Shanghai Kinetic Medical

What Shanghai Kinetic Medical does

Shanghai Kinetic Medical (上海凯利泰医疗科技股份有限公司, stock code 300326.SZ) is a Shanghai-based, publicly listed orthopedic medical device company founded in 2005 and listed on the Shenzhen Growth Enterprise Market in 2012. The company designs, manufactures, and sells minimally invasive orthopedic implants and surgical consumables, organized around five core product lines: vertebroplasty/kyphoplasty (PKP), spinal minimally invasive surgery (including the Elliquence RF ablation system and 4K spinal endoscope platform), spinal internal fixation (cervical plates, percutaneous pedicle screws, PEEK interbody fusion cages), trauma/extremity fixation (locking compression plates, intramedullary nails), and sports medicine (suture anchors, arthroscopic cannulas, surgical sutures), plus bone cement products through the Yi Jiu Tai joint venture with Italy's TECRES S.P.A.

The company operates a multi-brand portfolio built partly through M&A: Elliquence, LLC (US, acquired 2018) for radiofrequency ablation and spinal endoscopy, Jiangsu IDEAL/艾迪尔 (acquired 2013) for trauma and spine, and Beijing Yisheng (acquired 2013) for cardiovascular minimally invasive. Core proprietary technology centers on the Vertebral Expansion Balloon Catheter (a National Key New Product and Shanghai Science and Technology Award winner), the Bendable/Curved Vertebroplasty Instrument enabling multi-directional cement delivery, and hydraulic bone cement delivery systems. The company holds over 200 patents and reports deployments across 3,500+ secondary and tertiary hospitals in China, with international sales spanning 40+ countries via regional distributors and an exclusive Japanese sales partner (active since 2017).

The business model is hardware sales of Class III medical devices to hospital procurement channels, with direct sales force coverage domestically and distributor-mediated channels internationally. The company's Qingpu manufacturing facility exceeds 45,000 sqm and is certified to ISO 13485, with additional Japanese MHLW quality system certification obtained in January 2020 to support direct supply into the Japanese market. Reported financials show revenue of approximately $963M-$1,166M over 2022-2025, with volatile net income (positive in 2023 and 2025, loss in 2022 and 2024), positioning the company as a mid-to-large Chinese orthopedic device specialist with international regulatory reach but recent revenue softness.

Name

Shanghai Kinetic Medical

Legal name

上海凯利泰医疗科技股份有限公司

Website

https://kineticmedinc.com.cn

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shanghai Kinetic Medical (300326.SZ) is a publicly listed Chinese orthopedic medical device company founded in 2005 that designs and manufactures minimally invasive spinal, trauma, and sports medicine implants, serving 3,500+ hospitals in China and 40+ countries internationally.

Ownership category

akta.pro rank

Product category

Orthopedic Medical Devices

NAICS

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

SIC

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

akta.pro primary industry

Spine Implants & Motion Preservation (Fusion/Disc/Interspinous) (HLAHAEAC)

akta.pro secondary industry

Orthopedic Trauma & Extremities Fixation (Plates/Screws/Nails/External Fixation) (HLAHAEAB)

Keywords

• Orthopedic medical devices
• Minimally invasive surgery
• Spinal fixation systems
• Kyphoplasty implants
• Bone cement products

Headquarters

HQ city

Zhangjiang

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Medical Device Sales: Sales of orthopedic implants and surgical instruments including vertebral kyphoplasty systems, spinal fixation, trauma products, sports medicine devices, and bone cement products. Revenue generated from hospital procurement and distributor orders.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Shanghai Kinetic Medical develops, manufactures, and sells minimally invasive orthopedic medical devices including balloon kyphoplasty systems, vertebral expansion balloon catheters, spinal fixation systems, trauma implants, sports medicine devices, and bone cement delivery products. Its core offerings center on percutaneous kyphoplasty (PKP) and vertebroplasty systems for treating osteoporotic vertebral compression fractures, alongside complementary spinal, trauma, and sports medicine product lines.

