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United Imaging Healthcare

united-imaging.com

Founded Year

2011

Stage

IPO | IPO

Total Raised

$500M

Date of IPO

8/22/2022

About United Imaging Healthcare

United Imaging Healthcare (SHSE: 688271) provides global customers with medical imaging products, radiotherapy equipment, life science instruments, and intelligent digital solutions. The company aims to improve the global accessibility of high-end medical equipment and services through in-depth cooperation with hospitals, universities, research institutions, and industry partners. United Imaging Healthcare was founded in 2011 and is based in Shanghai, China.

Headquarters Location

2258 Chengbei Rd. Jiading District

Shanghai, Shanghai, 201807,

China

+86 (21) 67076888

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Research containing United Imaging Healthcare

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned United Imaging Healthcare in 2 CB Insights research briefs, most recently on Jan 11, 2023.

Expert Collections containing United Imaging Healthcare

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

United Imaging Healthcare is included in 4 Expert Collections, including Medical Devices.

M

Medical Devices

11,891 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

H

Health Monitoring & Diagnostics

2,909 items

Companies developing or offering products that aid in the assessment, screening, diagnosis, or monitoring of a person's state of health/wellness. Excludes companies focused solely on fitness/sports performance

D

Digital Health

13,069 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

H

Health IT

8,264 items

Latest United Imaging Healthcare News

By the end of the decade, the number of CT and MR devices may multiply

Jan 9, 2023

January 9, 2023 While modern imaging equipment is already revolutionizing public medical care in neighboring countries, in Hungary it is still considered privileged to be able to receive a diagnosis with a CT or MR scan. However, these devices are available on the market at increasingly better prices, and the range of services offered is also expanding by leaps and bounds. These devices can contribute to mitigating the shortage of doctors in the same way as to the screening of folk diseases and the reduction of unfavorable statistics. In the last days of 2022, an artificial intelligence-based chatbot kept the world in a frenzy. It is now clear to everyone that artificial intelligence brings revolutionary innovations in many fields. It will not be any different in the healthcare sector, where the AI-supported processing of large amounts of data and images increases accuracy and efficiency by leaps and bounds, taking a significant burden off the shoulders of specialists. In the strict sense of the word, the most visible development can be seen in the field of imaging procedures. For the average person, it can be surprising what the latest machines are capable of. “The latest multifunctional models presented in 2022, depending on the settings and software preparation, can perform low-dose, circular X-ray examinations of all body parts, organs and tissues, from neurological and skeletal examinations to the detection of circulatory disorders to colonoscopy without external intervention, faster and more accurately than ever before by making recordings” – shows the achievable standard Peter Lanyi, the chief engineer of Humantech Solution Zrt., the Hungarian partner of the United Imaging Healthcare brand, which is considered a new entrant to the domestic market. United Imaging Healthcare is one of the most dynamically developing American-Chinese joint ventures in the world, which develops imaging and diagnostic devices integrated with artificial intelligence. Although it may have seemed that in recent years progress was measured in the number of ventilators in the world, the real breakthrough and significant development in terms of the entire healthcare sector was the spread of radiological and imaging equipment. While in 2011, there were 73 registered CT equipment operating in the country, in 2021 it will have already reached 100. However, this increase falls far short of the rates experienced in neighboring countries: while in Hungary only one of every 106,228 inhabitants has such a device, in the case of Slovenia, Slovakia and Croatia this number ranges between 50 and 60 thousand! In addition, perhaps in connection with the fact that device inventories were handled more strictly during the pandemic, the device park in Hungary even decreased slightly from 2019 to 2020. By way of comparison: since entering the European market in 2020, United Imaging Healthcare has put nearly 100 completely new, high-end CT, MR, digital X-ray and mammography equipment into operation in Central and Eastern Europe alone. However, the situation can be even sadder if we look at the proportion of CT examinations actually performed. This is because the average age of the equipment and, in this context, its utilization may be much worse than the averages of the surrounding countries. A significant part of the Hungarian devices are in state institutions where they perform on-call hospital outpatient tasks and service based on an appointment at the same time. However, according to experience, this results in a much lower efficiency, due to many unplanned transitions, such as waiting for the patient injured during the accident to be prepared for examination, or cleaning the machine afterwards. And these are serious minutes that the machine spends out of service, not to mention downtime due to maintenance or technical failure. The situation in private clinics is not necessarily better for the time being either: in most places, used but refurbished Western machines are in operation, which certainly also require care. However, the return on investments largely depends on whether the amounts received for the tests cover the lease fees, personnel costs, and other additional costs of