The new life of local medical equipment companies: the era of the Big Three!

China's medical device market has always been an exile of multinational companies. How to play with how to play, Chinese local companies either play or arbitrarily. Foreign-funded enterprises represented by GPS have long-term absolute advantages in the domestic medical market, especially in the high-end and large-scale equipment fields, and even have absolute control over pricing.

As a "spoiler", Mindray first broke this state. Since the beginning of the 21st century, Mindray Medical has seized the historical opportunity and broke through in the medical jungle of strong hands, especially in certain sub-sectors. By making products cheaper, it is a bloody way to become a local Chinese company. Benchmarking and competing learning objects. Not only did she have a strong domestic momentum, she also attacked the city overseas and went straight to Huanglong, all the way to the backyard of multinational companies. It's no wonder that Jeffrey R. Immelt, CEO of Connected Electric, also mentioned in his Reverse Innovation article that he should pay attention to and focus on competitors from developing countries such as Mindray. He mentioned that other multinational companies, because they often deal with each other, are already familiar with how to compete with them. Unfamiliar with opponents from developing countries, it is difficult to understand that they often do not follow the common sense of the card, pay more attention and prevent cloud. Lenovo, who associates with the communications industry, is now on the top of the world, allowing veteran multinationals to bow down and understand the concerns of GE CEOs.

In the past ten years, domestic medical equipment has been weak overall. Mindray Medical has always been a leader in Chinese local enterprises, and it has been supported by multinational companies in the eyes of the multinational companies. There are few local players who can compete with them to fight against powerful multinational companies.

This situation until the Shanghai CMEF in 2015, finally ushered in a watershed, a new era of Umi (UMY) was born!

CMEF, the largest medical equipment exhibition in the Asia-Pacific region, was held in Shanghai in the 73rd session in May 2015. It was officially moved from Shenzhen to Shanghai and held at the newly-built National Convention and Exhibition Center. After years of operation, CMEF has become the vane of product and technology development in the medical device industry . The number of Chinese companies is booming and it is going to be unveiled on the CMEF stage. In this exhibition, various manufacturers made their debut; in the main exhibition halls H7.2 and H8.2, there was a scene that never appeared: the three multinational companies GPS and the three local companies UMY (youmi) were on the same level. . These six most powerful companies represent multinationals and local companies. The organizers are also painstaking, so that each company's booth is about 1000 square meters, regardless of the technical content of each product, at least in the outside world, their ambitions are on a horizontal line.

Opposite GE, it’s the same size photo booth.

Mindray’s prospects and future need not be said much, and people in the industry are very clear. Listing on the NYSE brings great benefits to Mindray's internationalization process. However, compared with the domestic stock market, the P/E multiple is only about 15 and the value is far underestimated. Therefore, there are rumors of returning to the domestic stock market in the United States. Mindray's competitiveness in the segmentation area is almost indisputable, such as monitoring, anesthesia, blood cells, biochemistry, ultrasound, etc.

Mindray’s internationalization is evident from the booth design

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Tartaric Acid, Vanillin, Menthol, Menthol Crystal, Flavoring agent, Baking powder

Xi'an Gawen Biotechnology Co., Ltd , https://www.ahualynbio.com