What Finemedix does

Finemedix (파인메딕스) is a South Korean medical device manufacturer founded in August 2009 by gastroenterologist Prof. Seong Woo Jeon, headquartered in Daegu with a sales office in Seoul and a wholly-owned manufacturing subsidiary (FINEMDS) in Yancheng, China. The company specializes in minimally invasive endoscopic surgical instruments spanning four core procedure categories: Endoscopic Submucosal Dissection (ESD), Endoscopic Mucosal Resection (EMR), Endoscopic Ultrasound (EUS), and Endoscopic Retrograde Cholangiopancreatography (ERCP). Its portfolio includes 27 products across 234 production models as of March 2025, anchored by flagship devices such as the ClearCut Knife (the world's first hybrid ESD knife integrating needle and ceramic-tip functions), ClearCoajet (a coagulation/injection hybrid knife), ClearGrasp snares, ClearEndoClip hemostatic clips, Fine ExacTip EUS needles, FineTome sphincterotomes, and Clear-Accu biopsy forceps. The company also distributes SonoScape endoscopy systems (HD-550 image processors, light sources, echoendoscopes, and ultrasound systems) in Korea under an exclusive agreement.

Finemedix operates a PROSUMER (Producer + Consumer) model in which practicing gastroenterologists participate directly in product development, and pursues a sales-led go-to-market via direct engagement with university hospitals, large medical centers, and clinics in Korea, paired with exclusive distribution partnerships globally across EMEA, APAC, NORAM, and LATAM. Revenue is generated through hardware sales of single-use and reusable endoscopic instruments, with pricing handled via quote-based procurement rather than public disclosure. The company holds approximately 25% domestic market share in Korea, achieved KRW 10 billion (approximately $7.5M USD) in revenue in 2023 with KRW 3 billion in exports, and sells into 47 countries. Regulatory clearances include EN ISO 13485, CE MDD, FDA 510(k) (November 2018), and CE MDR (July 2026 for 7 devices).

Finemedix listed on KOSDAQ in December 2024, opening access to public capital markets. The company is currently in an expansion phase, with US distribution revenue beginning in H2 2025 via a new partnership, CE MDR unlocking EU/EEA access in 2026, and an ODM relationship with a global partner targeted to deliver a first order in Q4 2026. Major shareholders include NVCP (엔브이씨파트너스) and Lee Moon-soo (이문수); the company has no parent entity and operates as an independent, publicly traded corporation.

Name

Finemedix

Legal name

주식회사 파인메딕스 (Finemedix Co., Ltd.)

Website

https://finemedix.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Finemedix is a South Korean medical device manufacturer that produces endoscopic surgical instruments for ESD, EMR, EUS, and ERCP procedures, serving gastroenterologists and hospitals in 47 countries through a clinician-led PROSUMER development model.

Ownership category

akta.pro rank

Headquarters

HQ city

Daegu

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Medical Device Sales: Sale of endoscopic surgical instruments and accessories including ClearCut knives, snares, biopsy forceps, hemostatic devices, EUS needles, and ERCP instruments to healthcare providers
2. Endoscopy Equipment Distribution: Distribution of SonoScape endoscopy systems including HD-550 image processors, light sources, and ultrasound endoscopes (EG-UC5T, EG-UR5)
3. Global Export Revenue: Export revenue from international markets including Japan, Germany, USA, and 47 countries worldwide with CE MDR and FDA certifications enabling market access

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Finemedix manufactures endoscopic surgical instruments and accessories for minimally invasive gastrointestinal procedures, including ESD knives, polypectomy snares, biopsy forceps, hemostatic clips, injection catheters, EUS needles, and ERCP devices. The company also distributes SonoScape endoscopy imaging systems (image processors, light sources, gastroenterology scopes, and echoendoscopes) through exclusive distribution agreements. With 27 products across 234 production models as of March 2025, the company serves gastroenterologists and endoscopists globally across 47 countries.

Product overview

Finemedix is a Korean medical device manufacturer specializing in endoscopic procedural instruments. The company operates under a PROSUMER (Producer + Consumer) model with direct participation from medical professionals. Their product portfolio includes 27 products and 234 different production models as of March 2025, comprising: (1) Core procedural devices including ClearCut Knife ESD knives (H/H2, O/O2, I, L, J Plus, Q, Mini types), ClearCoajet hybrid knife, ClearGrasp Snare polypectomy devices, Clear-Retriever retrieval nets, ClearHemograsper hemostatic forceps, Clear-Jet Injection Catheters, ClearEndoClip Plus hemoclips, Clear-Hemostat probes, Clear-Accu/Clear-Bite/Endo-bite/Clear-Coabite biopsy forceps, Fine ExacTip/Fine VueTip EUS needles, FineTome sphincterotomes, FineJet Cannulas, Fine-Grab Basket stone retrievers, ClearCap Distal Attachments, and ClearView Mouthpieces; (2) Distributed SonoScape endoscopy systems including HD-550 image processors, VLS-55Q/VLS-50T light sources, 550 series gastroenterology scopes, EG-UC5T/EG-UR5 endoscopic ultrasound systems, and Color Doppler diagnostic ultrasound systems. The company holds approximately 25% domestic market share in Korea.

