For domestic sales of patient monitoring devices, the company's primary competitors are Draeger Medical, GE Healthcare, Goldway Industrial, Koninklijke Philips Electronics, Nihon Kohden. For international sales of patient monitoring devices, the company's primary competitors are Datascope, Draeger Medical, GE Healthcare, Koninklijke Philips Electronics and Nihon Kohden.
Diagnostic laboratory instruments: For domestic sales of hematology analyzers, the company's primary competitors are Abbott Laboratories, Beckman Coulter, Horiba, MEKICS Co., Nihon Kohden, and Sysmex Corporation. For international sales of hematology analyzers, the company's primary competitors are Abbott Laboratories, Bayer Healthcare, Beckman Coulter, Horiba and Sysmex Corporation.
For domestic sales of biochemistry analyzers, the company's primary competitors are Biotecnica Instruments, Hitachi, Sysmex Corporation and UV-Vis Metrolab. For international sales of biochemistry analyzers, the company's primary competitors are Beckman Coulter, Erber-Transasia, Furuno Electrics Co., Olympus Medical Systems, Roche Diagnostics, Tokyo Bokei and UV-Vis Metrolab.
Ultrasound imaging systems: For domestic sales of ultrasound imaging systems, the company's primary competitors are Aloka and Medison. For international sales of ultrasound imaging systems, the company's primary competitors are Siemens Medical, GE Healthcare, Koninklijke Philips Electronics, Teknova and Toshiba America Medical Systems.
History
Mindray Medical International Limited was incorporated in 2005.
