Global Healthcare Low Leverage High Rewards

WIN-Partners

Market Cap: JP¥35.6b

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

Japan Lifeline

Market Cap: JP¥96.5b

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

Universal Vision Biotechnology

Market Cap: NT$11.9b

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.

Revenio Group Oyj

Market Cap: €328.3m

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: €492.3m

Provides healthcare IT solutions in Europe.

Huadong Medicine

Market Cap: CN¥50.5b

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

Shandong Pharmaceutical GlassLtd

Market Cap: CN¥12.1b

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

China National Medicines

Market Cap: CN¥20.2b

Engages in pharmaceutical equipment circulation in China.

Edan Instruments

Market Cap: CN¥7.0b

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

Bioteque

Market Cap: NT$8.1b

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

Nihon Kohden

Market Cap: JP¥235.5b

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.

Ship Healthcare Holdings

Market Cap: JP¥209.4b

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

Suzuken

Market Cap: JP¥339.9b

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

Yagami

Market Cap: JP¥25.0b

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

Jiangxi Sanxin MedtecLtd

Market Cap: CN¥4.8b

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

BML

Market Cap: JP¥137.2b

Provides contract clinical testing and related 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.

Pacific Hospital Supply

Market Cap: NT$5.9b

Manufactures, processes, and sells medical devices in Taiwan.

Mouwasat Medical Services

Market Cap: ر.س12.4b

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

Aier Eye Hospital Group

Market Cap: CN¥76.0b

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

Create Medic

Market Cap: JP¥9.4b

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.

OLBA HEALTHCARE HOLDINGS

Market Cap: JP¥11.7b

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

MediPal Holdings

Market Cap: JP¥555.2b

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

Vital KSK Holdings

Market Cap: JP¥75.7b

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

UMP Healthcare Holdings

Market Cap: HK$365.4m

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

Tristel

Market Cap: UK£188.3m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

CellaVision

Market Cap: SEK 3.2b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Ilex Medical

Market Cap: ₪557.3m

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.

Prim

Market Cap: €227.1m

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

Toho Holdings

Market Cap: JP¥258.0b

Engages in the wholesale distribution of pharmaceutical products in Japan.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥168.7b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Fukuda Denshi

Market Cap: JP¥310.7b

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

Shofu

Market Cap: JP¥73.7b

Manufactures and sells dental materials and equipment worldwide.