Company Profile: Timesco Healthcare Ltd
Overview
Timesco Healthcare Ltd, founded in 1964 by Capt. M.F. Bhatti, is a leading UK-based surgical and medical company. Known for innovation in medical product design, it focuses on sectors such as Anaesthesia, Surgery, Podiatry, and Primary Care. Timesco is a family-owned business serving both the NHS and private healthcare sectors globally. Their headquarters are located at Timesco House, Basildon, Essex, United Kingdom.
Business Operations
Timesco emphasizes manufacturing and distribution of high-quality medical devices and instruments, compliant with international quality standards. They prioritize environmental sustainability and ethical practices while engaging with clinicians to craft bespoke healthcare solutions. Registered as a Private Limited Company, Timesco positions itself as a trusted supplier in the healthcare industry.
Financials and Corporate Details
- Company Number: 03346938
- Incorporated On: April 8, 1997
- Nature of Business (SIC):
- 26600 - Manufacture of irradiation, electromedical, and electrotherapeutic equipment
- 47749 - Retail sale of medical and orthopaedic goods in specialized stores (excluding hearing aids)
Leadership
The leadership team comprises:
- Sam Fayyaz: Chief Executive Officer, responsible for advancing Timesco's global impact.
- Angela Massey: UK Sales & Marketing Director, driving sales and marketing efforts.
- Kashif Rashid: Finance Director, managing strategic financial operations.
Innovation and Product Development
Timesco is dedicated to pioneering medical instruments, particularly in resuscitation and diagnostic tools. A notable product is the Optima View® Video Laryngoscope, presented at medical congresses to underscore innovations in resuscitation technology.
Partnerships and Collaborations
Timesco is recognized for forming strategic alliances and supporting healthcare events and organizations. Their partnership with companies like Dehaier Medical Systems exemplifies their commitment to collaborative growth and industry engagement.
Competitor Profile
Overview
Timesco Healthcare operates in a competitive landscape with several key players in the medical device industry. Below is a detailed profile of Timesco’s main competitors:
Competitors
1. Belluscura
Belluscura is a UK-founded company, now headquartered in the United States, specializing in oxygen enrichment technology with products like portable oxygen concentrators X-PLOR and DISCOV-R. It targets multiple industries such as medical, industrial, and aerospace, with a market cap of $21.9 million as of November 2024.
2. Hemovent
Based in Aachen, Germany, Hemovent specializes in portable extracorporeal membrane oxygenation (ECMO) systems. Their Bionique Flow Technologies are designed for heart and lung support, backed by comprehensive in-house manufacturing and global patents.
3. Lungpacer Medical
Lungpacer Medical, located in British Columbia, is known for its diaphragm pacing therapy system aiding respiratory care. It holds 93 patents and has FDA's Emergency Use Authorization, providing novel solutions for weaning mechanically ventilated patients.
4. ALung Technologies
Part of LivaNova, ALung developed the Hemolung™ respiratory assist device as an alternative to ventilators in acute respiratory failure cases. Known for its extracorporeal gas exchange innovations, ALung aims to streamline ICU operations and reduce treatment costs.
5. Breethe
Acquired by Abiomed in 2020, Breethe designs wearable ECMO systems that facilitate pulmonary therapies without large oxygen supplies. This subsidiary of Abiomed continues to enhance pulmonary health through cutting-edge technology.
Strategic Placement and Considerations
Analyzing Timesco's competitive environment highlights potential areas for strategic advancements and collaborations. Competitor strengths in oxygen technology and respiratory assist devices could guide Timesco’s future R&D and market positioning initiatives.
