Global Healthcare Low Leverage High Rewards

WIN-Partners

Market Cap: JP¥36.0b

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

Japan Lifeline

Market Cap: JP¥96.9b

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

Universal Vision Biotechnology

Market Cap: NT$11.6b

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

Enseval Putera Megatrading

Market Cap: Rp6.3t

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.

Revenio Group Oyj

Market Cap: €320.9m

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

Tibet Rhodiola Pharmaceutical Holding

Market Cap: CN¥11.8b

Tibet Rhodiola Pharmaceutical Holding Co.

Equasens Société anonyme

Market Cap: €512.6m

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

Shandong Pharmaceutical GlassLtd

Market Cap: CN¥12.3b

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

Edan Instruments

Market Cap: CN¥6.4b

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¥20.4b

Engages in pharmaceutical equipment circulation in China.

Huadong Medicine

Market Cap: CN¥50.1b

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

Yagami

Market Cap: JP¥25.4b

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

Ship Healthcare Holdings

Market Cap: JP¥220.2b

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

Suzuken

Market Cap: JP¥350.0b

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

Bioteque

Market Cap: NT$8.2b

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

Sikarin

Market Cap: ฿16.0b

Operates hospitals in Thailand.

Nihon Kohden

Market Cap: JP¥242.2b

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.

Interojo

Market Cap: ₩160.6b

Manufactures and sells contact lenses in South Korea and internationally.

BML

Market Cap: JP¥133.3b

Provides contract clinical testing and related services in Japan.

Jiangxi Sanxin MedtecLtd

Market Cap: CN¥4.8b

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

Advantage Risk Management

Market Cap: JP¥8.2b

Provides mental health management and disability support services 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.

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.

Pacific Hospital Supply

Market Cap: NT$5.6b

Manufactures, processes, and sells medical devices in Taiwan.

MediPal Holdings

Market Cap: JP¥588.8b

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

OLBA HEALTHCARE HOLDINGS

Market Cap: JP¥11.4b

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

Vital KSK Holdings

Market Cap: JP¥79.8b

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

FALCO HOLDINGS

Market Cap: JP¥26.7b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Toho Holdings

Market Cap: JP¥265.3b

Engages in the wholesale distribution of pharmaceutical products in Japan.

Shofu

Market Cap: JP¥74.3b

Manufactures and sells dental materials and equipment worldwide.

Prim

Market Cap: €227.1m

Operates as a health technology, mobility, and health care products provider in Spain.

Nagaileben

Market Cap: JP¥52.4b

Manufactures and sells medical clothing in Japan.

Fukuda Denshi

Market Cap: JP¥309.1b

Engages in the manufacture and sale of medical instruments in Japan and internationally.

Rion

Market Cap: JP¥41.7b

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