Product overview

Shanghai Kinetic Medical (上海凯利泰医疗科技股份有限公司, stock code 300326.SZ) is a high-tech enterprise established in 2005 specializing in R&D, manufacturing, and marketing of medical devices. The company operates a multi-brand product portfolio centered on minimally invasive orthopedic solutions spanning five major product lines: vertebroplasty/kyphoplasty, spinal minimally invasive, spinal internal fixation, trauma/extremities, and sports medicine. Core products include the KMC Kyphoplasty System, Balloon Dilatation Catheter Series (award-winning clinical brand), and Elliquence RF Ablation System (acquired 2018 subsidiary). The portfolio also includes PEEK Interbody Fusion Cages, Metal Locking Compression Plate Systems, Suture Anchors, and bone cement delivery systems. Subsidiaries include Elliquence (US-based RF ablation technology) and IDEAL Medical (trauma products), with joint venture Yi Jiu Tai for bone cement products with Italian partner TECRES S.P.A. The company serves over 3,500 secondary and tertiary hospitals in China and exports to developed markets including Europe, Japan, and the US.

Differentiator

Problem solved

Functional benefit

Brands

• 艾迪尔 (IDEAL): 子公司，专注于创伤和脊柱类医疗器械产品
• ELLIQUENCE
• 意久泰

Products and services

• KMC Kyphoplasty System (椎体后凸成形系统) Minimally invasive system for treating osteoporotic vertebral compression fractures through balloon kyphoplasty. Includes balloon catheter, puncture needle, tool kit, and pressure pump.
• Vertebroplasty System (椎体成形系统) Minimally invasive system for percutaneous vertebroplasty procedures to treat vertebral compression fractures.
• Spinal Fixation System (脊柱内固定系统) Internal fixation systems for cervical, thoracic, and lumbar spine including K-MISTLE minimally invasive pedicle screw fixation, Primom spinal fixation, Cerven anterior cervical plate, and PEEK interbody fusion cages.
• Elliquence RF Ablation System (Elliquence射频消融系统) Radiofrequency ablation system for spinal procedures including bipolar radiofrequency electrodes and spinal endoscope systems. Provides step-wise treatment solutions for spinal degenerative diseases.
• Metal Locking Compression Plate System (金属锁定接骨板钉系统) Orthopedic fixation system for limb diaphyseal and metaphyseal fracture internal fixation, including titanium plates and screws in various anatomical configurations.
• Balloon Dilatation Catheter (球囊扩张导管) Pioneering product for vertebral augmentation procedures with superior compliance to reduce damage to healthy bone tissue and improve surgical safety. Core proprietary technology recognized as national key new product.
• Bone Cement Delivery System (骨水泥输送系统) System for injecting bone cement through percutaneous puncture needle using hydraulic pressure during vertebroplasty, featuring simple operation and reduced surgery time.
• Sports Medicine Products (运动医学产品) Product line including suture anchors, non-absorbable surgical sutures, and arthroscopic threaded cannulas for soft tissue repair across multiple joints including shoulder, elbow, wrist, hand, hip, knee, ankle, and foot.
• PEEK Interbody Fusion Cage (椎间融合器PEEK) Spinal fusion devices available in cervical and lumbar configurations made from PEEK material matching cancellous bone elasticity modulus with large bone graft window design.
• ENT Products (五官科产品) Sinus balloon products for ENT (ear, nose, throat) applications.
• Bone Filling Bag (骨填充囊袋) Specialized product for vertebral filling and stabilization in percutaneous vertebroplasty for osteoporotic compression fractures. Available in straight, curved, single-tube, and double-tube configurations.
• Elliquence Subsidiary Products Elliquence brand products including bipolar RF electrodes, spinal endoscope systems, and 4K camera system for minimally invasive spine treatment.
• IDEAL Medical Subsidiary Products (艾迪尔) IDEAL Medical brand specializing in trauma products including metal locking compression plate systems, metal interlocking intramedullary nails, and cables.
• Yi Jiu Tai Bone Cement (意久泰骨水泥) Joint venture with Italian company TECRES S.P.A producing bone cement products for spine and joint applications with imported formulas and raw materials with over 20 years of international clinical application.

Quantifiable outcome

• Products deployed in 3,500+ secondary and tertiary hospitals nationwide
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, strategic, key and emerging.

