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Corporation
merit.com

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Investments

2

Partners & Customers

6

Service Providers

2

About Merit Medical

Merit Medical is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional and diagnostic procedures.

Merit Medical Headquarter Location

1600 West Merit Parkway

South Jordan, Utah, 84095,

United States

801-253-1600

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Expert Collections containing Merit Medical

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

Find Merit Medical in 2 Expert Collections, including Medical Devices.

M

Medical Devices

11,170 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 IT

7,900 items

Latest Merit Medical News

Global Electric Wheelchair Market Report (2022 to 2027) - Industry Trends, Growth, Impact of COVID-19 and Opportunity Company Analysis

May 13, 2022

News provided by Share this article Share this article This research report studies the Electric Wheelchair Industry. The market will reach US$ 6.84 Billion by 2027, from US$ 3.90 Billion in 2021. Globally, the traditional wheelchair is a wheeled mobility device in which people for whom walking is challenging or impossible due to illness, injury, or disability. However, with the evolution of time, electric powered wheelchairs are becoming popular. These wheelchairs have been designed for indoor use, outdoor use, or even both. Besides, an electric wheelchair is generally prescribed for persons who have difficulty using a manual chair due to arm, hand, shoulder, or other general disabling conditions. And do not have the leg strength to drive a manual chair with their foot, which most Health Professionals do not generally recommend. Moreover, it may also be issued to those with cardiovascular conditions. Global Electric Wheelchair Industry is expected to expand at a CAGR of 9.8% during 2021-2027 Electric wheelchair offers various powered functions such as tilt, recline, leg elevation, seat elevation, and others useful or necessary to health and function, providing ease to the consumers. Convenience and stability are significant factors propelling the global rise in the sales of electric wheelchairs. Hence, the elderly worldwide are also more inclined towards electric wheelchairs for convenience and ease of operation. Moreover, the increase in disabilities in the elderly population and the prevalence of chronic diseases also propel the market for electric wheelchairs. COVID-19 Boosting the Market Growth for the Electric Wheelchair Although the COVID-19 pandemic created disturbances across all industries, it positively impacted the electric wheelchair market. The electric wheelchair market witnessed significant growth during the coronavirus outbreak. Many hospitals and health institutes are flooded with people infected with the virus. Thus, the demand for electric wheelchairs has increased in 2020. The market is further expected to grow in the forecast period. According to the publisher report Worldwide Electric Wheelchair Market Size was US$ 3.90 Billion in 2021. Rear Wheel Drive Wheelchair Segment Leads the Market Share Globally, wheelchairs are often variations on basic design, but there are numerous wheelchairs, and they are usually highly customized for the individual user's needs. In our report, based on product type, the global electric wheelchair market is segregated into rear-wheel drive wheelchair drive, front-wheel drive wheelchair drive, four-wheel-drive electric wheelchair, standing electric wheelchair, self-balancing wheelchair, and remote control. As per our analysis, the rear-wheel-drive wheelchair drive segment leads in terms of market share, due to light front tires, small turning radius, easy maneuvering through narrow spaces, and better stability of rear-wheel drive. Hospitals Segment to Persist Its Dominance throughout the Forecast Period The market has been grouped into Hospitals, Clinics, and Care Homes based on end-user. The hospitals' segment holds a significant share in the electric wheelchair market. The growing use of wheelchairs post-surgical therapy in hospitals and the rising number of medical emergency patients requiring wheelchairs are driving the segment's growth. Moreover, a peak in the number of wheelchair-bound older residents in nursing homes is likely to augment the demand for wheelchairs among hospitals during the forecast period. In addition, the immediate adoption of powered wheelchairs for indoor application among disabled children & injured adults and the launch of evolved wheelchairs specifically designed for home use are expected to propel the growth of the care homes segment during the forecast period. Regional Breakdown of the Global Electric Wheelchair Market Geographically, the market is split into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Among them, North America continues to dominate the global market during the forecast period in terms of market share. An upsurge in the number of people impacted by mobility impairment disorders and a rise in the aging population are the significant factors set to boost the demand for wheelchairs in the North American region. In addition, the presence of key players engaged in mobility devices in the U.S. is likely to contribute to the market growth in the region. Further, Europe is also expected to hold a significant market share owing to the rising geriatric patient pool. Robust Product Offerings by Key Players Propels the Wheelchairs Market Evolution The leading market players with a substantial brand presence in the wheelchair market analysis include Aquila Services Group PLC, DassaultSystemes SA, Merit Medical Systems Inc, Invacare Corporation, Sunrise, Permobil AB, Page Group, and Graham Holdings. The players are continuously focusing on launching innovative products to meet the unmet global demands in low resource income, thus expanding the global customer base. For instance, in August 2021 - Invacare Corporation announced the launch of the Invacare AVIVA STORM RXT power wheelchair, establishing a new standard for rear-wheel-drive power mobility. Key Topics Covered:

