Time Medical Systems
Time Medical Systems is a privately held Hong Kong-based medical imaging manufacturer specializing in dedicated MRI systems for neonatal, breast, and brain applications, leveraging proprietary High Temperature Superconducting coil and cryo-free magnet technology to serve hospitals, screening centers, and research institutions globally.
- Company typePrivate
- Founded2006
- HeadquartersSha Tin, Hong Kong SAR China
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Time Medical Systems does
Time Medical Systems (legal entity: Time Medical Holdings Company Limited) is a privately held Hong Kong-based medical diagnostic imaging device manufacturer founded in 2006 and headquartered at the Hong Kong Science and Technology Park (HKSTP) in Sha Tin, with manufacturing at the Tai Po Production Centre (Mars Centre). The company develops dedicated MRI systems targeting niche clinical and research applications: NEONA, the first neonatal high-field MRI system designed for installation inside or near NICUs without requiring quench pipes; ZELA, a 1.5T wide-bore 70 cm cryo-free breast MRI for cancer screening with AI-assisted quick diagnosis; NOVA, a 7T-9.4T ultra-high-field preclinical MRI for neuroscience and pharmaceutical research; and PICA Open MRI, an open-architecture helium-free system. Additional product lines include Digital Radiography (DR), Mobile Medical Imaging Systems (MMIS), and veterinary imaging products.
The company's core technological differentiation rests on proprietary High Temperature Superconducting (HTS) coil technology, which delivers a 2-5x improvement in signal-to-noise ratio versus conventional copper RF coils and supports multi-nucleus imaging (1H, 31P, 13C, 23Na, 19F). This is paired with zero boil-off and cryo-free magnet systems that eliminate helium consumption, reducing both operating cost and infrastructure footprint, and active-shielding and superconducting shim technologies that improve safety and image quality. The HTS platform received Frost & Sullivan's 'Product Innovation of the Year' in medical imaging in 2010.
The business model is high-value capital equipment hardware sales, with systems priced through enterprise quotations rather than published list pricing, sold via direct enterprise field sales to hospitals, imaging centers, screening facilities, and academic research institutions, supplemented by a global distributor network across Hong Kong, Japan, Singapore, Thailand, Malaysia, Vietnam, Philippines, USA, China, Indonesia, and India. Vertical customer segmentation is built around use cases (neonatal NICU, breast screening, preclinical neuroscience, private health screening). The company has 251-500 employees, is exploring an IPO, and is scaling capacity to support an articulated 30x sales-growth target.
Time Medical Systems firmographics
Firmographics- Name
- Time Medical Systems
- Legal name
- Time Medical Holdings Company Limited
- Website
- https://time-medical.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Time Medical Systems is a privately held Hong Kong-based medical imaging manufacturer specializing in dedicated MRI systems for neonatal, breast, and brain applications, leveraging proprietary High Temperature Superconducting coil and cryo-free magnet technology to serve hospitals, screening centers, and research institutions globally.
- Ownership category
- akta.pro rank
Time Medical Systems industry classification
Industry- Product category
- Medical Diagnostic Imaging Equipment
- NAICS
- Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Irradiation Apparatus Manufacturing (334517)
- SIC
- Surgical & Medical Instruments & Apparatus (3841), X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844)
- akta.pro primary industry
- Magnetic Resonance Imaging (MRI) Systems (HLAHABAC)
- akta.pro secondary industries
- Mammography & Breast Imaging Systems (HLAHABAF), Portable, Mobile & Point-of-Care Imaging Systems (HLAHABAL)
Keywords
Where Time Medical Systems is headquartered
LocationHeadquarters
- HQ city
- Sha Tin
- HQ country
- Hong Kong SAR China
- HQ region
- Asia
Offices2 records
Markets served
Time Medical Systems business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- MRI Systems Sales: Sale of MRI diagnostic imaging systems including dedicated systems for neonatal, breast, and brain imaging applications. Hardware sales of medical imaging equipment.
