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On April 4, 2024, the official website of the Shenzhen Stock Exchange showed that the ChiNext listing application of Zumax Medical Co., Ltd. (shortened as Zumax) had been terminated.
Zumax is a leading brand in China for surgical microscopes and clinical optical diagnostic instruments, and its dental surgical microscope is the flagship product.Currently, Zumax has become the leading brand in China's oral microscopy niche market, with a current market share of over 60% in China, forming a tripartite competition in China's dental microscope market alongside Germany’s Zeiss and Leica. Not only that, but Zumax Medical also launched the first domestically produced dental microscope in China in 2005, which can be regarded as the pioneer of Chinese dental microscopes. This breakthrough ended the monopoly of imported products and filled multiple gaps in the field of domestically produced dental microscopes. The company subsequently launched China's first LED-illuminated dental microscope, China's first large zoom objective lens dental microscope, the world’s first integrated 3D stereoscopic imaging dental microscope, the globally unique Easy360 smartphone HD imaging system, and China's first advanced surgical microscope with electromagnetic lock control... With the rapid growth of clinical dental technology in China, the company has achieved vigorous development.
01 Chinese Leader, Breaking into the Global High-End Market Zumax Medical, established on April 15, 2005, is a manufacturer and service provider of surgical microscopes and clinical optical diagnostic instruments. Its product range covers specialized fields in clinical medicine including dentistry, neurosurgery, otorhinolaryngology and head & neck surgery, microsurgery, ophthalmology, and gynecology. Especially in the field of oral medicine, it has undergone the entire process of the development of oral microscopic technology in China from scratch to fruition, establishing a leading position in the Chinese market. Aiqicha shows that Zumax completed its angel round of financing on July 27, 2020, with the investor being Yida Capital; on August 13, 2022, it completed a nearly 100-million-yuan Pre-IPO round of financing, with investors including SND Finance, Jiale Capital, and Yueyin Medical Fund. A dental operating microscope is a specialized surgical microscope tailored for clinical treatment in dentistry, also known as a dental microscope or endodontic microscope. The dental microscope consists of five parts: the magnification system, illumination system, imaging system, support system, and accessories. It has gained widespread application in periodontal treatment, restorative treatment, implant treatment, and endodontic treatment. In 1978, the United States first used microscopes for dental treatment. The first batch of dental microscopes were commercialized in 1981. In 1986, they were discontinued due to a lack of attention from the dental community at the time. It was not until the first European Microdentistry Conference in 2008 that the use of dental microscopes gradually became popular in Europe and the United States. Compared to overseas markets, the domestic market is slightly behind.In 1999, the School of Stomatology, Wuhan University introduced the first dental microscope, and dental colleges and medical institutions gradually introduced it into clinical and research practices. Since 2000, colleges and universities and dental schools in China have successively purchased dental microscopes, and the Chinese market has gradually started. Notably, as the leading Chinese domestic dental microscope manufacturer, Zumax not only has achieved a high market share in China, but also successfully expanded overseas, making significant achievements particularly in Japan and Germany, two of the most demanding markets.According to Li Xiangdong, Chairman and CEO of Zumax Medical, the company ranks second in market share in Japan, following German company Zeiss. Zumax Medical has multiple products that were first launched in overseas markets and then entered the Chinese market. "The OMS3200 Dental Microscope that 'Travels Across Nations'" After 4 years of research and development, and multiple rounds of optimization and upgrades, Zumax's OMS3200 high-end dental microscope was successfully developed in 2019 and first launched in Europe, the United States, and other countries. After nearly 2 years of "traveling around various countries," this latest generation of Zumax dental microscope –OMS3200 Dental Microscope was officially approved to enter the Chinese market in March 2021.
This is a high-end dental microscope integrating a six-electromagnetic lock control system, a multifunctional electric control handle, true built-in 4K 3D imaging, a cloud workstation image management system, an adaptive lighting system, a fluorescence-assisted detection system, an anti-glare mode, a built-in laser protection plate, and a multifunctional wireless foot controller. Its release marks another leap forward in China-produced innovative microscope manufacturing technology. Compact Dental Microscope When Zumax Medical Co., Ltd. entered Japan in 2010, it customized a compact dental microscope, the OMS1950, to suit the characteristics of small Japanese clinics.
OMS1950 is a dental microscope specifically designed for private dental practices, featuring a streamlined design and an excellent cost-performance ratio. Known for its stable quality, highly practical functions, and minimalist design, this microscope has gained immense popularity among Japanese users, maintaining steady sales growth for ten consecutive years. It fully entered China's private dental market in 2021.