Merit Medical Investments

2 Investments

Merit Medical has made 2 investments. Their latest investment was in NinePoint Medical as part of their Corporate Minority on May 5, 2018.

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Merit Medical Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/1/2018

Corporate Minority

NinePoint Medical

Yes

1

3/6/2017

Series B

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10

Date

5/1/2018

3/6/2017

Round

Corporate Minority

Series B

Company

NinePoint Medical

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Amount

New?

Yes

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Co-Investors

Sources

1

10

Merit Medical Acquisitions

11 Acquisitions

Merit Medical acquired 11 companies. Their latest acquisition was BrightWater Medical on June 17, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/17/2019

Series B

$99M

$5.2M

Acquired

2

12/17/2018

$99M

Acquired

3

10/1/2018

Other Venture Capital

$99M

$53.25M

Acquired

4

2/15/2018

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$99M

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10

10/27/2017

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$99M

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10

Date

6/17/2019

12/17/2018

10/1/2018

2/15/2018

10/27/2017

Investment Stage

Series B

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$5.2M

$53.25M

Note

Acquired

Acquired

Acquired

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Sources

2

3

4

10

10

Merit Medical Partners & Customers

6 Partners and customers

Merit Medical has 6 strategic partners and customers. Merit Medical recently partnered with Premier on June 6, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

6/11/2019

Client

United States

Merit Medical Awarded Interventional Fluid Management Agreement With Premier

SOUTH JORDAN , Utah , June 11 , 2019 -- Merit Medical Systems , Inc. , a leading manufacturer and marketer of proprietary disposable devices used in interventional , diagnostic and therapeutic procedures , particularly in cardiology , radiology , oncology , critical care and endoscopy , announced today that it has been awarded a group purchasing agreement for interventional fluid management products with Premier .

2

5/1/2018

Partner

United States

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10

5/1/2018

Partner

United States

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10

9/13/2017

Partner

United States

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10

3/6/2017

Supplier

United States

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10

Date

6/11/2019

5/1/2018

5/1/2018

9/13/2017

3/6/2017

Type

Client

Partner

Partner

Partner

Supplier

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Merit Medical Awarded Interventional Fluid Management Agreement With Premier

SOUTH JORDAN , Utah , June 11 , 2019 -- Merit Medical Systems , Inc. , a leading manufacturer and marketer of proprietary disposable devices used in interventional , diagnostic and therapeutic procedures , particularly in cardiology , radiology , oncology , critical care and endoscopy , announced today that it has been awarded a group purchasing agreement for interventional fluid management products with Premier .

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Sources

2

10

10

10

10

Merit Medical Service Providers

2 Service Providers

Merit Medical has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired, and Acquired Unit

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acquired, and Acquired Unit

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Merit Medical Team

1 Team Member

Merit Medical has 1 team member, including former Executive Vice President, Lene Ploug Bülow.

Name

Work History

Title

Status

Lene Ploug Bülow

Amoena Medizin, Widex, and Ministry of Foreign Affairs of Denmark

Executive Vice President

Former

Name

Lene Ploug Bülow

Work History

Amoena Medizin, Widex, and Ministry of Foreign Affairs of Denmark

Title

Executive Vice President

Status

Former

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