Vincent Medical

What Vincent Medical does

Vincent Medical Holdings Limited is a Hong Kong-headquartered medical device group founded in 1997 and listed on the Hong Kong Stock Exchange (stock code: 1612) since July 2016. The company operates a dual OBM/OEM model, manufacturing respiratory care and anesthesia products, orthopaedic and rehabilitation devices, and OEM contract-manufactured devices. Under its proprietary Inspired Medical brand, it sells 300+ SKUs across 11 product categories, including high-flow oxygen therapy equipment, respiratory humidification systems (VHB20), sleep apnea devices (HeePura ST730), heat and moisture exchangers, and orthopedic braces. Under its wholly-owned Rehab Robotics subsidiary it markets the 'Hand of Hope' rehabilitation system, developed with Hong Kong Polytechnic University, which uses EMG signal detection and robotic actuation to support hand motor recovery in stroke patients. The OEM contract manufacturing business serves global medical device companies in the US, EU, Japan and Southeast Asia with blow molding, injection molding, EO sterilization and 100K-class cleanroom capabilities.

The company serves three primary end markets: hospitals and healthcare facilities (respiratory care, anesthesia support), home care patients (oxygen therapy, sleep apnea treatment), and OEM customers (manufacturing services for medical device brands). Revenue is generated primarily through hardware sales across both the OBM channel (Inspired Medical brand) and the OEM channel. Go-to-market combines field sales offices in Greater China (Shanghai, Shenzhen, Chengdu, Changchun, Wuhan, Fenggang) and Japan (Tokyo), alongside a distribution network of 70+ overseas distributors across 39 countries and 400+ agents serving major hospitals in China. Manufacturing is anchored in Dongguan (Tangxia Town production base and Songshan Lake R&D), with the Hong Kong office serving as headquarters and customer service center.

Regulatory and partnership positioning underpins the commercial model. Vincent Medical holds ISO 13485, ISO 14971 (first Hong Kong-headquartered group certified), ISO 11135, CE, CMDCAS and FDA registrations, with GMP and JGMP compliance and multiple FDA Emergency Use Authorizations and 510(k) clearances. Strategic partnerships include a global distribution agreement with Medtronic, a China resale agreement with Philips, a smart manufacturing cooperation with Siemens, and a research partnership with Hong Kong Polytechnic University. Profit attributable to owners grew from HKD 69.2M in 2024 (+20.8% YoY) to HKD 104.4M in 2025 (+50.9% YoY), reflecting post-COVID respiratory demand pull-through, capacity expansion (3x during COVID, with new production facilities under construction since late 2023) and the rollout of Inspired Medical internationally, including in Japan.

Name

Vincent Medical

Legal name

Vincent Medical Holdings Limited

Website

https://vincentmedical.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Vincent Medical is a Hong Kong-listed medical device group operating a dual OBM/OEM model, manufacturing and distributing respiratory care, anesthesia, orthopaedic and rehabilitation products globally under its Inspired Medical brand and via OEM contract manufacturing for international medical device companies.

Ownership category

akta.pro rank

Product category

Medical Device Manufacturing

NAICS

Surgical and Medical Instrument Manufacturing (339112), Surgical Appliance and Supplies Manufacturing (339113), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Medical Equipment and Supplies Manufacturing (3391)

SIC

Surgical & Medical Instruments & Apparatus (3841), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842), Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Single-Use Surgical Devices & Procedure Packs (Disposable instruments, drapes, kits) (HLAHADAM)

akta.pro secondary industry

Orthotics & Bracing (AFO/KAFO, Spinal, Soft Goods Supports) (HLAHAMAC)

Keywords

• Respiratory care devices
• Medical device manufacturing
• Anesthesia equipment
• Rehabilitation robotics
• OEM medical manufacturing

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. OBM (Own Brand Manufacturing): Sale of proprietary medical devices under Inspired Medical brand, including respiratory care equipment, rehabilitation devices, and related consumables. Products are sold through global distribution network and direct sales channels.
2. OEM Contract Manufacturing: Contract manufacturing services for global medical device companies, producing medical devices and consumables including breathing devices, imaging consumables, medical accessories and textiles. Over 20 years of manufacturing experience serving US, EU, Japan and Southeast Asia markets.
3. Respiratory Care Products: Sale of electronic medical devices for respiratory care and anesthesia including high flow oxygen therapy equipment, humidification systems, and related single-use products for hospital and home care settings.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Vincent Medical designs, manufactures, and sells medical devices under a dual OBM (own brand manufacturing, primarily Inspired Medical) and OEM (contract manufacturing) model. Its portfolio spans respiratory care equipment (high-flow oxygen therapy, humidification systems, sleep apnea machines), anesthesia products and disposables, orthopaedic rehabilitation braces, and rehabilitation robotics (Hand of Hope), sold to hospitals, home care users, and global medical device companies.

Product overview

Vincent Medical Holdings Limited is a Hong Kong-based medical device group founded in 1997, operating through a dual business model of OBM (own brand manufacturing) and OEM. The company develops, manufactures, and sells medical devices globally, with products organized into three main categories: (1) Respiratory Care and Anesthesia under the Inspired Medical (英仕医疗) sub-brand, featuring high-flow oxygen therapy devices, respiratory humidification systems, sleep apnea machines, and related disposables with over 300 SKUs; (2) Orthopaedics and Rehabilitation under Inspired Medical (orthopedic braces) and Rehab Robotics (Hope Hand robotic rehabilitation system); and (3) OEM Medical Contract Manufacturing services for medical devices. The group operates manufacturing facilities in Dongguan, China, with R&D operations in Songshan Lake, and has established global distribution networks covering 39 countries internationally and over 400 agents in China.

