Mindray Medical Meets 2010 Product Development Targets and Announces Strong 2011 Pipeline
SHENZHEN, China, Jan 10, 2011 /PRNewswire-Asia-FirstCall/ -- Mindray Medical International Limited (NYSE: MR), a leading developer, manufacturer and marketer of medical devices worldwide, today announced updates on new product launches for 2010 and its product pipeline for domestic and international markets in 2011.
In 2010, the company released a total of ten products, meeting new product development goals outlined at the beginning of the year and increasing its total number of products on the market to over 80. Five of the new products came from its patient monitoring and life support product line, including two V series patient monitor system products, V21 and V12 patient monitoring systems, the surgical lights HyLed 9700/9500, the surgical bed HyBase 1000, and the ceiling pendent systems HyPort 9000. Mindray also released three new products in the medical imaging product line, including the M7 portable color ultrasound system, the DigiEyes760 digital radiography, as well as the first generation MRI product, Magsense 360. In the in-vitro diagnostic product line, two new products were launched, including BS-800 auto biochemistry analyzer and a hematology analyzer BC-3600 modular system.
2011 New Product Pipeline To further expand the addressable markets, the company expects to launch between seven and ten new products in 2011 with an emphasis on both high-end and low-end market opportunities. In 2011, the patient monitoring and life support product lines will yield additional products and enhancements. Areas for planned product expansion include patient monitoring, defibrillator and anesthesia delivery. For the in-vitro diagnostic product line, Mindray plans to develop more advanced hematology analyzer, as well as several reagents. Additionally, the medical imaging product line plans to unveil the feature enhanced color ultrasound unit, some lo