Terumo

{{Short description|Japanese medical equipment manufacturer}}

{{Infobox company

| name = Terumo Corporation

| logo = File:Terumo.svg

| type = Public (K.K)

| traded_as = {{TYO|4543}}
Nikkei 225 Component

| foundation = {{start date and age|1921|09|17}}

| location = 44-1, 2-chome, Hatagaya, Shibuya-ku, Tokyo 151-0072, Japan

| key_people = Takayoshi Mimura, (Chairman)
Shinjiro Sato, (President)

| industry = Medical equipment

| products = {{ubl|Intravenous catheters|Infusion sets|Artificial heart and lungs|Blood glucose and blood pressure monitoring systems|Blood transfusion-related products|Oncology safety products|Peripheral stents|Oxygenators}}

| revenue = {{profit}} $ 4.27 billion (FY 2012)

(¥ 402.294 billion) (FY 2012)

| net_income = {{profit}} $ 500.01 million (FY 2012)

(¥ 47.01 billion) (FY 2012)

| subsid = Terumo Cardiovascular Systems, Corp.
Vascutek Ltd.
Microvention Inc.

| num_employees = 19,261 (consolidated) (as of September 30, 2013)

| homepage = [http://www.terumo.com/index.html Official website]

| footnotes = {{cite web |url=http://www.terumo.com/about/profile.html |title=Terumo Corporate Profile |access-date=March 17, 2014 |archive-date=March 1, 2017 |archive-url=https://web.archive.org/web/20170301093736/http://www.terumo.com/about/profile.html |url-status=dead }}{{cite web |url=http://www.terumo.com/investor/financial/statement_pl.html |title=Terumo Financial Statement |access-date=March 17, 2014 |archive-date=May 14, 2017 |archive-url=https://web.archive.org/web/20170514005512/http://www.terumo.com/investor/financial/statement_pl.html |url-status=dead }}

}}

{{nihongo|Terumo Corporation|テルモ株式会社|Terumo Kabushiki-gaisha}} was founded in 1921 as Red Line Thermometer Corporation by a group of medical scientists led by Dr. Kitasato Shibasaburō to produce medical thermometers in Japan.

The company's first product was "Jintan Taionkei", the first Japanese-made thermometer available for sale, and it has since expanded into a medical devices manufacturer, producing medical disposables, cardiovascular systems and diabetes care products.{{cite book | last1=Das | first1=S. | last2=Zutshi | first2=A. | last3=Janardhanan | first3=J. | title=The Great Lockdown: Lessons Learned During the Pandemic from Organizations Around the World | publisher=Wiley | year=2021 | isbn=978-1-119-81042-1 | url=https://books.google.com/books?id=T5VGEAAAQBAJ&pg=PA241 | access-date=2023-09-11 | page=241}}

In 1971, Terumo opened its first overseas office in the United States. Since then, the company has established subsidiaries in Europe (1971), South America, China, India, Philippines, Vietnam, Thailand and Australia. The company later expanded its product range to include coronary stents and catheters, and acquired, among others, the cardiovascular specialty companies Vascutek and Microvention in 2002 and 2006 respectively.

Business segments and products

File:テルモ体温計001.JPG

{{asof|2014}} Terumo Corporation was organized into three business segments:{{cite web |url=http://www.terumo.com/business/index.html |title=Terumo Products |access-date=March 17, 2014 |archive-date=December 17, 2013 |archive-url=https://web.archive.org/web/20131217010049/http://terumo.com/business/index.html |url-status=live }}

Terumo Penpol, the company's subsidiary in Trivandrum, India is the largest manufacturer of blood bags in India and supplies it to over 82 countries.{{Cite web |last=Kurian |first=Vinson |title=Blood bags co Terumo Penpol turns 25 |work=The Hindu |date=31 October 2010 |url=http://www.thehindubusinessline.com/todays-paper/tp-corporate/article1008137.ece |access-date=July 24, 2011 |archive-date=9 October 2012 |archive-url=https://web.archive.org/web/20121009104645/http://www.thehindubusinessline.com/todays-paper/tp-corporate/article1008137.ece |url-status=live }}

A medical device facility called Terumo BCT is located in Denver suburb of Lakewood, Colorado, and {{asof|2018|lc=y}}, has been open and operating for over 20 years.{{cite news |url=https://www.thedenverchannel.com/news/politics/state-health-to-sample-air-near-lakewood-plant-after-epa-identifies-potential-elevated-cancer-risk |title=Colorado to sample air near Lakewood plant after EPA identifies potential elevated cancer risk. Assessment shows normal cancer rates |work=7 News |last=Hernandez |first=Lance |date=18 August 2018 |access-date=24 September 2019 |archive-date=24 September 2019 |archive-url=https://web.archive.org/web/20190924172330/https://www.thedenverchannel.com/news/politics/state-health-to-sample-air-near-lakewood-plant-after-epa-identifies-potential-elevated-cancer-risk |url-status=live }} A 2018 investigation into the release of ethylene oxide—a sterilizing agent for the blood diagnostic and treatment devices—into the atmosphere showed no increased cancer risk for those in the neighborhood, and the EPA will continue to allow up to {{cvt|10000|lb|kg|disp=flip}} of ethylene oxide to be released annually. However, Terumo said they release only {{cvt|2500|lb|kg|disp=flip}} per year and are working to reduce that amount.