Differentiator

Problem solved

Functional benefit

Products and services

• ClearCut Knife High-frequency electrosurgical knife for Endoscopic Submucosal Dissection (ESD) procedures. Available in multiple types (H/H2, O/O2, I, L, J Plus, Q, Mini) combining marking, incision, dissection, and hemostasis functions. Used by gastroenterologists performing minimally invasive endoscopic procedures.
• ClearCoajet Hybrid knife-type hemostasis device offering both coagulation and injection modes for marking, injection, and hemostasis during endoscopic procedures without device changes. Used by gastroenterologists for ESD procedures.
• ClearGrasp Snare Polypectomy snare for Endoscopic Mucosal Resection (EMR) available in Oval, Crescent, and Shield (Cold) types with various loop sizes (6-30mm) and wire stiffness options. Used by gastroenterologists for polyp removal procedures.
• Clear-Retriever Foreign body and polyp retrieval net with Hexagonal and Oval type designs featuring soft, durable mesh for tissue damage minimization. Used by gastroenterologists for retrieval during EMR procedures.
• ClearHemograsper Disposable electrosurgical hemostatic forceps with tapered tip diamond-shaped jaws, 2-wire drive system, and superior suction functionality for precise hemostasis. Used by gastroenterologists for bleeding control during endoscopic procedures.
• Clear-Jet Injection Catheter Disposable endoscopic injection catheter with Back Cut Bevel needle structure available in Head/Non-head types with 21/23/25G gauge options for accurate fluid injection. Used by gastroenterologists for submucosal injection during endoscopic procedures.
• ClearEndoClip Plus Endoscopic clipping device available in Link type (L), Elastic type (M), and Thin rear section (S) variants with various clip sizes (11mm-16mm) and 135 degree clip angle for bleeding control. Used by gastroenterologists for hemostasis during endoscopic procedures.
• Clear-Hemostat Reusable hemostasis probe with 360 degree coagulation head featuring silver tip for constant temperature maintenance and irrigation port. Used by gastroenterologists for hemostasis during endoscopic procedures.
• Clear-Accu Biopsy Forceps Premium disposable biopsy forceps with ultra-precision processing, swing cup functionality, 2-wire structure, and coated sheath for clean tissue acquisition with minimal bleeding. Used by gastroenterologists for tissue sampling during endoscopic procedures.
• Clear-Bite Biopsy Forceps Disposable biopsy forceps available in Oval, Round, and Needle types with color-coded handles for different applications (Upper GI, Lower GI, Bronchoscopy). Used by gastroenterologists for tissue sampling during endoscopic procedures.
• Endo-bite Biopsy Forceps Premium autoclavable reusable biopsy forceps with 180 degree tilting and swing capability, 2-wire structure, and oval cup design for difficult-to-access lesions. Used by gastroenterologists for tissue sampling during endoscopic procedures.
• Clear-Coabite Multi-function biopsy forceps supporting both Active mode (Hot Biopsy) for polyp resection and Non-active mode for clean tissue biopsy with insulated cup interior. Used by gastroenterologists for combined biopsy and polyp resection during endoscopic procedures.
• Fine ExacTip Endoscopic Ultrasound guided fine needle aspiration/biopsy device with push button adjuster, ergonomic handle, available in FNA, FNB, and Franseen types with spiral echo shape for ultrasound visibility. Used by gastroenterologists for EUS-guided tissue sampling.
• Fine VueTip Endoscopic Ultrasound needle with button type adjuster for needle length control from 0cm to 5cm, featuring connector single rotation functionality. Used by gastroenterologists for EUS-guided fine needle aspiration.
• FineTome Sphincterotome for ERCP procedures with insulated coated cutting wire, 4.4Fr tapered tip design, and curved distal end for easy cannulation of strictures. Used by gastroenterologists for ERCP stone and stricture management.
• FineJet Cannula Injection cannula for ERCP with smooth finish, specialized tip shape for stricture entry, and backflow prevention handle design. Used by gastroenterologists for contrast and medication injection during ERCP procedures.
• Fine-Grab Basket Stone retrieval basket for ERCP available in Hexa type (stainless steel, 4 wires) and Spiral type (Nitinol, 8 wires) for medium/large and small gallstone removal respectively. Used by gastroenterologists for stone extraction during ERCP procedures.
• ClearCap Distal Attachment Distal attachment/cap for endoscopes with 2 draining holes, conical design for POEM and Colon ESD procedures, ensuring clear view and tissue protection. Used by gastroenterologists during endoscopic procedures.
• ClearView Mouthpiece Endoscopic mouthpiece with bite angle design minimizing friction between scope and mouthpiece, featuring fastening band and round edge for patient protection. Used during endoscopic procedures for patient comfort and scope protection.
• HD-550 Image Processor SonoScape Full HD video endoscopy processor with CMOS sensor, VIST (Versatile Intelligent Staining Technology), and built-in 1TB workstation for image capture, recording, and report editing. Distributed by Finemedix under exclusive distribution agreement with SonoScape Medical Corp. Used by gastroenterology departments in hospitals and clinics.
• 550 Series Gastroenterology Scopes SonoScape high-definition gastroenterology endoscopes with hot plugging, ergonomic handle design, short bending radius, water jet function, and real waterproof capability. Distributed by Finemedix. Used by gastroenterologists for diagnostic and therapeutic endoscopy procedures.
• EG-UC5T/EG-UR5 Endoscopic Ultrasound SonoScape linear and radial array echoendoscopes. EG-UC5T offers 4.0mm instrument channel, 150 degree scanning angle, 4-12MHz frequency. EG-UR5 provides 360 degree radial scanning with adjustable focus points. Distributed by Finemedix. Used by gastroenterologists for endoscopic ultrasound procedures.

