Genoray, established in 2001, is a specialized digital X-ray company engaged in the research, development, manufacturing, and sales of various medical imaging diagnostic equipment, including surgical C-Arms, mammography systems, dental panoramic X-rays, 3D CTs, and portable X-ray units. The company has built a full lineup of high-quality imaging diagnostic equipment through the internalization of core components and software technology, establishing itself as a globally competitive healthcare enterprise.Genoray,establishedin2001,isaspecializeddigitalX-raycompanyengagedintheresearch,development,manufacturing,andsalesofvariousmedicalimagingdiagnosticequipment,includingsurgicalC-Arms,mammographysystems,dentalpanoramicX-rays,3DCTs,andportableX-rayunits.Thecompanyhasbuiltafulllineupofhigh-qualityimagingdiagnosticequipmentthroughtheinternalizationofcorecomponentsandsoftwaretechnology,establishingitselfasagloballycompetitivehealthcareenterprise.
Key Products/TechnologiesKeyProducts/Technologies
**C-Arm (Mobile X-ray Fluoroscopy System for Surgery)**: Models include ZEN-2090 Pro, ZEN-5000, ZEN-7000, OSCAR prime, OSCAR 15FD, and BELLIGER ACE. These systems provide real-time X-ray imaging for various surgical environments, such as orthopedics, neurosurgery, and pain management, holding over 70% of the domestic C-Arm market share. Key technologies include a 260x260mm flat panel detector, 15kW HFG, 150-degree dynamic orbital rotation, and Digital Subtraction Angiography (DSA).**C-Arm(MobileX-rayFluoroscopySystemforSurgery)**:ModelsincludeZEN-2090Pro,ZEN-5000,ZEN-7000,OSCARprime,OSCAR15FD,andBELLIGERACE.Thesesystemsprovidereal-timeX-rayimagingforvarioussurgicalenvironments,suchasorthopedics,neurosurgery,andpainmanagement,holdingover70%ofthedomesticC-Armmarketshare.Keytechnologiesincludea260x260mmflatpaneldetector,15kWHFG,150-degreedynamicorbitalrotation,andDigitalSubtractionAngiography(DSA).
**Mammography (Breast Cancer Diagnostic Equipment)**: Models like MX-300, MX-600, DMX-600, EZX-60, and HESTIA are available. These devices are used for diagnosing breast diseases by imaging internal breast structures, serving as high-value diagnostic equipment in surgery, internal medicine, obstetrics, and gynecology. HESTIA, in particular, is the first Korean-made system to obtain DBT (Digital Breast Tomosynthesis) certification, demonstrating its technological competitiveness. The systems utilize molybdenum and aluminum filters to absorb unnecessary X-rays and enhance image contrast.**Mammography(BreastCancerDiagnosticEquipment)**:ModelslikeMX-300,MX-600,DMX-600,EZX-60,andHESTIAareavailable.Thesedevicesareusedfordiagnosingbreastdiseasesbyimaginginternalbreaststructures,servingashigh-valuediagnosticequipmentinsurgery,internalmedicine,obstetrics,andgynecology.HESTIA,inparticular,isthefirstKorean-madesystemtoobtainDBT(DigitalBreastTomosynthesis)certification,demonstratingitstechnologicalcompetitiveness.ThesystemsutilizemolybdenumandaluminumfilterstoabsorbunnecessaryX-raysandenhanceimagecontrast.
**Dental Imaging (Dental X-ray Imaging Equipment)**: Product lines include Panoramic & Ceph (PAPAYA PLUS, PAPAYA, PAPAYA 3D PLUS, PAPAYA 3D PREMIUM PLUS, PAPAYA CUST), Portable X-ray System (PORT X-III, PortView, PORT-X IV, ZEN-PX4, ZEN-PX4 Vet), ENT CT (VOLUX 9 ENT, PAPAYA 3D ENT), GIX-1, GenX-CR, and the DVAS series. These systems support accurate diagnosis through various scan modes like panoramic, CT, and cephalometric, featuring 0.075 Voxel, fast scanning, Free FOV, and low-dose radiation technology. Advanced image processing minimizes metal artifact effects, providing optimal images for diverse dental specialties.**DentalImaging(DentalX-rayImagingEquipment)**:ProductlinesincludePanoramic&Ceph(PAPAYAPLUS,PAPAYA,PAPAYA3DPLUS,PAPAYA3DPREMIUMPLUS,PAPAYACUST),PortableX-raySystem(PORTX-III,PortView,PORT-XIV,ZEN-PX4,ZEN-PX4Vet),ENTCT(VOLUX9ENT,PAPAYA3DENT),GIX-1,GenX-CR,andtheDVASseries.Thesesystemssupportaccuratediagnosisthroughvariousscanmodeslikepanoramic,CT,andcephalometric,featuring0.075Voxel,fastscanning,FreeFOV,andlow-doseradiationtechnology.Advancedimageprocessingminimizesmetalartifacteffects,providingoptimalimagesfordiversedentalspecialties.