Differentiator

Problem solved

Functional benefit

Brands

• Inspired Medical: Self-owned brand established in 2003, offering respiratory care and anesthesia medical devices including high-flow oxygen therapy equipment, respiratory humidification systems, sleep apnea machines, rehabilitation equipment, and related disposable supplies for respiratory care and anesthesiology
• Rehab Robotics (復康機器人)
• inspired(TM)
• 和普樂 (HeePura)

Products and services

• Inspired Medical Respiratory Care and Anesthesia Self-owned Inspired Medical brand offering high-flow oxygen therapy devices, respiratory humidification systems, sleep apnea machines, anesthesia products, and related single-use disposable supplies, distributed to hospitals and home care users in 39 countries and across China via 400+ agents.
• Inspired Medical Orthopaedic and Rehabilitation Products Adjustable orthopaedic braces designed to support, protect, and rehabilitate musculoskeletal parts after injury or surgery, used as alternatives to traditional plaster casts.
• Hope Hand Rehabilitation System (Hand of Hope / 希望之手) Robotic hand training device that detects EMG (electromyography) signals from stroke patients and uses robotic hand assistance to support rehabilitation training and restore hand motor function.
• OEM Medical Contract Manufacturing ISO-certified contract manufacturing service for global medical device companies, producing breathing devices, imaging consumables, medical accessories and textiles. Operates 60+ injection molding machines, 7 blow molding machines, EO sterilisation, and 100K-class cleanrooms, serving US, EU, Japan, and Southeast Asia customers.
• INSPIRED O2FLO Respiratory Humidification Therapy Device Respiratory humidification therapy device providing high-flow warmed and humidified oxygen to patients in hospital and home care settings.
• inspired VHB20 Heated Humidifier Heated humidifier used in respiratory care to warm and humidify medical gases delivered to patients.
• HeePura ST730 Non-invasive Ventilator (和普乐 ST730) Non-invasive positive airway pressure ventilator providing respiratory support to patients in hospital and home care settings.

Quantifiable outcome

• Production capacity increased 3x to meet COVID-19 demand
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• SiemenscoreStrategic or Co-development Partner · 7 May 2024Vincent Medical established strategic cooperation with Siemens to promote smart manufacturing and achieve digital transformation. This partnership focuses on advancing manufacturing capabilities through digital technologies.
• MedtroniccoreChannel Partner/ Reseller/ Distributor · 29 November 2021Vincent Medical entered into a global distribution agreement with Medtronic for the distribution of medical devices. This partnership leverages Medtronic's extensive global distribution network to expand Vincent Medical's market reach.
• Philips (China)coreChannel Partner/ Reseller/ Distributor · 23 June 2021Vincent Medical entered into a resale purchase agreement with Philips (China) Investment Co., Ltd. for the resale of medical devices in China.
• Hong Kong Polytechnic UniversitycoreStrategic or Co-development PartnerVincent Medical collaborated with Hong Kong Polytechnic University to develop the 'Hand of Hope' rehabilitation system for stroke patients. The partnership combines robotics technology with medical expertise for rehabilitation treatment.
• Guangzhou Institute of Respiratory DiseasesminorStrategic or Co-development PartnerCollaboration started in 2011 with Guangzhou Institute of Respiratory Diseases for respiratory medical device research and development.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• ResMed: Global leader in sleep apnea, respiratory care, and humidification devices. Direct competitor to Vincent Medical's Inspired Medical portfolio in CPAP/BiPAP, humidification, and home respiratory therapy.
• Dräger: German medical technology company with deep portfolios in anesthesia workstations, patient monitoring, and neonatal respiratory care. Direct competitor in hospital anesthesia and respiratory care devices.
• Yuyue Medical (Jiangsu Yuyue): Major Chinese medical device group with home respiratory, sleep, and rehabilitation products. Comparable to Vincent Medical's home care segment and Inspired Medical brand in China hospital and homecare channels.
• Fisher & Paykel Healthcare: New Zealand-based leader in respiratory humidification, high-flow oxygen therapy, and anesthesia disposables — directly competing with Vincent Medical's O2FLO humidification therapy devices and HME filter line.
• Hamilton Medical: Swiss specialist in mechanical ventilators and high-flow oxygen therapy. Competes with Vincent Medical's HeePura non-invasive ventilator and high-flow respiratory products in hospital ICUs.
• BMC Medical: Beijing-based Chinese respiratory and sleep therapy device maker competing directly with Vincent Medical's Inspired Medical sleep apnea machines and respiratory care line in the China market.
• Mindray: Shenzhen-based Chinese medical device major with overlapping respiratory care, patient monitoring, and anesthesia portfolios; also a competing OEM/ODM contract manufacturer in the same Dongguan/Pearl River Delta ecosystem.

Broad incumbents

• Medtronic: Global medical device incumbent that is simultaneously a Vincent Medical distribution partner and a competitor in respiratory and patient monitoring — relevant for benchmarking channel access and competitive pressure.
• Philips (Royal Philips): Global healthcare major that is both a resale partner (Philips China) and direct competitor across respiratory, sleep, and anesthesia; key comparable for global hospital procurement access and scale.

Emerging players

• Masimo: US-based patient monitoring and pulse oximetry specialist with adjacent respiratory care exposure; relevant as an emerging technology peer pushing into connected respiratory and hospital monitoring.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about Vincent Medical