Quantifiable outcome

• 25% market share in Korea for endoscopic devices
• +2 more outcomes

Named customers3 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

Feature6 records

Partnerships

Five partnerships are on record, tiered major, core and minor.

• T Company (US Partner)majorChannel Partner/ Reseller/ Distributor · 1 January 2025US market partnership for ClearTip EUS FNA(B) products with sample orders and revenue generation beginning in H2 2025. One of two US distribution partners.
• C Company (Global ODM Partner)majorOEM/ Whitelabel/ Licensing Partner · 1 January 2025Ongoing ODM (Original Design Manufacturing) contract negotiations with global company for product development and manufacturing collaboration. Expected first order in Q4 2026 if finalized.
• SONOSCAPE MEDICAL CORPcoreChannel Partner/ Reseller/ Distributor · 1 December 2024Exclusive distribution agreement for SonoScape HD-550 endoscopy systems, light sources, and related equipment. Finemedix distributes SonoScape's full high definition video endoscopy systems including image processors and ultrasound endoscopes (EG-UC5T, EG-UR5) in Korea.
• NEXT BIOMEDICALcoreChannel Partner/ Reseller/ Distributor · 1 April 2018Exclusive distribution partnership for Finemedix endoscopic instruments in designated markets. NEXT BIOMEDICAL serves as authorized distributor for Finemedix products.
• SONOSCAPE MEDICAL CORP (APGCC 2026 Sponsor)minorStrategic or Co-development PartnerSonoScape Medical Corp sponsored the APGCC 2026 session where Finemedix CEO delivered a lecture on Korean gastric cancer screening perspectives.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Boston Scientific: Large diversified medtech with a meaningful endoscopy and hemostasis franchise (EMR/ESD accessories, clips). Direct competitor in therapeutic endoscopic instruments and ERCP devices that Finemedix supplies.
• Cook Medical: US-based, privately held, with a substantial GI endoscopy franchise including ERCP accessories. Overlaps directly with Finemedix's FineTome, FineJet and Fine-Grab basket offerings.
• STERIS: Global provider of infection prevention and endoscopy workflow solutions with adjacent endoscopic accessory offerings. Comparable as a large-scale incumbent that bundles services and consumables around endoscopic procedures.
• Olympus Corporation: Global leader in gastrointestinal endoscopy systems and therapeutic instruments. Comparable as the dominant platform incumbent whose scope, R&D budget, and installed base define the competitive set Finemedix must displace or partner around in GI endoscopy.

Direct peers

• Micro-Tech Endoscopy: China-based manufacturer of GI endoscopic accessories including biopsy forceps, snares, and injection needles. Closely comparable product breadth, regulatory positioning, and emerging-market go-to-market approach.
• PENTAX Medical (Hoya Corporation): Division of Hoya focused on flexible endoscopy systems and accessories. Directly comparable product range and a key competitor for Asian and European endoscopy contracts.
• KARL STORZ: Germany-based manufacturer of endoscopes and endoscopic instruments across GI, urology, and surgery. Closely aligned with Finemedix's hybrid-knife and instrument strategy, particularly across EU markets.
• ERBE Elektromedizin: German specialist in electrosurgery and hybrid endoscopic instruments (e.g., HybridKnife for ESD/EMR). Closest functional analogue to Finemedix's ClearCut hybrid knife and ClearCoajet technologies.

Emerging players

• SonoScape Medical Corp: China-based manufacturer of endoscopy systems and ultrasound platforms. Both a key distribution partner for Finemedix (exclusive SonoScape HD-550 distribution in Korea) and a potential competitive threat as endoscopy OEMs push bundled instruments.
• Creo Medical Group: UK-based developer of advanced energy endoscopic devices for GI procedures, including the Speedboat and MicroBlate platforms. Overlaps with Finemedix's therapeutic instrument focus and EU commercial footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@finemedix.official
• Xx.com/FINE_MEDIX
• Facebookfacebook.com/FINEMEDIX
• LinkedInlinkedin.com/company/finemedix

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Finemedix