Inspired Medical VHB 20 Humidification system and Inspired Infinity Circuit (“IIC”) was chosen as the preferred partner with the largest install base of Critical Ventilators in Japan
Vincent Medical Holdings Limited (“Vincent Medical” or together with its subsidiaries, the “Group”, stock code: 1612) is pleased to announce the grand opening of its office in Ueno, Tokyo, in an attempt to expand its presence in Japan and to seize greater market share through efficient product registration, effective implementation of marketing strategies, and expansion of distribution channels.
Japan represents one of the largest medical device markets in the world, as well as a key growth area of the Group’s businesses. This can be illustrated by the fact that Japan has enjoyed a significant growth in 1H2019 particularly in its Original Brand Manufacturing (“OBM”) segment, with revenue rising by 101.4% year-on-year. Observing such encouraging development, the Group sees the establishment of Japan office as a pivotal action to not only enhance our marketing efficiency and distribution reach, but also strengthen regulatory affairs and service support capabilities, which is essential in further capturing such enormous market.
Mr. Vincent Choi, Chairman of Vincent Medical stated, “The establishment of Japan office represents another key milestone in the Group’s business development. The office is Vincent Medical’s first overseas office other than the mainland China and Hong Kong, and it represents a strategic expansion of the Inspired Medical brand in Asia. Recently, our Inspired Medical VHB 20 Humidification System and IIC was chosen as the preferred partner with the largest install base of critical ventilators in Japan. This is a significant recognition of our years of R&D in critical respiratory care. With our new office in Tokyo, we will be able to create a closer service network with our partners and further enhance our product offerings in this region.”