Global Healthcare Low Leverage High Rewards

WIN-Partners

Market Cap: JP¥36.2b

Through its subsidiaries, distributes medical devices to medical institutions primarily in Japan.

Japan Lifeline

Market Cap: JP¥99.9b

A medical device company, engages in manufacturing and sale of medical device in Japan.

Universal Vision Biotechnology

Market Cap: NT$11.5b

A biotech company, provides vision care services in Taiwan and China.

Enseval Putera Megatrading

Market Cap: Rp6.1t

Engages in the distribution and supply of pharmaceutical products, consumer products, medical equipment, cosmetics, and other trading products in Indonesia.

UMP Healthcare Holdings

Market Cap: HK$353.3m

An investment holding company, provides a range of medical and healthcare services in Hong Kong, Macau, and Mainland China.

Tibet Rhodiola Pharmaceutical Holding

Market Cap: CN¥11.9b

Tibet Rhodiola Pharmaceutical Holding Co.

Revenio Group Oyj

Market Cap: €325.6m

Provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally.

Shandong Pharmaceutical GlassLtd

Market Cap: CN¥13.0b

Engages in research and development, production, and sale of various pharmaceutical glass packaging products in China.

Huadong Medicine

Market Cap: CN¥50.7b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Edan Instruments

Market Cap: CN¥6.6b

Engages in the research, development, manufacture, and service of medical electronic equipment and in vitro diagnostic products in China and internationally.

China National Medicines

Market Cap: CN¥20.5b

Engages in pharmaceutical equipment circulation in China.

Equasens Société anonyme

Market Cap: €512.6m

Provides healthcare IT solutions in France, Italy, Belgium, Germany, the United Kingdom, and internationally.

Suzuken

Market Cap: JP¥357.3b

Primarily engages in the distribution of pharmaceuticals in Japan and internationally.

Bioteque

Market Cap: NT$7.8b

Manufactures and sells medical devices in Asia, South America, North America, and internationally.

Yagami

Market Cap: JP¥25.6b

Operates as a specialized trading company in the educational market Japan, China, and internationally.

Ship Healthcare Holdings

Market Cap: JP¥230.9b

Engages in the medical, healthcare, welfare, and nursing care businesses in Japan and internationally.

Nihon Kohden

Market Cap: JP¥258.0b

Engages in research and development, production, sales, and repair and maintenance of medical electronic equipment in Japan, North America, Latin America, Europe, Asia, and internationally.

Sikarin

Market Cap: ฿16.2b

Operates hospitals in Thailand.

Interojo

Market Cap: ₩154.9b

Manufactures and sells contact lenses in South Korea and internationally.

BML

Market Cap: JP¥135.3b

Provides contract clinical testing and related services in Japan.

Jiangxi Sanxin MedtecLtd

Market Cap: CN¥5.0b

Engages in the research and development, manufacture, sale, and service of medical devices.

OLBA HEALTHCARE HOLDINGS

Market Cap: JP¥11.3b

Operates as a distributor of medical equipment and pharmaceuticals in Japan.

Pacific Hospital Supply

Market Cap: NT$5.5b

Manufactures, processes, and sells medical devices in Taiwan.

Mouwasat Medical Services

Market Cap: ر.س12.2b

Engages in the acquisition, management, operation, and maintenance of hospitals, medical centers, drug stores, and pharmacies in the Kingdom of Saudi Arabia.

Vital KSK Holdings

Market Cap: JP¥81.2b

Engages in the wholesale and retail sale of pharmaceutical products in Japan.

Hi-Clearance

Market Cap: NT$5.8b

Supplies medical devices for the renal, cardiac, radiation, dentistry, oral surgery, thoracic, respiratory, and metabolism markets in Taiwan.

Create Medic

Market Cap: JP¥9.6b

Engages in the research, manufacturing, and sale of medical appliances in Japan, China, Vietnam, and internationally.

Advantage Risk Management

Market Cap: JP¥7.9b

Provides mental health management and disability support services in Japan.

MediPal Holdings

Market Cap: JP¥608.1b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

Aier Eye Hospital Group

Market Cap: CN¥79.9b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥182.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Médica Sur. de

Market Cap: Mex$6.4b

Operates as a healthcare hospital in Mexico.

Shofu

Market Cap: JP¥75.6b

Manufactures and sells dental materials and equipment worldwide.

Nagaileben

Market Cap: JP¥53.6b

Manufactures and sells medical clothing in Japan.

Rion

Market Cap: JP¥40.6b

Develops, manufactures, sells, and services particle counters, medical equipment, and environmental equipment in Japan.

Ilex Medical

Market Cap: ₪543.0m

Engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.