Merit Medical's Medallion Syringes

Merit Medical's Medallion syringes take the estimation out of medication labeling. Medallion syringe is made to aid observance with nationwide safety aims which need labeling of all prescriptions off and on the sterile ground. Merit Medical Systems is a designer, developer, marketer and manufacturer of medical devices used in an group of diagnostic and interventional procedures. Merit operates in Europe, China and the US. It is headquartered in South Jordan, Utah and employs around 2,178 people. (www.meritoem.com)

The company recorded revenues of $296.8 million in the fiscal year ended December 2010, an increase of 15.3% over 2009. The company's operating profit was $17.2 million in fiscal 2010, a decrease of 47.6% over 2009. Its net profit was $12.5 million in fiscal 2010, a decrease of 44.7% over 2009.

Business Description

Merit Medical Systems (Merit) is engaged in the development, design, sale and manufacture of medical devices for interventional and diagnostic cardiology, gastroenterology, interventional radiology, vascular and pulmonology surgery markets. The company operates in Europe, China and the US. (Meade, 12)

Surgical and Medical Equipment

The world's surgical and medical equipment industry manufactures medical, surgical, ophthalmic, and veterinary instruments and apparatus. The industry also includes more high-tech instruments, such as implantable devices, remote monitoring and dosing products, and micro-sized biomonitors and drug-delivery systems.

SWOT

Strengths

In 1998 the emerging biotechnology industry--which embraced a large number of corporations also specializing in medical and surgical device manufacture--was growing at a rate of 11 percent a year. Medical device sales rose at 7 percent a year during the same period. By the end of the twentieth century, U.S. manufacturers controlled between 40 and 50 percent of the US$169 billion medical device world market, although Japan was a strong presence, and both established and emerging Northern European firms were making serious technological gains. The decline of economic recessions in Europe and Japan meant increased spending on U.S. exports such as stethoscopes, needles and syringes, ophthalmic instruments, and sphygmomanometers. Use of laparoscopy, internal stapling, and other less invasive surgical procedures was on the rise globally. U.S. global dominance in the medical supply industry did decrease slightly as the year 2000 approached, dropping to a 40 percent share of the market by the late 1990s. (Ogilvy, 36)

Strong Brand

Merit Medical Systems (Merit) is a medical devices company engaged in the development, manufacturing and marketing of medical devices for the diagnosis and treatment of cardiovascular and vascular disease. The company's key products include the following:

Pulmonary and Gastroenterology products:

Bi-polar probes

Discography products

Non-Vascular stents

Pressure sensors

Specialty procedure products

Radiology and Cardiology products:

Angiography and angioplasty accessories

Diagnostic catheters

Drainage catheters and accessories

Guide Wires

Hemostasis valves

Inflation devices

Multipurpose microcatheters

Obesity-related products

Paracentesis and pericardiocentesis catheters

Products for dialysis and interventional nephrology

Safety and waste management systems

Therapeutic infusion catheters

Torque Devices

Vascular access products

Vascular retrieval devices

Opportunities

2010 was a very significant year for Merit Medical's Medallion syringes. Merit continued its growth in a difficult environment by introducing new products, expanding geographically and completing strategic acquisitions.

Highlights include:

Opening an office in Beijing, ...