M.I.Tech
M.I.Tech is a privately held South Korean medical device manufacturer specializing in non-vascular gastrointestinal stents (HANAROSTENT family), drainage devices, and endoscopic equipment for hospitals, gastroenterology clinics, and veterinary practices globally.
- Company typePrivate
- Founded1991
- HeadquartersPyongtaek, South Korea
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What M.I.Tech does
M.I.Tech Co., Ltd. ((주) 엠아이텍) is a privately held South Korean medical device company founded in 1991 and headquartered in Pyeongtaek, Gyeonggi-do. The company develops, manufactures, and distributes non-vascular gastrointestinal stents, endoscopic equipment, and related accessories for hospitals, gastroenterology clinics, and veterinary practices. Its flagship HANAROSTENT product family spans biliary, esophageal, duodenal, colonic, and bronchial applications, complemented by differentiated devices including the Z-EUS IT single-handed drainage system, the Multi-Hole hybrid silicone-membrane biliary drainage catheter, and the FAST guidewire system designed to reduce procedure time, radiation exposure, and sedation duration. The company also offers GI accessories (EndoAll, ERCP accessories), a full endoscopic equipment line (gastroscope, colonoscope, duodenoscope, double-balloon endoscope, endoscopic ultrasound, bronchoscope), and biodegradable veterinary stents for companion animals.
The company's technical differentiation is rooted in proprietary mechanical design rather than software or AI, with unique guidewire pathways and one-handed operational features. M.I.Tech holds both European CE (MDR) and US FDA certifications, the latter enabling US market access. In 2026, the company launched a wholly-owned production facility (Plant Vina) in Ho Chi Minh City, Vietnam, received the first domestic South Korean regulatory approvals for four biodegradable veterinary stents, and earned an ESG Management A-grade from the Korea Productivity Headquarters. The company is led by representative (CEO) Kwak Jae-oh (곽재오).
M.I.Tech operates a direct B2B sales-led go-to-market targeting enterprise healthcare institutions and veterinary clinics, with pricing not publicly disclosed and revenue derived from one-time hardware sales with repeat purchase dynamics driven by clinical procedure volume. The company supplements its sales motion with participation in major international gastroenterology exhibitions (IDEN, DDW, ESGE), LinkedIn-driven product marketing, product training videos, and a web-based product inquiry system. The company is privately held with no disclosed parent company, funding rounds, or institutional investors in the available data.
M.I.Tech firmographics
Firmographics- Name
- M.I.Tech
- Legal name
- (주) 엠아이텍
- Website
- https://kor.mitech.co.kr
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- M.I.Tech is a privately held South Korean medical device manufacturer specializing in non-vascular gastrointestinal stents (HANAROSTENT family), drainage devices, and endoscopic equipment for hospitals, gastroenterology clinics, and veterinary practices globally.
- Ownership category
- akta.pro rank
M.I.Tech industry classification
Industry- Product category
- Medical Devices / Gastroenterology Stents
- NAICS
- Surgical and Medical Instrument Manufacturing (339112)
- SIC
- Surgical & Medical Instruments & Apparatus (3841)
- akta.pro primary industry
- Endoscopic Therapeutic & Access Devices (Trocars, dilators, biopsy/ablation tools) (HLAHADAN)
- akta.pro secondary industry
- Surgical & Procedural Instruments (Scalpels, Forceps, Retractors) (HLAMAFAA)
Keywords
Where M.I.Tech is headquartered
LocationHeadquarters
- HQ city
- Pyongtaek
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
M.I.Tech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Medical Device Sales: M.I.Tech generates revenue through the manufacture and sale of non-vascular gastroenterology stents, veterinary stents, GI accessories, and endoscopic equipment to hospitals, clinics, and veterinary practices globally. Revenue is derived from one-time product sales with repeat purchase dynamics driven by clinical usage.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
M.I.Tech product offering
Product offeringCore offering
M.I.Tech develops, manufactures, and sells non-vascular gastroenterology stents and endoscopic medical devices under the HANAROSTENT brand, including biliary, esophageal, duodenal, colonic, and bronchial stents, along with specialized drainage catheters (Z-EUS*IT*, Multi-Hole), guidewire systems (FAST), GI and ERCP accessories, veterinary stents, and endoscopic equipment systems. Products are CE (MDR) and FDA certified and sold to hospitals, clinics, and veterinary practices globally.
Product overview
M.I.Tech is a medical device company offering a diversified portfolio of gastroenterology stents and endoscopic equipment. The core product line centers on the HANAROSTENT family of non-vascular stents for biliary, esophageal, duodenal, colonic, and bronchial applications, complemented by specialized drainage catheters (Z-EUS *IT*™, Multi-Hole™), guidewire systems (FAST™), GI accessories (EndoAll, ERCP Accessories), veterinary stents, and endoscopic equipment. The company positions itself as an innovator in cutting-edge gastroenterology stents, providing differentiated solutions that improve patient quality of life through world-class quality certified by European CE (MDR) and US FDA approvals.
