Merit continues to expand sales efforts globally with new sales offices in mainland China, Hong Kong and other strategic areas outside the United States. “In 2010, our international sales grew approximately 10% over our 2009 international sales, and accounted for approximately 32% of our total sales.”1 This expansion is timely and the growth is significant. In a recent business wire dated October 4, 2011, the Millennium Research Group (MRG), a global authority on medical technology market intelligence, stated: “… the Brazilian, Russian, Indian and Chinese interventional cardiology device markets are all expected to grow strongly in the next five years, driven largely by rapid economic growth, which increases both the prevalence of coronary artery disease and the funding available for its treatment.”2
Merit has approximately 175 independent dealer organizations and packers that distribute our products worldwide, including territories in Russia, Africa, the Middle East, Asia (including China and India), South and Central America (including Brazil), Europe (some direct sales representation and some independent dealers), Australia and Canada. We believe that our international sales will continue to increase because of our extensive sales coverage in these areas and because of the dramatic industry growth.
1 2010 Merit Medical Systems, Inc. Annual Report
Merit Medical Systems, Inc.