Toray Medical

What Toray Medical does

Toray Medical Co., Ltd. (東レ・メディカル株式会社) is a Tokyo-based, wholly-owned subsidiary of Toray Industries that manufactures, sells, imports, and exports medical devices focused on blood purification. Established in 1980 to commercialize Toray Group's Filtryzer artificial kidney, the company has grown into a vertically-integrated provider of dialysis systems, emergency/critical care blood purification devices, and interventional cardiology catheters and hospital consumables, with products distributed to more than 90 countries. The product portfolio spans personal and multi-purpose dialysis machines (TR-20EX, TR-10EX), PMMA and polysulfone hollow fiber dialyzers (Filtryzer, Tresulfon, Torelight series), the Toraymyxin endotoxin removal adsorber for sepsis, Hemofilter continuous slow filtration devices, and interventional products including the SATAKE HotBalloon ablation catheter and the Inoue Balloon mitral valvuloplasty catheter — the latter used globally in 90+ countries. Core technology rests on proprietary PMMA and polysulfone hollow fiber membranes, an in-house NV polymer antithrombogenic coating applied across multiple product lines, and the Miracle DIMCS integrated dialysis management software platform with PHR integration via the NOBORI app.

The business model is a hybrid of capital equipment sales (dialysis machines, RO water systems, fluid supply devices) and high-margin recurring consumables (dialyzers, blood circuits, catheter disposables) sold direct to hospitals and dialysis clinics in Japan and via distributors internationally. Manufacturing is concentrated at the Shizuoka Factory (Numazu, opened 2002) for dialysis equipment and at the wholly-owned Toray Medical Technology (Qingdao) subsidiary in China for Asian-market dialyzer production; catheters are produced at the parent company's Oita Factory. Revenue is generated across three horizontal customer segments — dialysis treatment centers and hospitals, ICU/emergency/critical care units, and operating rooms/catheterization labs/general wards — addressing Japan's aging dialysis population of approximately 350,000 patients as well as acute-care and interventional cardiology markets. Recent revenue stands at approximately 430 billion JPY (FY2024) with 463 employees, indicating very high revenue productivity per head. Strategic direction includes digital health integration (NOBORI PHR app, June 2025), US expansion of the Toraymyxin sepsis therapy (Tigris trial results announced August 2025), and ongoing product refreshes across the EX-series equipment and consumable lines.

Name

Toray Medical

Legal name

東レ・ медиcal株式会社

Website

https://toray-medical.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Toray Medical is a Japanese medical device company and wholly-owned subsidiary of Toray Industries that manufactures and sells dialysis systems, blood purification devices for sepsis and ICU use, and interventional cardiology catheters, serving hospitals, dialysis clinics, and emergency care units across 90+ countries with proprietary PMMA membrane and NV polymer coating technology.

Ownership category

akta.pro rank

Product category

Medical Devices - Dialysis and Blood Purification

NAICS

Surgical Appliance and Supplies Manufacturing (339113), Medical Equipment and Supplies Manufacturing (3391)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Dialyzers (Artificial Kidneys) (HLAHAKAC)

akta.pro secondary industries

Renal Replacement Therapy Consumables (Bloodlines, Filters, Cartridges) (HLAHAKAH), Dialysis Water Treatment & Dialysate Delivery Systems (HLAHAKAD)

Keywords

• Medical device manufacturing
• Dialysis systems
• Blood purification devices
• Hemodialysis membranes
• Interventional catheters

