Mindray Makes Subtle Move Into Orthopedics
China’s international medical device leader Mindray Medical International Ltd. entered the rough-and-tumble Chinese orthopedics industry. The company accquired a controlling stake in Wuhan Dragonbio Surgical Implant Co. Ltd., a small China-based supplier of trauma, large joint and spine products. The purchase pits Mindray – which sells large durable medical equipment across the globe ( against larger China-based companies like China Kanghui Holdings, Shandong Weigao Group Medical Polymer Co. Ltd. and Trauson Medical Instrument Co. Ltd., as well as multinationals. Dragonbio is a bit player in the Chinese orthopedics market. But Mindray ( which is projected to report $1 billion in sales this year – likely won’t be content with that place on the pecking order.