What Mednova does

Mednova is a Hangzhou, China-based medical imaging equipment manufacturer founded in 2008 and operating as a subsidiary of Hainan Yaqiao Pharmaceutical Group. The company specializes in digital X-ray (DR) imaging systems, with a product portfolio that spans general radiography DR, dynamic DR, mammography DR, mobile C-arms, pediatric bone age assessment DR, bone densitometry (DXA), X-ray protection devices, veterinary DR, and X-ray tubes. Mednova positions itself across the full imaging chain — from core components like X-ray tubes to integrated clinical systems and AI-enabled diagnostic software, notably the AgeExpert bone age assessment platform and a built-in Chinese clinical database for fracture risk. The firm is listed on China's National Equities Exchange and Quotations (NEEQ) under symbol 837258, though one source describes it as privately held — this conflict suggests the NEEQ listing is the primary registration status.

The company serves more than 5,000 medical institutions globally through 500+ dealership partners and 100+ service points, with a customer base spanning children's hospitals, general hospitals, community health centers, and veterinary clinics. Its business model is B2B capital equipment sales supplemented by OEM/ODM services, with go-to-market supported by ISO 13485, CE, and CCC certifications, and reinforced by repeated selection under China's "Excellent Domestic Medical Equipment" program. Notable differentiators include a co-developed (with Zhejiang University) micro-dose mobile pediatric bone age DR that holds the first NMPA registration of its kind, and 100+ patents and software copyrights covering hardware-software integration.

Mednova's recent strategic posture is one of product-line broadening and vertical integration: 2025 saw launches of a portable DXA bone densitometer (iMBD), a veterinary DR (MNF), and an in-house X-ray tube assembly (LQ16), complementing the 2023 North American market entry with the Staray 5000Super system. The financial detail in the available data is limited and contains at least one clearly erroneous figure, so revenue scale, headcount, and growth rate should be treated as unverified pending primary disclosure from the NEEQ filings.

Name

Mednova

Legal name

杭州美诺瓦医疗科技股份有限公司

Website

https://mednova.com.cn

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Mednova, a Hangzhou-based subsidiary of Hainan Yaqiao Pharmaceutical Group, manufactures digital X-ray imaging systems — DR, mammography, C-arm, pediatric bone age, and DXA bone densitometry equipment — serving 5,000+ medical institutions globally through 500+ dealers.

Ownership category

akta.pro rank

Product category

Medical Imaging Equipment

NAICS

Irradiation Apparatus Manufacturing (334517), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345), Medical Equipment and Supplies Manufacturing (3391)

SIC

X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844), Electromedical & Electrotherapeutic Apparatus (3845), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

X-ray & Fluoroscopy Systems (HLAHABAA)

akta.pro secondary industries

Imaging Equipment & Accessories (X-ray, Ultrasound, Endoscopy) (HLAMAFAC), Mobile Imaging Services (HLAFAKAC)

Keywords

• Digital radiography systems
• Medical X-ray imaging
• Bone densitometry equipment
• Veterinary imaging systems
• Medical device manufacturing

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Medical Imaging Equipment Sales: Sale of proprietary digital X-ray systems including DR, dynamic flat panel DR, mammography, mobile C-arm, bone age DR, and DXA bone densitometer to hospitals, clinics, and healthcare institutions. Revenue is one-time capital expenditure with potential for aftermarket services.
2. OEM/ODM Components and Systems: Customized manufacturing of flat panel detectors, high-voltage generators, X-ray tubes, grids, and complete imaging systems for medical digital imaging, industrial NDT, and veterinary imaging customers. Covers full product lifecycle from design to production and launch.
3. After-Sales Service and Technical Support: Technical support, maintenance, and after-sales service for installed base. Mednova maintains over 100 after-sales service points globally and provides long-term technical consultation, on-site support, and regular equipment inspection.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Hangzhou Mednova Medical Technologies Co., Ltd. designs, manufactures, and sells digital X-ray imaging equipment and components, including digital radiography (DR) systems, pediatric bone-age DR, mobile C-arms, mammography DR, dynamic flat-panel DR, DXA bone densitometers, portable DR, veterinary DR, X-ray protection devices, and X-ray tubes and detectors. The company sells branded finished systems to hospitals, clinics, and primary-care institutions, and provides OEM/ODM services to other medical device brands and distributors worldwide.

