Mindray Medical International Limited (Mindray) announced its plan to launch between seven and nine new products in 2009. The products include the company's first surgical light, its first surgical bed, its third digital radiography machine, an advanced color ultrasound system, and a line of anesthesia machines.
“Our rapid product development capability is an important strategic advantage for Mindray, as it continues to generate new revenue streams in an increasingly price-competitive medical device market,” remarked Xu Hang, Mindray’s chairman and co-chief executive officer. “We place a high priority on investing in our low-cost, high-skilled R&D team which enables us to respond quickly to new market opportunities and tailor products to meet customer demand for competitively priced medical devices with reliable and sophisticated functionality. In 2009, we plan to launch another seven to nine new products to support future growth. This target includes the launch of two jointly developed monitors under DPM that will bring us significant cross-selling and market share gain opportunities. Altogether, we are well positioned for 2009 and beyond as hospitals seek the most cost-effective budget spending for their investment without sacrificing quality in the current environment.”