Zumax Medical, a Leading Dental Microscope Manufacturer, Advances IPO Process with Updated Prospectus

Mar 20, 2024 00:01 CST Updated 00:01

Zumax

Manufacturer and Service Provider of Surgical Microscopes and Clinical Optical Examination Instruments

Source of the article: Siyu MedTech; Editor: Seven Kite

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On March 18, 2024, the public information website for the issuance and listing of the STAR Market of the Shenzhen Stock Exchange showed,Zumax Medical Co., Ltd.The review status has entered the "Reviewed" phase.

# About Zumax Medical

ZumaxZumax Medical Co., Ltd. is a high-tech enterprise specializing in the research, development, production, and sales of surgical microscopes. Since its establishment, the company has been focusing on the field of oral medicine, with dental surgical microscopes as its core product. After years of R&D and design accumulation, the issuer has launched various series of dental surgical microscope products, such as OMS2000/2350/2380/3200, to meet the different levels of clinical application and academic research needs of downstream customers. In addition, to meet the training and teaching needs of institutions, the company has also introduced dental surgical microscopes specifically designed for educational purposes.

Building on its foundation in the field of oral medicine, the company is also actively developing surgical microscope products for applications in neurosurgery, otorhinolaryngology and head and neck surgery, spinal surgery, and hand and foot surgery.

According to the data from the platform Benchmark,The Bidding and Tendering Market for Dental Surgical Microscopes in China from 2020 to 2022,ZumaxDental Surgical MicroscopeThe amount and quantity of winning bids both rank first.。In the international market, the company's main model products have all passed the US FDA and EU CE certifications, achieving full coverage of the markets in Asia, Europe, America, and Africa.

# Financial Status of the Company

The company's main business revenue mainly comes from dental surgical microscopes, surgical microscopes, and optical diagnostic instruments. Among these, the sales of surgical microscopes are the core source of the company’s revenue. During the reporting period, the composition of the company’s main business revenue is as follows:

▲Source: Prospectus

# Main Business and Products of the Company

The company's main products are dental surgical microscopes, surgical microscopes, and medical optical diagnostic instruments. Among these, the dental surgical microscope is the company’s core product.

1. Dental Surgical Microscope

A dental surgical microscope is a specialized surgical microscope designed for clinical treatment in dentistry, widely used in various fields of oral clinical medicine such as endodontics, periodontics, prosthodontics, alveolar surgery, and maxillofacial surgery. Zumax Medical Co., Ltd. has launched different series of dental surgical microscopes, including the OMS2000/2350/2380/3200, as well as products specifically designed for teaching and training purposes.

2. Surgical Microscope

Surgical microscopes are widely used in neurosurgery, otolaryngology and head and neck surgery, spine surgery, hand and foot surgery, and other application fields. The company's main product currently is the OMS3500 series surgical microscope.

3.Medical Optical Diagnostic Instruments

The company's medical optical diagnostic instruments mainly include surgical loupes, headlamps, ophthalmoscopes, otoscopes, handheld slit lamps, and other types of medical optical products.

# Enterprise Development History

In 2005,The predecessor, Zumax Medical Co., Ltd., was established in Suzhou. It launched the OMS 2300 dental microscope and obtained Class II medical device registration certificates for three series of products in the same year.

In 2010, Zumax Medical launched the OMS 2350 series dental surgical microscope.Successfully entered the German and Japanese markets.

In 2011, a dental microscope with a built-in full HD imaging system was launched.

In 2014, the VarioDist large zoom objective dental microscope was launched.

In 2015, a dental microscope integrated with a 3D imaging system was launched.

In 2016, the Easy360/Easy360 Plus smartphone HD imaging device for dental microscopes was launched.

In 2018, the advanced dental microscope OMS 2380 with built-in HD II Plus system was launched and first marketed in Europe and America.

In 2019, Zumax Medical Co., Ltd. was the first in the world to launch the lens-free dental microscope Micro3D – II / OMS 2380 dental microscope.

In 2020, the OMS3200 high-end electromagnetic lock surgical microscope was launched.

In 2022, the OMS3500 advanced clinical surgical microscope was launched.

# Market Competition Landscape and Company Position

According to the research data from Hengzhou Bozhi, the global dental microscope market size grew from US$276 million in 2018 to US$457 million in 2022. With the continuous advancement of dental microscope technology in the future, increasing demand in third-world countries, and the deepening of product application scenarios, the global dental microscope industry market size will continue to maintain steady growth.By 2029, the global dental microscope industry's market size is expected to reach approximately USD 951 million.

According to the data published in the "China Health Statistics Yearbook" by the National Health Commission,From 2010 to 2021, the number of people suffering from oral diseases in China increased from 670 million to 707 million, and more than 50% of the population in China are suffering from oral diseases.Patients with oral diseases have a large base, and the demand for diagnosis and treatment is very strong. Driven by downstream demand, China's dental microscope industry has seen significant growth. According to data from the Forward Industry Research Institute, from 2017 to 2021, the market size of China's dental microscope industry grew year by year, with a compound annual growth rate of approximately 27.7%.In 2021, the market size of China's dental microscope industry reached 238 million yuan.With the rapid release of unmet market demands in the dental microscope industry, combined with the replacement needs of existing equipment and the development requirements of the teaching and training market,China's dental microscope industry is expected to enter a period of rapid growth, with the market size projected to reach 630 million yuan by 2027.

According to the company's prospectus, at the global market level, Germany's Zeiss and Germany's Leica are the two leading enterprises in the dental surgical microscope industry, occupying the majority share of the international market.ZumaxBelonging to the second tier are companies such as CJ-optik, Global Surgical, and LABOMED.According to relevant reports from the Qianzhan Industry Research Institute, from 2019 to 2021,Zumax MedicalOccupies 8% to 10% of the global dental surgical microscope market share.

In the Chinese market, after more than ten years of development,ZumaxHas grown into a leading company in the niche market of dental microscopy in China.According to relevant reports from the Forward Industry Research Institute, from 2019 to 2021,ZumaxOccupies approximately 45% to 55% of the market share for dental surgical microscopes in China.

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Editor-in-Chief | Zhao Qing Reviewed by | Yi He