Company Research Report: Heraeus Medevio
Company Overview
Name
Heraeus Medevio
Mission
Heraeus Medevio aims to improve lives by bringing lifesaving and life-changing medical devices to market. They focus on supporting medical device OEM (Original Equipment Manufacturer) teams from concept to production by leveraging their expertise in materials, leading-edge technologies, and supply chain excellence.
Founding
Heraeus Medevio operates as an entity under the Heraeus Group, a family-owned technology company with roots going back to 1660.
Key People
- Heiko Specht — Named President of Heraeus Medevio as of July 1, 2023.
Headquarters
The Heraeus Group is headquartered in Hanau, Germany.
Number of Employees
- Heraeus Medevio employs over 2,200 employees globally across its operations.
- Heraeus Group has approximately 17,200 employees in 40 countries.
Revenue
The overall revenue for Heraeus Group during the 2022 financial year was €29.1 billion (US$30.6 billion).
Recognition
- Heraeus Medevio is known for its expertise in simplifying complex supply chains and delivering high-quality medical device solutions. They are top-rated in quality performance, producing over 1 million products daily at sites worldwide.
Products
Products Offered
1. Design & Development Services
- Support throughout the entire product lifecycle, including regulatory clearance.
2. Components & Subassemblies
- High-quality medical components and subassemblies that accelerate the market launch of medical devices.
3. Finished Devices & Market-Ready Products
- Complete medical devices ready for various market applications.
Therapeutic Markets Served
- Neuromodulation
- Electrophysiology
- Neurovascular
- Peripheral Vascular
- Vascular Access & Delivery
- Cardiac Rhythm Management
- Structural Heart
Key Features
- Superior engineering know-how to solve complex challenges.
- Tailored solutions to expand customer capacity.
- Leverages specialty metals, polymers, and coatings.
- Ability to support from concept through production ramp-up.
Recent Developments
New Installations and Facilities
- June 21, 2024: Heraeus Medevio installed 1,309 solar panels in Costa Rica, demonstrating a commitment to reducing carbon footprint.
- February 5, 2024: Broke ground on a new state-of-the-art facility in the Czech Republic, which will add 200 jobs.
- June 29, 2023: Opened Phase II and broke ground on Phase III of its Costa Rican site expansion, adding 1,500 jobs.
New Leadership
- July 1, 2023: Heiko Specht took the role of President of Heraeus Medevio.
Expansion
- February 16, 2022: Expansion of Heraeus Medical Components in Costa Rica began with a groundbreaking ceremony.
- September 9, 2022: Opened a new state-of-the-art site in Germany for Heraeus Medical Components.
Partnerships and Support
- Supports expanding design, development, and commercialization needs for medical device OEMs as of October 27, 2022.
Note:
- No specific data on newly launched products beyond expansions and component offerings.
- No clear information on new features added to existing products.
Conclusion
Heraeus Medevio, as part of the Heraeus Group, offers extensive services and products targeted at improving and refining the medical device market. With a robust global presence and continuous improvements in infrastructure and environmental sustainability, they position themselves as a leader in medical device outsourcing solutions.