**Veterinary (Veterinary X-ray System)**: Offers product lines such as VETERA ACE (mobile C-arm), VETERA PX (handheld X-ray), and VETERA DM (intraoral X-ray). These systems provide essential real-time imaging for orthopedic diagnosis, treatment, and various interventional surgeries in animals. Compact and lightweight portable X-ray devices deliver superior image quality for veterinary dental imaging and diagnosis.**Veterinary(VeterinaryX-raySystem)**:OffersproductlinessuchasVETERAACE(mobileC-arm),VETERAPX(handheldX-ray),andVETERADM(intraoralX-ray).Thesesystemsprovideessentialreal-timeimagingfororthopedicdiagnosis,treatment,andvariousinterventionalsurgeriesinanimals.CompactandlightweightportableX-raydevicesdeliversuperiorimagequalityforveterinarydentalimaginganddiagnosis.
Core AdvantagesCoreAdvantages
Internalization of Core Technologies and Proprietary Technology Acquisition: The company develops and internalizes core components and software technology for X-ray systems, enhancing technological independence and building a comprehensive lineup of high-quality imaging diagnostic equipment. This strategy leads to strengthened product competitiveness and increased cost efficiency.InternalizationofCoreTechnologiesandProprietaryTechnologyAcquisition:ThecompanydevelopsandinternalizescorecomponentsandsoftwaretechnologyforX-raysystems,enhancingtechnologicalindependenceandbuildingacomprehensivelineupofhigh-qualityimagingdiagnosticequipment.Thisstrategyleadstostrengthenedproductcompetitivenessandincreasedcostefficiency.
Domestic Market Leadership and Global Expansion: Maintaining a dominant position with over 70% market share in the domestic mobile C-Arm market, the company has also established a global network and sales presence, exporting products to over 80 countries worldwide. It operates five overseas subsidiaries in the USA, Germany, Japan, Turkey, and China, along with over 150 partner companies, ensuring global sales and service provision.DomesticMarketLeadershipandGlobalExpansion:Maintainingadominantpositionwithover70%marketshareinthedomesticmobileC-Armmarket,thecompanyhasalsoestablishedaglobalnetworkandsalespresence,exportingproductstoover80countriesworldwide.ItoperatesfiveoverseassubsidiariesintheUSA,Germany,Japan,Turkey,andChina,alongwithover150partnercompanies,ensuringglobalsalesandserviceprovision.
Continuous R&D Investment and Innovative Product Launches: Allocating 8-10% of total revenue to R&D, the company leads in low-dose, high-resolution imaging technology and focuses on developing advanced technologies such as AI deep learning and automated diagnostic systems. The launch of innovative products like the DBT-certified mammography system 'HESTIA' demonstrates its capability to lead the market.ContinuousR&DInvestmentandInnovativeProductLaunches:Allocating8-10%oftotalrevenuetoR&D,thecompanyleadsinlow-dose,high-resolutionimagingtechnologyandfocusesondevelopingadvancedtechnologiessuchasAIdeeplearningandautomateddiagnosticsystems.ThelaunchofinnovativeproductsliketheDBT-certifiedmammographysystem'HESTIA'demonstratesitscapabilitytoleadthemarket.
Dual Coverage in Medical and Dental Fields: Genoray is the only company in Korea that researches, develops, manufactures, and sells both medical and dental X-ray imaging diagnostic equipment. This unique competitive advantage allows it to address the needs of diverse medical sectors and create significant business synergies.DualCoverageinMedicalandDentalFields:GenorayistheonlycompanyinKoreathatresearches,develops,manufactures,andsellsbothmedicalanddentalX-rayimagingdiagnosticequipment.Thisuniquecompetitiveadvantageallowsittoaddresstheneedsofdiversemedicalsectorsandcreatesignificantbusinesssynergies.
Acquisition of Quality and Safety Certifications: The company has obtained CE MDR (Medical Device Regulation) certification for all its C-arm models, meeting stringent European safety and efficacy standards, and secured US FDA approval and Korean MFDS DBT certification for key products, enabling sales in major international and domestic markets.AcquisitionofQualityandSafetyCertifications:ThecompanyhasobtainedCEMDR(MedicalDeviceRegulation)certificationforallitsC-armmodels,meetingstringentEuropeansafetyandefficacystandards,andsecuredUSFDAapprovalandKoreanMFDSDBTcertificationforkeyproducts,enablingsalesinmajorinternationalanddomesticmarkets.