- Preclinical MRI Systems: Sale of 7T-9.4T preclinical MRI systems for biomedical research, neurological research, and preclinical trials in pharmaceutical R&D.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Time Medical Systems product offering
Product offeringCore offering
Time Medical Systems manufactures and sells specialized medical diagnostic imaging systems, with a primary focus on dedicated MRI systems for niche clinical applications including neonatal (NEONA), breast cancer screening (ZELA), preclinical brain research (NOVA 7T-9.4T), and open-architecture MRI (PICA). The company also offers Digital Radiography (DR), veterinary diagnostic products, and Mobile Medical Imaging Systems (MMIS). Its differentiation rests on proprietary High Temperature Superconducting (HTS) coil technology and cryo-free magnet designs.
Product overview
Time Medical Systems develops advanced medical diagnostic imaging systems including MRI, Digital Radiography, and related solutions. The product portfolio includes dedicated MRI systems for niche markets: NEONA (neonatal MRI), ZELA (breast cancer screening MRI), NOVA (7T-9.4T preclinical MRI), and PICA Open MRI. Additional offerings include veterinary diagnostic products and mobile medical imaging systems. The company differentiates through its proprietary High Temperature Superconducting (HTS) coil technology that enhances MRI image quality. The company operates as a Hong Kong-based manufacturer with global market presence, including manufacturing in India and expansion into Southeast Asia.
Differentiator
Problem solved
Functional benefit
Brands
- NEONA: First neonatal high field MRI in the world. Lightweight, compact, no quench pipe required for easy installation inside/nearby the NICU. Fast and safe for baby imaging and diagnosis.
- ZELA
- NOVA
Products and services
- NEONA
- ZELA
- NOVA Preclinical MRI
- PICA Open MRI
- DR (Digital Radiography)
- Vet Products
- MMIS (Mobile Medical Imaging System)
Quantifiable outcome
- SNR increased by factor of 2-5 compared with equivalent copper coil
- +1 more outcomes
Companies that use Time Medical Systems
Customer profileSegments4 records
Ideal customer profiles4 records
Time Medical Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability5 records
Feature5 records
Time Medical Systems partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- DigiHealth SpecialistscorePartnership with DigiHealth Specialists for HIPAA-compliant teleradiology capabilities via Open PACS software integrated into the PICA Open MRI system launched in the Philippines. This enables remote radiology interpretation addressing radiologist shortages in provincial areas.
Scale indicators2 records
Recent moves7 records
Expansion highlights6 records
Time Medical Systems competitors and assessment
Company assessmentMarket position
Strengths5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Time Medical Systems social profiles
Digital presenceTime Medical Systems compliance and trust
Trust signalCompliance1 record
Time Medical Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Time Medical Systems leadership team
Management profileNumber of profiles
Profiles4 records
Time Medical Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Time Medical Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Time Medical Systems
What does Time Medical Systems do?
Time Medical Systems manufactures and sells specialized medical diagnostic imaging systems, with a primary focus on dedicated MRI systems for niche clinical applications including neonatal (NEONA), breast cancer screening (ZELA), preclinical brain research (NOVA 7T-9.4T), and open-architecture MRI (PICA). The company also offers Digital Radiography (DR), veterinary diagnostic products, and Mobile Medical Imaging Systems (MMIS). Its differentiation rests on proprietary High Temperature Superconducting (HTS) coil technology and cryo-free magnet designs.
Is Time Medical Systems a public or private company?
Time Medical Systems is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Time Medical Systems founded?
Time Medical Systems was founded in 2006. It employs 251 to 500 people.
Where is Time Medical Systems based?
Time Medical Systems is headquartered in Sha Tin, Hong Kong SAR China, in the Asia region.
How does Time Medical Systems make money?
Two revenue lines are on record. MRI Systems Sales are the primary driver. The others are preclinical MRI Systems.
Does Time Medical Systems have an API?
No public API is recorded for Time Medical Systems.
What industry is Time Medical Systems in?
Time Medical Systems's product category is Medical Diagnostic Imaging Equipment. Its primary akta.pro industry code is HLAHABAC, Magnetic Resonance Imaging (MRI) Systems, with a secondary code of HLAHABAF, Mammography & Breast Imaging Systems. Its NAICS code is 334510 and its SIC code is 3841.