Merit Medical Systems Overview
Company Headquarters: Utah, US
Founded: 1987
Workforce: 5,600
Company Working: Merit Medical Systems is engaged in the development, manufacture, and distribution of proprietary disposable medical devices. The company’s product portfolio is used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy. Merit Medical Systems has a global distribution network and delivers products and therapies to customers around the world. The company operates in two reportable segments, namely, cardiovascular and endoscopy. The company has research and development (R&D) facilities in the US, the Netherlands, France, Ireland, China, Mexico, Brazil, Canada, Australia, Japan, and Singapore. In December 2018, Merit Medical Ireland, a subsidiary of Merit Medical Systems, won the Medtech Company of the Year Award 2018, a prestigious award granted by a panel consisting of Irish business enterprise and governmental agency leaders for the company’s overall success.
Strategy
Merit Medical Systems emphasizes on R&D productivity while maximizing the value of its current brands and in-line portfolio. Also, the company focuses on expanding its existing product portfolio through future organic growth. It aims to achieve stable earning and sound financing, through long term and sustainable, successful development forms. By collaborating with new healthcare providers and technology companies, the company intends to develop devices and technologies to amplify the benefits of its core products.