Acquisitions

In July 1999 Terumo acquired the cardiovascular division of 3M Company, and established Terumo Cardiovascular Systems Corp. in the USA.{{cite web|title=Terumo - About Us|url=http://www.terumomedical.com/aboutus/|access-date=1 August 2016|archive-date=29 July 2016|archive-url=https://web.archive.org/web/20160729214250/http://www.terumomedical.com/aboutus/|url-status=dead}}

In 1999, Terumo entered into a joint venture with the Kerala company Penpol.{{cite web |title=About Terumo Penpol |url=https://www.terumopenpol.com/about-us/ |website=terumopenpol.com |publisher=terumopenpol |access-date=8 June 2023}}

In 2001 the company made two more acquisitions: it acquired the home oxygen division of Sumitomo Bakelite Co., Ltd., and establish Terumo Medical Care K.K., and Ikiken Co., Ltd. of Japan.{{cite book |last1=Donzé |first1=Pierre-Yves |title=Medtech |date=2022 |publisher=Springer |location=Singapore |isbn=978-9811671746 |page=121 |url=https://books.google.com/books?id=Q2RXEAAAQBAJ&pg=PA121}}

In 2002 the company acquired UK-based Vascutek.{{cite web |title=Sunrise medical manufacturer merges with Scottish company |url=https://www.sun-sentinel.com/2018/04/24/sunrise-medical-manufacturer-merges-with-scottish-company/ |website=Sun Sentinel |date=24 April 2018}}{{cite web |title=Vascutek and Bolton Medical Merge as Terumo Aortic |url=https://evtoday.com/news/vascutek-and-bolton-medical-merge-as-terumo-aortic |website=Endovascular Today |language=en}}

Four years later, in 2006 the company ventured into a new field (endovascular coils for the treatment of cerebral aneurysms) by buying American company MicroVention Inc.{{cite web |title=MicroVention Celebrates 25 Years in Neuroendovascular Technologies that Improve Patient Lives |url=https://finance.yahoo.com/news/microvention-celebrates-25-years-neuroendovascular-113000806.html?guccounter=1 |website=Yahoo Finance |date=29 September 2022}}

The tissue heart valve division of Kohler Chemine GmbH was acquired in March 2007 and expanded Terumo's operations related to vascular prostheses.{{cite web |title=Research and Markets: Terumo Medical Device Company Intelligence Report 2011 |url=https://www.businesswire.com/news/home/20110225005310/en/Research-and-Markets-Terumo-Medical-Device-Company-Intelligence-Report-2011 |website=www.businesswire.com |language=en |date=25 February 2011}}

A year later the Japanese company Clinical Supply Co., Ltd. became a Terumo subsidiary and enhanced Terumo's interventional systems business in the field of radiotherapy.{{cite book |last1=Brucksch |first1=Susanne |last2=Sasaki |first2=Kaori |title=Humans and Devices in Medical Contexts: Case Studies from Japan |date=19 June 2021 |publisher=Springer Nature |isbn=978-981-336-280-2 |page=210 |url=https://books.google.com/books?id=MRg0EAAAQBAJ&pg=PA210 |language=en}}

In March 2011, the company bought U.S. medical device company CaridianBCT for around $2.6 billion. It was the largest acquisition by a Japanese medical equipment maker at the time.{{cite web |url=https://www.reuters.com/article/us-terumo-caridianbct-idUSTRE72613P20110307 |title=Terumo to buy U.S. medical device firm for $2.6 billion |publisher=Reuters |author=Mariko Katsumura |date=March 7, 2011 |access-date=March 17, 2014 |archive-date=September 24, 2015 |archive-url=https://web.archive.org/web/20150924151613/http://www.reuters.com/article/2011/03/07/us-terumo-caridianbct-idUSTRE72613P20110307 |url-status=live }}

The same year Harvest Technologies Corporation—point-of-care cell therapy—and Onset Medical Corp.—sheath technology designed for multiple, minimally-invasive clinical applications—was acquired.{{cite web | url=http://www.terumo.com/about/history.html | title=Terumo History | access-date=March 17, 2014 | archive-date=March 1, 2017 | archive-url=https://web.archive.org/web/20170301164757/http://www.terumo.com/about/history.html | url-status=dead }}

In 2018, after the acquisition of Bolton Medical, a merger with Vascutek Ltd. gave place to the new company Terumo Aortic, focusing on “expanding aortic treatment options.” {{cite web | url= https://www.terumo.com/newsrelease/detail/20180423/284 | title= Vascutek and Bolton Medical Merge as 'Terumo Aortic' | access-date=May 28, 2022 }}

References

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