• Elliquence, LLC (USA)coreTechnology or Integration · 3 June 2018Acquired 100% ownership of US-based Elliquence company in June 2018. Elliquence specializes in radiofrequency ablation technology for spinal minimally invasive procedures. Products include bipolar radiofrequency electrodes, spinal endoscope systems. Strengthened company's spinal minimally invasive product portfolio.
• 北京易生 (Beijing Essen)coreStrategic or Co-development Partner · 1 January 2013Acquired in 2013 alongside Jiangsu Ideal. Beijing Essen (易生) is a medical device company expanding cardiovascular minimally invasive business.
• 江苏艾迪尔 (Jiangsu Ideal)coreStrategic or Co-development Partner · 1 January 2013Acquired in 2013 alongside Beijing Essen. Jiangsu Ideal (艾迪尔) expanded company's spine and trauma medical fields.
• TECRES S.P.A (Italy)strategicStrategic or Co-development PartnerJoint venture company '意久泰' established with Italian company TECRES. JV focuses on bone cement products for spine and joint applications. Products use imported formulas and raw materials with over 20 years of international clinical application.
• Japan Sales PartnerkeyChannel Partner/ Reseller/ DistributorExclusive sales partner in Japan since 2017. Partner serves as core bridge for Kinetic products entering Japanese market. Led by Chairman Noguchi, partner has established strong presence in high-end Japanese market. Products achieved 80% usage rate in some hospitals for vertebral kyphoplasty.
• Regional Distributors (Middle East)emergingChannel Partner/ Reseller/ DistributorMet with over 20 potential regional distributors during Global Health exhibition in Saudi Arabia. Targeting Saudi Arabia, UAE, Kuwait markets for product distribution.
• Brazilian PKP DistributoremergingChannel Partner/ Reseller/ DistributorReached agreement with Brazilian PKP distributor during Hospitalar 2025 exhibition for new product line promotion. Multiple distributors from Argentina, Chile, Ecuador, Venezuela also expressed cooperation interest.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Medtronic: Global spine and orthopedic medtech leader with balloon kyphoplasty, spinal fixation, and trauma offerings. Most directly comparable to Kinetic in PKP/vertebroplasty but at far greater scale, with extensive hospital coverage worldwide.
• Stryker: Multi-billion-dollar orthopedic device company with spine, trauma, and sports medicine portfolios. Comparable product breadth across Kinetic's vertebroplasty, fixation, and sports medicine lines, with much deeper R&D and global sales infrastructure.
• Johnson & Johnson (DePuy Synthes): Operates DePuy Synthes, a global spine and trauma franchise overlapping directly with Kinetic's spinal fixation, PEEK cages, locking plates, and intramedullary nails. A dominant incumbent in tertiary hospital orthopedic procurement worldwide.

Regional players

• MicroPort Scientific (微创医疗): Chinese medical device conglomerate with an orthopedic/spine franchise (including joint reconstruction). Comparable as a listed domestic medtech with similar hospital-channel dynamics and VBP exposure.
• Mindray (迈瑞医疗): Largest Chinese medical device company, primarily in patient monitoring and IVD but expanding into orthopedics. Comparable as a domestic Chinese medtech competitor with broader hospital relationships and stronger balance sheet.
• AK Medical Holdings (爱康医疗): Leading Chinese orthopedic implant company focused on joint reconstruction (hip/knee) and trauma. Comparable domestic Chinese orthopedic peer competing for hospital procurement share, though with a different sub-specialty mix.

Direct peers

• Orthofix Medical: Spine and orthopedic extremities company with vertebral augmentation (Mobi-C, AccelFix), spinal fixation, and trauma offerings. Closely comparable niche player competing head-on in PKP/vertebroplasty and orthopedic trauma.
• B. Braun: Direct competitor in vertebral augmentation/PKP through its Aesculap spine business, alongside trauma and spinal fixation products. Closely comparable to Kinetic in PKP technology and minimally invasive spine procedures.
• Globus Medical (formerly NuVasive): Spine-focused medical device company with strong MIS spine, interbody fusion, and fixation portfolios following the NuVasive merger. Directly comparable to Kinetic's minimally invasive spine, PEEK cages, and pedicle screw systems.
• Weigao Orthopedic (威高骨科): Chinese orthopedic specialist covering spine, trauma, and joint products with hospital sales coverage. Closest direct domestic competitor to Kinetic across the spine and trauma categories that face VBP pricing pressure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/shanghai-kinetic-medical-co-ltd-

Compliance23 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 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 Shanghai Kinetic Medical