PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Mindray Recognized by Frost & Sullivan for its Global Expansion and Acquisition Strategy - Based on its recent analysis of the patient monitoring market, Frost & Sullivan recognises Mindray Medical International Limited (Mindray) with the
Mindray Recognized by Frost & Sullivan for its Global Expansion and Acquisition Strategy

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/05/24 - Based on its recent analysis of the patient monitoring market, Frost & Sullivan recognises Mindray Medical International Limited (Mindray) with the "2010 European Patient Monitoring Excellence in Globalisation Award".

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Medical Services/Equipment Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Mindray, which maintains its global base for product development, engineering and manufacturing in China, employs a vertically integrated operating model that enables the company to benefit from unique cost savings and efficiencies. Mindray recently strategically moved its New Jersey outsourced manufacturing capabilities to China in an effort to leverage low-cost technical expertise, labour and raw materials as well as gain a distinct competitive edge in international markets.

In 2008, Mindray acquired Datascope's patient monitoring business in the United States to become the world's third largest patient monitoring brand. This acquisition expanded Mindray's presence outside China as well as its existing worldwide distributor network through the addition of direct sales networks in the United States, the United Kingdom and France.

"The acquisition has also assisted Mindray in effectively understanding market trends, conditions and the changing needs of customers," says Frost & Sullivan Research Analyst Akanksha Joshi. "Mindray expects the acquisition to serve as a strong platform to support sustainable growth of its international business; Mindray has sold its products in more than 160 countries through 13 overseas offices."

The company has worked to form strong, long-term relationships with its suppliers to widen its global base and gain significant cost savings through volume. Generally, Mindray enters into annual contracts with suppliers, allowing for periodic price negotiations that help to reduce manufacturing costs and maintain strong profit margins.

Although the company actively looks to save costs, product quality is paramount to Mindray. This is evidenced by Mindray's independent quality control system, which is dedicated to quality control for the design, manufacture, assembly and testing of products. Mindray was one of the first companies to obtain Technischer Überwachungsverein (TÜV) International Organisation for Standardisation (ISO) 9001/13485 Certification, the Conformité Européenne (CE) mark, as well as Food and Drug Administration (FDA) approval. Mindray actively pursues the delivery of high quality in all aspects of its product portfolio.

"Mindray has three primary product business segments - patient monitoring and life support products, in-vitro diagnostic products, and medical imaging systems," notes Joshi. "Mindray's patient monitoring division offers over 40 different models that monitor patient vital signs in intensive care units, critical care units, operating rooms, emergency rooms and delivery rooms."

Mindray's product portfolio consists of 20 in-vitro diagnostic products and more than 110 reagents that are used in clinics and hospitals to detect various substances in patient samples such as blood, urine and other bodily fluids. The medical imaging systems segment is composed of more than 15 models that help produce real-time images of blood flow and anatomical movements using computer-managed sound waves.

Mindray's customer base primarily ranges from middle to low-end medical device markets. In China, Mindray has the largest customer support and service team with more than 1,000 sales and service staff that work closely with over 2,000 distributors. This network enables the company to provide domestic training, technical support and warranty as well as maintenance and repair services to both end users and distributors.

"Mindray's broad product line and diverse product offering help the company effectively compete against other international participants," observes Joshi. "Through its continuous efforts to improve manufacturing efficiencies and reduce raw material costs, Mindray has been successful in decreasing overall production costs and thereby, passing the cost savings onto its customers."

Each year, Frost & Sullivan presents this award to companies that have established a strategic global footprint and leveraged their global assets. Award recipients have globally integrated their processes and systems, offered enhanced value to customers, exhibited a wider perspective, and see the world as a global community.

Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research in order to identify best practices in the industry.

About Mindray Medical International Limited
We are a leading developer, manufacturer and marketer of medical devices worldwide. We maintain our global operational headquarters in Shenzhen, China, and multiple sales offices in major domestic and international markets. From our main manufacturing and engineering base in China and through our worldwide distribution network, we supply internationally a broad range of products across three primary business segments, comprised of patient monitoring and life support products, in-vitro diagnostic products and medical imaging systems. For more information, please visit mindray.com/.

For investor and media inquiries please contact:

In the U.S:
John Capodanno, D
T: +1-212-850-5705
E: john.capodanno[.]fd.com.

Bryan Armstrong, FD
T: +1-(312) 553-6707
E: bryan.armstrong[.]fd.com.

In China:
Cathy Gao, Mindray Investor Relations
T: +86 755 2658 2518
E: cathy.gao[.]mindray.com.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Medical Services/Equipment Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Medical Services/Equipment articles,
CATCH Visitors via Your Competitors Announcements!


Mindray Recognized by Frost & Sullivan for its Global Expansion and Acquisition Strategy

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Jasmine Malone 
+44 207 915 7869 jasmine.malone[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Medical Services/Equipment via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Medical Services/Equipment Most Recent Related Newswires:

Frost & Sullivan Lauds SnooZeal’s Unique Electrical Stimulation Therapy for Sleep Apnea in the European Market
ZOLL Expands the Rescuer Experience at EMS Today
Traditional Mass Spectrometers Give Way to High-resolution Technologies Such as MALDI-TOF Finds Frost & Sullivan
AccuVein, Inc. Named A Best Place to Work in Medical Sales for Second Consecutive Year
MRI Inventor to Receive the Medtech Innovation Catalyst Award
Ansell Limited Acquires Cleanroom and Healthcare Consumables Manufacturer Nitritex Limited
ZOLL to Showcase Expanded Portfolio of Advanced Resuscitation and Acute Critical Care Technologies at Arab Health 2017
Frost & Sullivan Awards Ansell for Entrenching itself in the Hand Protection Market with its Visionary Products and Technologies
ZOLL RescueNet ePCR Achieves Latest National Compliance Standard
Eye Tech Care Wins Top Honours from Frost & Sullivan for Developing the EyeOP1, the Only Computer-assisted System for Glaucoma Therapy
Frost & Sullivan Recognizes Nuvectra’s Pioneering Spinal Cord Stimulation Product for Chronic Pain Management
GE Healthcare to Commercialize Rapiscan® Outside the US, Canada & Mexico for Increased Access to Heart Exams
Novel Home Care Needs and Customer Preferences Catalyse Growth Opportunities in Mature Cardiac Monitoring Market Finds Frost & Sullivan
Frost & Sullivan Highlights Inspirata's Leading-edge Digital Pathology Solutions that Accelerate Cancer Diagnostics, Monitoring, Treatment
Sparta Systems Broadens Partnership with TrackWise Implementation Specialist Equality Systems

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)