Embrace AR Technology
With the release of Apple's Vision Pro, the AR/VR industry has once again sparked a wave of enthusiasm, and Zumax Medical is also actively embracing the latest digital technology. At the 2023 AAE meeting in Chicago, USA, Zumax Medical released the "DentSight AR System," introducing AR augmented reality technology into the diagnosis and treatment of endodontics. Zumax's DentSight AR technology is a collaborative R&D achievement of "industry-university-research-application" with Professor Liu-Yan Meng's team from the School of Stomatology, Wuhan University. It also has the participation of multiple overseas dental testers, such as Canadian dentist Bobby and German dentist Oscar. Notably, DentSight AR is a new technology in AR-enhanced reality collaborative microscopic endodontic treatment that is first released globally by a Chinese company.
According to reports, with the rapid development of oral microscopy technology, dental microscopes have become one of the important devices in basic oral treatment processes. The comprehensive and efficient application of oral microscopy technology still faces many bottlenecks at present. For example, dentists often need to switch between different imaging modes/devices to obtain all necessary information. This switching process is troublesome and distracting, as dentists basically need to combine all information through memory, or even repeatedly view it. This inevitably leads to numerous issues such as inaccuracy, proneness to errors, and fatigue. The application of microscopic digital integration will effectively solve these problems. Dentists can focus more on microscopic diagnosis and treatment, and obtain more patient information in real time within the microscope's field of view, such as root canal preparation depth, CBCT images, 3D digital imaging, etc. It is worth mentioning that Zumax Medical also plans to launch more than a dozen new projects in 2023, including the higher-precision OMS3500 and OMS3600 major surgical microscopes, naked-eye 3D, microscope-enhanced imaging systems, and digital image navigation systems. With the increasing demand for higher precision, clearer, and more accurate imaging in surgeries, surgical microscopes are experiencing accelerated adoption in operating rooms, driving market growth.
02 TOP10 Companies Engage in Fierce Battle Data shows that the global market for oral surgery microscopes is huge,The output value scale in 2020 was 1.95 billion yuan, with fierce market competition.The top 11 companies created 66.98% of the value; the scale of the Chinese market is 240 million yuan, accounting for only 12.31% of the global market, and Zumax is in China.The most rapidly developing company in China's oral surgical microscope industry, with a production value accounting for 52.41% of the Chinese market in 2020. The main global producers of dental surgical microscopes are Leica, Zeiss, Eaton, and Zumax. In 2020, the top 10 enterprises produced 68.27% of the global products. Major Chinese manufacturers of dental surgical microscopes include Zumax, Zhongtian, Keaoda, Xintian, and Ximo, among others. In 2020, the top 10 enterprises produced 77.55% of the products in China.Zeiss Founded in 1846, ZEISS started by manufacturing microscopes. In the field of surgical microscopes, ZEISS boasts a comprehensive product portfolio, including neurosurgery, ophthalmology, ENT, spinal surgery, plastic surgery, dental, and gynecological surgical microscopes. Additionally, it has introduced a robotic vision system. Currently, the company ranks first in global market share. ZEISS EXTARO 300 Series Dental Microscope offers groundbreaking visual modes, introducing new applications to general dentistry. Equipped with the NoGlare mode to eliminate reflections from metal instruments and tooth surfaces, and the TruLight mode, which achieves the effect of the previous orange light mode under natural light, preventing premature polymerization of light-cured composite materials. It also adopts a digital workflow, allowing the use of an app to demonstrate treatment procedures to patients. Leica Leica has a comprehensive product line of surgical microscopes, including ophthalmology, neurosurgery, otolaryngology, plastic surgery, and dentistry.
Leica M320 Professional Dental Microscope features high-quality fully apochromatic optics, dual LED illumination with a lifespan of up to 60,000 hours, built-in 1080P HD camera, built-in SD card storage, zoom objective lens, adjustable working distance of 200-300mm, and an ultra-long arm span of 178cm, suitable for flexible placement in different clinics. —— With the rapid development of China's dental industry, the dental surgical microscope market is expected to experience significant growth in the coming years. As one of the few surgical microscope manufacturers capable of competing with international giants, Zumax MedicalThe sudden termination of the listing has drawn significant attention from the industry. What exactly is the reason behind it? Instrument Family will continue to provide updates. END