Headquarters

HQ city

Urayasu

HQ country

Japan

HQ region

Asia

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Dialysis Products and Systems: Sale of dialyzers (Filtryzer, Tresulfon, Torelight series), dialysis machines (TR-20EX, TR-10EX), dialysis fluid supply systems, RO water systems, and dialysis management systems (Miracle DIMCS). Includes consumables (blood circuits, filters) and capital equipment. Revenue from both new equipment sales and recurring consumables.
2. Emergency and Critical Care Products: Sale of acute blood purification products including Toraymyxin (endotoxin removal), Hemofilter continuous slow filtration series, and multi-purpose blood processing devices. Primarily sold to ICU and emergency centers in hospitals.
3. Medical Supplies / Hospital Products: Sale of surgical gloves, masks, catheter products (PTMC balloon catheters, ablation catheters, heparin-coated ports), elastic stockings, monitoring tubes, pain management pumps, and other hospital consumables and devices.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Toray Medical manufactures, sells, imports, and exports medical devices focused on three product lines: (1) dialysis treatment systems including PMMA and polysulfone hollow fiber dialyzers (Filtryzer, Tresulfon, Torelight), dialysis machines (TR-20EX, TR-10EX), water purification, fluid supply systems, and the Miracle DIMCS management software; (2) emergency and critical care blood purification devices including the Toraymyxin endotoxin removal adsorber and Hemofilter continuous filtration series; and (3) hospital medical supplies and interventional devices such as PTMC balloon catheters, HotBalloon ablation catheters, heparin-coated ports, surgical gloves, and radiation protection eyewear.

Product overview

Toray Medical is a medical device company offering a comprehensive dialysis system and related medical products. The portfolio centers on the 'EX Solution' approach combining clinical support, operational support, and economic considerations. Core products include the TR-20EX personal dialysis device and TR-10EX monitoring device as key dialysis system components, complemented by hollow fiber dialyzers (Filter Trizer NF, Treelight NV, Filter Trizer HDF, Treelight HDF) using PMMA and polysulfone membranes, the Tremixin endotoxin removal device for sepsis treatment, and Hemofill SNV for continuous hemofiltration. Supporting infrastructure includes dialysis water production (RO devices), multi-patient dialysis fluid supply systems, and automatic powder dissolving equipment. The Miracle DIMCS dialysis management system provides integrated computer-based treatment management. Additional product lines cover interventional cardiology catheters (HotBalloon ablation catheter, mitral valve balloon catheter), heparin-coated ports, surgical gloves, and radiation protective equipment. The company also developed a PHR integration with the NOBORI app enabling patient health data access.

Differentiator

Problem solved

Functional benefit

Brands

• TMC沖縄販売 (TMC Okinawa Sales): Regional subsidiary handling medical device sales and services in Okinawa, Japan.