Product overview

Mednova (Hangzhou Mednova Medical Technologies Co., Ltd.) is a comprehensive digital X-ray medical imaging equipment provider founded in 2008, offering a multi-product portfolio centered on digital radiography (DR) systems. The core product lines include: (1) Staray 8000Super/5000Super general DR systems in dual column, ceiling mounted, and single column configurations; (2) KBA Series micro-dose pediatric bone age assessment DR with AI-powered AgeExpert software; (3) CStar-S mobile C-arm for orthopedic surgery; (4) Femaray digital mammography system; (5) Staray Dynastar dynamic flat panel DR systems for fluoroscopy and general radiography; (6) iMBD Series portable dual-energy X-ray bone densitometer; (7) MPD56 portable DR systems; (8) MNF veterinary DR systems; (9) X_Shield radiation protection devices; (10) LQ16 X-ray tube assemblies; and (11) OEM/ODM manufacturing services. Products feature proprietary imaging chains including flat panel detectors, high-voltage generators, and image processing algorithms. The company serves over 5,000 medical institutions globally with over 100 patents and software copyrights.

Differentiator

Problem solved

Functional benefit

Brands

• Staray系列: 数字化X射线成像系统产品系列，包括双立柱DR、悬吊DR、单立柱Z臂DR等多款型号
• 春风系列 (Dynastar)
• Femaray系列
• KBA系列（春笋系列）
• iMBD系列
• CStar-S系列
• X_Shield系列（光盾系列）
• MNF系列
• LQ系列 X射线管

Products and services

• Digital Radiography (DR) Systems

Quantifiable outcome

• Over 80% dose reduction in bone age DR compared to conventional DR
• +6 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core, flagship and minor.

• Zhejiang University School of Medicine Children's HospitalcoreStrategic or Co-development PartnerMednova co-developed the micro-dose bone age DR with the Children's Hospital of Zhejiang University School of Medicine. The partnership began in 2017; after 3 years of clinical development and testing, the world's first micro-dose mobile pediatric bone age DR was launched in 2020. The device is jointly marketed and has been deployed at the hospital's Binjiang campus, serving tens of thousands of children annually. Professor Fu Junfen (傅君芬) from the hospital's endocrinology department led the clinical collaboration.
• Hainan Yaqiao Pharmaceutical Group (海南亚洲制药集团)flagshipStrategic or Co-development PartnerMednova is a subsidiary of Hainan Yaqiao Pharmaceutical Group (海南亚洲制药集团), which provides corporate backing, resources, and strategic direction. The group focuses on digital medical equipment R&D and manufacturing as a national high-tech enterprise.
• 500+ Dealership PartnersminorChannel Partner/ Reseller/ DistributorMednova has established partnerships with over 500 dealership partners worldwide to distribute products and provide after-sales service. These partners operate across domestic Chinese and international markets including North America, Africa, and Southeast Asia.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Hologic: Direct peer in women's imaging (mammography DR) and bone densitometry (DXA). Mednova's Femaray mammography and iMBD DXA compete in the same clinical categories Hologic has historically led.
• Carestream Health: Pure-play DR/CR imaging vendor serving hospitals globally. Closely comparable product portfolio (general radiography DR) and channel-driven GTM overlapping with Mednova's dealer network.
• United Imaging Healthcare: Major Chinese OEM of DR, CT, MRI, and molecular imaging systems. Competes head-to-head with Mednova in Chinese public hospital tenders and on premium domestic equipment designations.
• Mindray: China's largest medical device company with a broad DR and patient monitoring portfolio. Directly comparable in target customers (Chinese hospitals), GTM (government procurement, distributor channel), and product category (digital X-ray systems).

Broad incumbents

• Siemens Healthineers: Global imaging incumbent with extensive DR and X-ray portfolio. Competes with Mednova in premium hospital tenders and in emerging markets where both companies sell through distribution.
• Canon Medical Systems: Global incumbent in diagnostic X-ray, including DR systems. Comparable in core product category (medical X-ray imaging) and target hospital customers across global markets.
• Philips: Global healthcare technology major with a sizable DR/radiography business. Comparable as a broad incumbent competing for the same hospital radiology budgets, especially in international markets Mednova is entering.
• GE HealthCare: Largest global medical imaging OEM with a full DR and X-ray line. Comparable as a broad incumbent in the same hospital radiology category, particularly relevant for Mednova's international expansion.
• Fujifilm Healthcare: Long-established global X-ray and DR vendor with deep hospital relationships and broad product portfolio. Comparable as a comprehensive X-ray system supplier targeting multi-department hospital workflows.

Emerging players

• Vieworks: Korean imaging component and DR system manufacturer. Comparable as a flat-panel detector and X-ray system supplier with overlap in the OEM/ODM component business Mednova serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

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 Mednova