Differentiator
Problem solved
Functional benefit
Brands
- HANAROSTENT: Brand for digestive tract stents including biliary, esophageal, duodenal, colonic, and bronchial stents
- HANAROSTENT Benefit Multi-Hole Biliary
- HANAROSTENT TwynLay Duodenum/Pylorus
- Z-EUS IT
- FAST
- EndoAll
Products and services
- HANAROSTENT (Non-Vascular Stent Family)
Companies that use M.I.Tech
Customer profileSegments2 records
Ideal customer profiles2 records
M.I.Tech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
M.I.Tech partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Plant Vina (Ho Chi Minh City Production Facility)coreM.I.Tech established and operates a production facility in Ho Chi Minh City, Vietnam (Plant Vina), which officially opened in June 2026. This facility serves as a key manufacturing and operational hub supporting the company's global expansion strategy.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
M.I.Tech competitors and assessment
Company assessmentDirect peers
- CONMED Corporation: CONMED's GI and endoscopic device portfolio includes stents and accessories that compete with M.I.Tech's HANAROSTENT and EndoAll/ERCP accessory offerings in the hospital channel.
- Merit Medical Systems: Merit Medical manufactures a range of endoscopic and interventional devices including GI stents and drainage catheters that overlap with M.I.Tech's HANAROSTENT and biliary drainage product lines.
- Boston Scientific: Boston Scientific is a global leader in endoscopic and GI devices, including a broad portfolio of biliary, esophageal, duodenal, and colonic stents that directly competes with M.I.Tech's HANAROSTENT line in the same hospital endoscopy channel.
- Cook Medical: Cook Medical has a long-established GI/endoscopy business with non-vascular stents (e.g., biliary, esophageal) that competes head-to-head with M.I.Tech's HANAROSTENT products in hospitals and gastroenterology clinics.
- Micro-Tech (Nanjing): Micro-Tech is a Chinese endoscopy and GI device manufacturer with GI stents and accessories that compete with M.I.Tech in Asian and emerging markets on price-sensitive tenders and distributor relationships.
- Taewoong Medical: Taewoong Medical is a Korean medical device company specializing in GI stents, making it one of the closest direct competitors to M.I.Tech in the domestic Korean and broader Asian non-vascular stent market.
Emerging players
- Endo-Flex GmbH: Endo-Flex is a European specialist in GI accessories and therapeutic endoscopy devices, making it a comparable niche peer to M.I.Tech's EndoAll and ERCP accessories business.
- Hobbs Medical: Hobbs Medical offers a focused portfolio of GI stents and accessories for endoscopy, representing a similar niche, specialty medical device profile to M.I.Tech.
Broad incumbents
- Olympus Corporation: Olympus is the dominant global player in endoscopy systems and also distributes therapeutic devices, competing with M.I.Tech both in the endoscopic equipment category and as a broad incumbent in GI procedure workflows.
Regional players
- Medorah Meditek: Medorah Meditek is an India-based manufacturer of GI stents and endoscopic accessories, comparable to M.I.Tech as a regional player in the non-vascular GI stent category with growing international ambitions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
M.I.Tech social profiles
Digital presenceM.I.Tech compliance and trust
Trust signalCompliance2 records
M.I.Tech financial estimates
Financial estimateRevenue estimate
Valuation estimate
M.I.Tech leadership team
Management profileNumber of profiles
Profiles1 record
M.I.Tech subsidiaries and ownership
Company hierarchySubsidiaries1 record
M.I.Tech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
M.I.Tech 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 M.I.Tech
What does M.I.Tech do?
M.I.Tech develops, manufactures, and sells non-vascular gastroenterology stents and endoscopic medical devices under the HANAROSTENT brand, including biliary, esophageal, duodenal, colonic, and bronchial stents, along with specialized drainage catheters (Z-EUS*IT*, Multi-Hole), guidewire systems (FAST), GI and ERCP accessories, veterinary stents, and endoscopic equipment systems. Products are CE (MDR) and FDA certified and sold to hospitals, clinics, and veterinary practices globally.
Is M.I.Tech a public or private company?
M.I.Tech is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was M.I.Tech founded?
M.I.Tech was founded in 1991. It employs 11 to 50 people.
Where is M.I.Tech based?
M.I.Tech is headquartered in Pyongtaek, South Korea, in the Asia region.
How does M.I.Tech make money?
One revenue line is on record: medical Device Sales.
Who are M.I.Tech's main competitors?
Direct peers on record are CONMED Corporation, Merit Medical Systems, Boston Scientific, Cook Medical, Micro-Tech (Nanjing) and Taewoong Medical. Emerging players are Endo-Flex GmbH and Hobbs Medical. Olympus Corporation is listed as a broad incumbent. Medorah Meditek is listed as a regional player.
Does M.I.Tech have an API?
No public API is recorded for M.I.Tech.
What industry is M.I.Tech in?
M.I.Tech's product category is Medical Devices / Gastroenterology Stents. Its primary akta.pro industry code is HLAHADAN, Endoscopic Therapeutic & Access Devices (Trocars, dilators, biopsy/ablation tools), with a secondary code of HLAMAFAA, Surgical & Procedural Instruments (Scalpels, Forceps, Retractors). Its NAICS code is 339112 and its SIC code is 3841.