Products and services

• Personal Dialysis Device TR-20EX A multi-purpose personal dialysis device for individual patient use, featuring large LCD display, hemodynamic monitoring, dialysis efficiency support, automated dialysis fluid functions, navigation functions, cassette-type ETRF unit, leak detection, and emergency auto-blood return function. Targeted at hospitals and dialysis centers managing individualized hemodialysis treatment.
• Dialysis Monitoring Device TR-10EX Multi-purpose dialysis monitoring device for institutional use as part of the EX series, supporting clinical operations and treatment efficiency in hospitals and dialysis centers.
• Filtryzer NF (フィルトライザー®NF) PMMA (polymethyl methacrylate) membrane hollow fiber artificial kidney dialyzer for hemodialysis treatment, providing superior biocompatibility and substance separation performance. Toray Medical is the world's only manufacturer of PMMA hollow fiber dialyzer technology.
• Filtryzer HDF (フィルトライザー®HDF) PMMA membrane blood dialysis filtration device (hemodiafilter) for hemodiafiltration treatment. Japan's first PMMA membrane HDF device, building on Toray's proprietary PMMA membrane expertise.
• Torelight NV (トレライト®NV) Polysulfone membrane hollow fiber dialyzer with proprietary NV polymer coating on membrane surface, providing enhanced antithrombogenicity for blood dialysis treatment.
• Torelight HDF (トレライト®HDF) Polysulfone membrane blood dialysis filtration device for hemodiafiltration treatment in clinical dialysis settings.
• Toraymyxin (トレミキシン®) Endotoxin removal adsorption-type blood purification device developed through 13-year industry-academia collaboration with Shiga Medical University for treating septic shock and endotoxemia in ICU and emergency settings.
• Hemofilter SNV (ヘモフィル®SNV) Sustained slow continuous hemofiltration device with NV polymer coating for improved antithrombogenicity, designed for acute kidney injury and multiple organ failure treatment in ICU settings.
• Filtool (フィルトール®) Adsorption-type blood purification device for beta-2-microglobulin removal (beta-2-MG removal column) used in dialysis patients.
• Miracle DIMCS Integrated computer-based dialysis management system supporting patient information management, dialysis prescriptions, treatment records, scheduling, safety management, and hospital system integration for dialysis clinics and hospitals.
• Miracle DIMCS EX Enhanced version of the Miracle DIMCS dialysis management system with integrated device management support capabilities for clinical efficiency.
• Dialysis Water Production Equipment (TW-EX RO Device) Reverse osmosis dialysis water production equipment that purifies raw water (tap water, well water) by removing impurities using reverse osmosis membrane technology for use in dialysis facilities.
• Multi-Patient Dialysis Fluid Supply Device (TC-EX) Device that precisely mixes dialysis fluid stock solutions (A stock, B stock) with diluted water (RO water) to prepare dialysis fluid for supply to multiple dialysis monitoring devices in a facility.
• A/B Powder Automatic Dissolving Device Device that dissolves artificial kidney powder-type dialysis agents (Agent A, Agent B) with RO water from the RO device and supplies the dissolved solution to the multi-patient dialysis fluid supply device.
• ChemoFort (ケムフォート®) Closed-system drug transfer device designed to prevent anti-cancer drug exposure for healthcare workers during cancer chemotherapy treatment in hospital oncology departments.
• SATAKE HotBalloon Ablation Catheter System Thermal balloon ablation catheter system for treating paroxysmal atrial fibrillation, using a balloon filled with liquid heated by high-frequency current to ablate cardiac tissue. For interventional cardiology procedures in catheterization labs.
• Inoue Balloon (Mitral Valve Balloon Catheter) Balloon catheter for treating mitral stenosis by dilating the mitral valve. Developed in Japan and used in over 90 countries worldwide. Manufactured at Toray's Oita Factory.
• Heparin-Coated Subcutaneous Port and Catheter Implantable subcutaneous port and catheter system for delivering anti-cancer drugs to patient organs, using Ansuron (heparinized hydrophilic) coating technology to prevent blood clotting. For oncology treatment in hospitals.
• Surgical Gloves Natural rubber surgical gloves for medical procedures in operating rooms and general hospital settings.
• Panorama Shield (パノラマシールド®) X-ray protective glasses providing radiation protection for medical staff during interventional radiology, catheterization, and fluoroscopy procedures.
• AcuFil Multi 55X-III Blood Purification Device Multi-purpose blood purification device for emergency and critical care use in ICU settings, supporting various blood processing therapies.

Quantifiable outcome

• Products sold in 90+ countries worldwide
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Four partnerships are on record, tiered core and moderate.