the investment. Just as utilization is key for low-cost airlines, and they do everything to reduce turnaround time and increase saturation, clinics also try to make maximum use of their machines in every shift. Up-and-coming manufacturers also support CT and MR clinics in their efforts. „The latest generation devices automatically adjust the machine in advance for the patient arriving for the appointment, thus saving 5-10 minutes of the time allocated for an examination. While one guest gets dressed and the other undresses, the machine prepares and “shifts” based on the digital referral, so that the patient can lie in the way and where required for the necessary radiological examination“, he says John Laczi, application specialist of Humantech Solution Zrt. With these modern devices, they can take images of any part of the body, from different angles, with different layer densities and resolutions, and moreover with a fraction of the radiation exposure of traditional X-ray machines with lung filters. That the future belongs to these devices is not a question for anyone in the health sector. In addition, these machines are becoming more and more independent, they do not require radiologists to operate, only an operator, while the specialists who evaluate the findings can even work remotely to analyze the images continuously received from several clinics. Unfortunately, the statistics show that their work is very much needed and would pay off even more for society. For example, 7-8% of faecal samples during screening examinations of the digestive system today indicate pathological changes that require attention or even intervention. The colonoscopy procedure that can be performed with CT is not only much faster, much more comfortable and much more comfortable, but its return can even be measured in human lives. Knowing this, it is no wonder that, according to the analysis of market researcher DataBridge, the European CT market will grow by an average of 5.8% per year, from an annual turnover of 2.1 billion dollars in 2021 to 3.1 billion dollars by 2028. At the same time, the typical price development for technical and IT items will be observed in the sector: these machines are getting more and more each year, while the prices are no longer increasing. Growth can only be hindered by the lack of chips, although, according to Humantech Solution Zrt., the United Imaging Healthcare devices they distribute are not threatened by this: they have priority in service both in terms of new machines and maintenance. In any case, market development is much more intense for Far Eastern manufacturers than for Western Europeans, which are somewhat comfortable – and of course struggling with supply chain problems. According to experts, the situation is somewhat similar to the rise of South Korean car brands: in a few years, they have technically matched or even overtaken their competitors, and gained trust in their brands with reliability, very high standard equipment, and much more favorable prices than their competitors. For example, the new devices of the aforementioned United Imaging Healthcare are barely more expensive than the well-known Western used machines, while the standard equipment includes a number of software accessories that can be used to perform various screening tests, such as those related to national diseases, although Western manufacturers usually sell these for a separate fee. It is also important for the financing of investments that the leasing conditions for new devices are clearly more favorable. In addition to the impact of international technological trends, the Hungarian private healthcare boom can be the main engine of domestic growth. “At home, a paid CT or MR examination is still considered a luxury. However, a professionally prepared and evaluated recording of a herniated disc is not more expensive than a few hours at a chiropractor, who may even worsen the patient’s condition in the absence of a real diagnosis.” – says Angela Belczug, the owner of the Várkert Clinic in Keszthely. While waiting for the waiting list examinations available in public medical care, the decline in work ability and well-being is not a quantifiable loss, but it certainly far exceeds the price of a professional and quick digital diagnosis. Várkert Clinic replaced its old CT with a new United Imaging brand device in 2022. “A little more than two months passed from the order to the commissioning, and the supplier was able to provide full implementation, warranty background support, training and user interfaces in Hungarian.” Their new device is 50% faster than the one used before, it takes excellent recordings even with a much lower radiation dose, which are developed even more precisely by the device using software procedures supported by artificial intelligence. “Of course, all of this primarily excites our radiologists, but, for example, virtual colonoscopy, which can examine the intestines without an intrusive instrument, or low-dose chest imaging, which enables regular monitoring of the improvement of patients who have suffered from covid, these are already understandably good news for patients“, he says Angela Belczug. Read this too!

United Imaging Healthcare Frequently Asked Questions (FAQ)

  • When was United Imaging Healthcare founded?

    United Imaging Healthcare was founded in 2011.

  • Where is United Imaging Healthcare's headquarters?

    United Imaging Healthcare's headquarters is located at 2258 Chengbei Rd., Shanghai.

  • What is United Imaging Healthcare's latest funding round?

    United Imaging Healthcare's latest funding round is IPO.

  • How much did United Imaging Healthcare raise?

    United Imaging Healthcare raised a total of $500M.

  • Who are the investors of United Imaging Healthcare?

    Investors of United Imaging Healthcare include Cowin Capital, GF Xinde Investment Management Co., HighLight Capital, Atlas Capital, Qingsong Capital and 24 more.

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