12|10|2009

Chinese Medical technology company, Mindray, opens Madrid office

Chinese medical equipment manufacturing and development company, Mindray, has opened an office in Madrid, which will make it the first company of its kind to locate in Spain.

The company presented its new office during a business symposium entitled “Chinese High Technology Companies” held in Madrid on the 19th of October.

Mindray currently manufactures 60 products in three lines of business, such as devices for patient monitoring and life-support products, ‘in-vitro’ diagnostic technology and medical imaging systems. Its intention is to present six to eight new products every year in order to increase its market share nationally and internationally.

The company’s director of the Medical Imaging Systems business in Spain, Andrea Warlters, explained that "Mindray hopes to provide the Spanish market with the opportunity of accessing cheaper medical high technology”.

According to Warlters, Mindray’s success is inextricably linked to the commitment of the company to investment. "Mindray invests around ten percent of its annual income in R&D and has more than 1,500 professionals working in this area ".

The company has distributed more than 40,000 products to hospitals, clinics and medical centers in China. Outside China, the company exports to 142 countries and has since its beginnings marketed devices in more than 190 countries. It began exporting products for the first time in 2000, and in the second half of 2007 income generated in international markets exceeded national income for the first time in its history.

In June 2009, the company had a workforce of 5,600 worldwide. It is currently increasing distribution, sales and its services network in order to bring its products closer to the end users. It now owns 29 subsidiaries in the main cities of China, and 12 subsidiaries abroad: in Amsterdam, Frankfurt, Istanbul, London, City of Mexico, Milan, Moscow, Mumbai, Sao Paulo, Seattle, Toronto, Vancouver, and now in Madrid.