External Recognition through Awards: Recognized with numerous awards, including being selected as a 'KOSDAQ Rising Star' for four consecutive years, receiving the 'Korea KOSDAQ Awards for Excellent Management' for two consecutive years, being chosen for the 'Global Strong Small and Medium-sized Enterprises 1000+ Project,' and re-certified as an 'Innovative Medical Device Company,' affirming its technological prowess and management capabilities.ExternalRecognitionthroughAwards:Recognizedwithnumerousawards,includingbeingselectedasa'KOSDAQRisingStar'forfourconsecutiveyears,receivingthe'KoreaKOSDAQAwardsforExcellentManagement'fortwoconsecutiveyears,beingchosenforthe'GlobalStrongSmallandMedium-sizedEnterprises1000+Project,'andre-certifiedasan'InnovativeMedicalDeviceCompany,'affirmingitstechnologicalprowessandmanagementcapabilities.
Target IndustrieTargetIndustrie
Medical Industry: Real-time X-ray imaging diagnosis and guidance in operating rooms for orthopedics, neurosurgery, and pain management. Early breast cancer detection in surgery, internal medicine, obstetrics, gynecology, and health screening centers. ENT diagnosis.MedicalIndustry:Real-timeX-rayimagingdiagnosisandguidanceinoperatingroomsfororthopedics,neurosurgery,andpainmanagement.Earlybreastcancerdetectioninsurgery,internalmedicine,obstetrics,gynecology,andhealthscreeningcenters.ENTdiagnosis.
Dental Industry: Oral, dental, jawbone, and facial structure diagnosis and examination in dental clinics. Utilization in various dental procedures such as dental implant surgery, orthodontics, and cavity diagnosis.DentalIndustry:Oral,dental,jawbone,andfacialstructurediagnosisandexaminationindentalclinics.Utilizationinvariousdentalproceduressuchasdentalimplantsurgery,orthodontics,andcavitydiagnosis.
Veterinary Industry: Animal orthopedic diagnosis, treatment, and various interventional surgeries in veterinary clinics and hospitals. Veterinary dental imaging diagnosis.VeterinaryIndustry:Animalorthopedicdiagnosis,treatment,andvariousinterventionalsurgeriesinveterinaryclinicsandhospitals.Veterinarydentalimagingdiagnosis.
Major MarketsMajorMarkets
Japan, China, Russia, Indonesia, Malaysia, South Korea (domestic market leader)Japan,China,Russia,Indonesia,Malaysia,SouthKorea(domesticmarketleader)
Germany, Turkey, AustriaGermany,Turkey,Austria
USAUSA
Certifications/PatentsCertifications/Patents
CE MDR (Medical Device Regulation) Certification: All C-arm models (including BELLIGER ACE and OSCAR 15FD) obtained, meeting essential requirements for market entry and sales in Europe.CEMDR(MedicalDeviceRegulation)Certification:AllC-armmodels(includingBELLIGERACEandOSCAR15FD)obtained,meetingessentialrequirementsformarketentryandsalesinEurope.
US FDA Approval: Key products such as the dental CT 'PAPAYA 3D PREMIUM PLUS' and portable X-ray 'PORT-X IV' received approval, enabling sales in the US market.USFDAApproval:KeyproductssuchasthedentalCT'PAPAYA3DPREMIUMPLUS'andportableX-ray'PORT-XIV'receivedapproval,enablingsalesintheUSmarket.
Korean Ministry of Food and Drug Safety (MFDS) DBT Certification: The first Korean manufacturer to obtain manufacturing and sales certification for the DBT (Digital Breast Tomosynthesis) breast cancer diagnostic system 'HESTIA'.KoreanMinistryofFoodandDrugSafety(MFDS)DBTCertification:ThefirstKoreanmanufacturertoobtainmanufacturingandsalescertificationfortheDBT(DigitalBreastTomosynthesis)breastcancerdiagnosticsystem'HESTIA'.
ISO 13485: Holds certification for medical device quality management systems (indirectly confirmed).ISO13485:Holdscertificationformedicaldevicequalitymanagementsystems(indirectlyconfirmed).
Patents: Possesses a total of 45 patents (according to RnDcircle information).Patents:Possessesatotalof45patents(accordingtoRnDcircleinformation).
Re-certification as an Innovative Medical Device Company: Re-certified as a 'Leading Innovative Medical Device Company' by the Ministry of Health and Welfare, receiving R&D support and incentives.Re-certificationasanInnovativeMedicalDeviceCompany:Re-certifiedasa'LeadingInnovativeMedicalDeviceCompany'bytheMinistryofHealthandWelfare,receivingR&Dsupportandincentives.
KOSDAQ Rising Star Selection: Selected by the Korea Exchange for four consecutive years, recognizing its innovative technology and global growth potential.KOSDAQRisingStarSelection:SelectedbytheKoreaExchangeforfourconsecutiveyears,recognizingitsinnovativetechnologyandglobalgrowthpotential.