• PSP Corporation (PSP株式会社)coreStrategic or Co-development Partner · 10 June 2025Three-way partnership between Toray Industries, Toray Medical, and PSP Corporation to develop dialysis patient features (trial version) for the NOBORI PHR (Personal Health Record) app. Toray Medical is developing integration functionality with its Miracle DIMCS dialysis management system. Patients can view their treatment data, record health metrics, and share information with healthcare providers. Demonstrates commitment to digital health and medical DX (digital transformation).
• Toray Industries, Inc. (東レ株式会社)coreStrategic or Co-development Partner · 10 June 2025Parent company and technology source for Toray Medical. Toray Industries provides core polymer chemistry, membrane technology, and biotech capabilities that underpin Toray Medical's product development. Participated in the three-way PHR partnership with Toray Medical and PSP Corporation, contributing overall planning and development coordination.
• Jolly Good Co., Ltd. (株式会社ジョリーグッド)moderateTechnology or Integration · 10 March 2021Joint development of VR (Virtual Reality) training content for the SATAKE HotBalloon catheter ablation procedure. Content produced with clinical guidance from Associate Professor Nakahara at Dokkyo Medical University Saitama Medical Center. Delivered via Jolly Good's Opercloud VR platform enabling remote training for physicians and co-medical staff.
• Shiga Medical University, Department of Surgery (滋賀医科大学外科学第一講座)coreStrategic or Co-development PartnerIndustry-academia collaboration started in 1981 for development of endotoxin removal blood purification technology. After 13 years of joint research with Toray's fiber research laboratories, the Toraymyxin product was launched in 1994. The collaboration represents a unique academic-industrial partnership that produced a globally distinctive product.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Fresenius Medical Care: Global leader in dialysis products and services, operating the largest network of dialysis clinics and manufacturing dialyzers, dialysis machines, and peritoneal dialysis products. Closest direct competitor to Toray Medical across polysulfone dialyzers, dialysis machines, and consumables, with much broader geographic direct-sales reach.
• Baxter International: Diversified medical products company with a major dialysis franchise (acquired from Gambro), competing in dialyzers, CRRT/continuous renal replacement therapy, and peritoneal dialysis. Directly comparable to Toray Medical's polysulfone and continuous blood filtration (Hemofilter SNV) lines, with deeper global hospital sales coverage.
• B. Braun Avitum: Division of B. Braun focused on dialysis products and services, manufacturing dialyzers, dialysis machines, and water treatment systems, and operating clinics in Europe. Directly comparable to Toray Medical's integrated dialysis system approach across consumables, machines, and water/dialysate delivery.
• Nipro Corporation: Japanese-headquartered global medical device company with a substantial dialysis business spanning dialyzers, dialysis machines, and blood circuits. Most direct domestic competitor to Toray Medical in Japan, with similar PMMA-adjacent membrane expertise and overlapping ICU and chronic dialysis customer bases.
• Asahi Kasei Medical: Subsidiary of Asahi Kasei producing polysulfone dialyzers (e.g., APS series) and planar membrane plasma fractionators (Evolu-Cross), plus virus filters for bioprocessing. Direct competitor to Toray Medical in hollow fiber dialyzers and adjacent membrane-based blood purification, with strong Japanese hospital penetration.
• Nikkiso: Japanese manufacturer of dialysis machines (DBB series), blood purification systems, and industrial pumps. Closely comparable to Toray Medical in dialysis hardware (TR-20EX / TR-10EX class) and acute blood purification, with overlapping hospital and ICU customers in Japan and Asia.

Broad incumbents

• DaVita: Largest US dialysis services operator with integrated kidney care and a growing products portfolio. Broad incumbent in the dialysis value chain — not a direct dialyzer rival to Toray Medical — but a critical customer channel and strategic counterparty for any US expansion of Toraymyxin or other products.
• Terumo Corporation: Major Japanese medical device company with blood management, interventional systems, and hospital products. Broad incumbent comparable to Toray Medical's catheter franchise (HotBalloon ablation, Inoue Balloon, heparin-coated ports) and general hospital consumables, with deeper global cardiovascular sales.

Emerging players

• Kaneka Corporation: Japanese chemical and materials company with a medical division producing polysulfone hollow fiber membranes for blood purification and bioprocessing. Emerging player with partial overlap in dialyzer membrane technology; smaller than Toray Medical but positioned as a credible technology competitor.

Regional players

• JMS Co., Ltd. Japanese medical device manufacturer with dialysis blood circuits, AVF needles, and infusion products. Comparable to Toray Medical's medical supplies and dialysis consumables portfolio, primarily competing in Japan and select Asia-Pacific markets with a narrower product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/toray-medical-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toray Medical