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Iradimed's Business Segments
Iradimed's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
7
Largest Segment
Device Revenue
Total Revenue
$ 20
Regions Reported
1
Revenue Share by Reportable Segment - FY
- Device Revenue0%
- MRI Compatible IV Infusion Pumps68.9%
- MRI Compatible Patient Vital Signs Monitoring Systems67.3%
- Disposable Revenue47.3%
- MRI Compatible Intravenous IV Infusion Pump Systems37.6%
- Service10.3%
- Services and other6.9%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Device Revenue | $ 29 | - |
| MRI Compatible IV Infusion Pumps | $ 14 | 68.9% |
| MRI Compatible Patient Vital Signs Monitoring Systems | $ 14 | 67.3% |
Revenue Share by Region - FY
- Non-US18.3%
Revenue by Geographic Region - FY
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Non-US | $ 4 | 18.3% |
Revenue by Product & Service Category - FY
- Device Revenue67.7%
- MRI Compatible Patient Vital Signs Monitoring Systems32.6%
- MRI Compatible IV Infusion Pumps31.4%
- Disposable Revenue23.4%
- Service5.2%
- Amortized Revenue3.7%
- Ferro Magnetic Detection Systems3.7%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Device Revenue | $ 14 | 67.7% |
| MRI Compatible Patient Vital Signs Monitoring Systems | $ 7 | 32.6% |
| MRI Compatible IV Infusion Pumps | $ 6 | 31.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
4 more categories available
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Annual Results
Revenue Share by Reportable Segment - FY
- Device Revenue0%
- MRI Compatible IV Infusion Pumps68.9%
- MRI Compatible Patient Vital Signs Monitoring Systems67.3%
- Disposable Revenue47.3%
- MRI Compatible Intravenous IV Infusion Pump Systems37.6%
- Service10.3%
- Services and other6.9%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Device Revenue | $ 29 | - |
| MRI Compatible IV Infusion Pumps | $ 14 | 68.9% |
| MRI Compatible Patient Vital Signs Monitoring Systems | $ 14 | 67.3% |
4 more segments available
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Description of Iradimed
Iradimed Corporation is a medical device company that specializes in the development and manufacturing of innovative magnetic resonance imaging (MRI) compatible patient care products, including infusion pumps and vital signs monitoring systems. The company was founded in 1992 and is based in Winter Springs, Florida.
Iradimed's products are designed to safely operate in the MRI environment, where the presence of strong magnetic fields can pose challenges for maintaining patient safety and accurate monitoring. The company's line of MRI-compatible infusion pumps and IV administration sets enable precise and efficient delivery of fluids and medications to patients undergoing MRI procedures. These pumps are built with non-magnetic materials and utilize an intravenous pressure sensing technology to provide real-time monitoring and precise control of infusion rates, ensuring patient safety and optimizing MRI image quality.
In addition to infusion pumps, Iradimed offers MRI-compatible vital signs monitoring systems, known as the INVIVO series. These systems enable continuous and accurate measurement of patients' vital signs, such as blood pressure, heart rate, oxygen saturation, and temperature, while they are inside the MRI scanner. The INVIVO series includes a range of non-magnetic and wireless monitoring devices that seamlessly integrate with existing MRI equipment.
Iradimed's products are widely used in hospitals and healthcare facilities across the globe, offering a safe and efficient solution for patient care during MRI procedures. The company's dedication to providing high-quality, reliable, and MRI-compatible medical devices has garnered recognition and trust from clinicians and healthcare professionals.
Iradimed Corporation's commitment to innovation is reflected in their continuous research and development efforts. The company invests heavily in engineering and design to stay at the forefront of MRI-compatible patient care technology. They collaborate with medical professionals, clinical experts, and industry partners to address the evolving needs of the healthcare industry and improve patient outcomes.
Furthermore, Iradimed maintains a strong focus on quality assurance and regulatory compliance. The company adheres to strict manufacturing standards and regulatory requirements to ensure that their products meet the highest safety and performance standards. Iradimed is ISO 13485 certified and operates under the guidelines set forth by the U.S. Food and Drug Administration (FDA) and other prestigious regulatory bodies.
In conclusion, Iradimed Corporation is a leading medical device company specializing in the development and production of MRI-compatible patient care products. With their range of infusion pumps and vital signs monitoring systems, they provide healthcare professionals with safe and reliable solutions for managing patients undergoing MRI procedures. The company's commitment to innovation, quality, and regulatory compliance has positioned them as a trusted provider of advanced medical technology in the field of MRI-compatible patient care.
Iradimed's products are designed to safely operate in the MRI environment, where the presence of strong magnetic fields can pose challenges for maintaining patient safety and accurate monitoring. The company's line of MRI-compatible infusion pumps and IV administration sets enable precise and efficient delivery of fluids and medications to patients undergoing MRI procedures. These pumps are built with non-magnetic materials and utilize an intravenous pressure sensing technology to provide real-time monitoring and precise control of infusion rates, ensuring patient safety and optimizing MRI image quality.
In addition to infusion pumps, Iradimed offers MRI-compatible vital signs monitoring systems, known as the INVIVO series. These systems enable continuous and accurate measurement of patients' vital signs, such as blood pressure, heart rate, oxygen saturation, and temperature, while they are inside the MRI scanner. The INVIVO series includes a range of non-magnetic and wireless monitoring devices that seamlessly integrate with existing MRI equipment.
Iradimed's products are widely used in hospitals and healthcare facilities across the globe, offering a safe and efficient solution for patient care during MRI procedures. The company's dedication to providing high-quality, reliable, and MRI-compatible medical devices has garnered recognition and trust from clinicians and healthcare professionals.
Iradimed Corporation's commitment to innovation is reflected in their continuous research and development efforts. The company invests heavily in engineering and design to stay at the forefront of MRI-compatible patient care technology. They collaborate with medical professionals, clinical experts, and industry partners to address the evolving needs of the healthcare industry and improve patient outcomes.
Furthermore, Iradimed maintains a strong focus on quality assurance and regulatory compliance. The company adheres to strict manufacturing standards and regulatory requirements to ensure that their products meet the highest safety and performance standards. Iradimed is ISO 13485 certified and operates under the guidelines set forth by the U.S. Food and Drug Administration (FDA) and other prestigious regulatory bodies.
In conclusion, Iradimed Corporation is a leading medical device company specializing in the development and production of MRI-compatible patient care products. With their range of infusion pumps and vital signs monitoring systems, they provide healthcare professionals with safe and reliable solutions for managing patients undergoing MRI procedures. The company's commitment to innovation, quality, and regulatory compliance has positioned them as a trusted provider of advanced medical technology in the field of MRI-compatible patient care.
Iradimed Corporation is a medical technology company that specializes in the development and manufacturing of innovative products and services, primarily aimed at enhancing patient safety and improving the quality of care in MRI (Magnetic Resonance Imaging) environments. Below is an extensive overview of the segments, products, and services that Iradimed Corporation offers.
Segments
1. MRI-Compatible Products: This segment focuses on designing and manufacturing medical devices that are safe for use in MRI environments. Iradimed’s key focus is on reducing risks associated with traditional devices that may contain metal components that can interfere with MRI imaging or pose hazards during MRI scans.
2. Patient Monitoring Solutions: Iradimed develops and provides advanced patient monitoring systems specifically designed for use in MRI environments. These solutions aim to enhance the monitoring of patients during their imaging procedures while maintaining compatibility with MRI technology.
3. Anesthesia Delivery Devices: The company produces innovative anesthesia delivery products that are also MRI-compatible, ensuring that anesthesia can be safely administered to patients undergoing MRI scans without compromising the imaging quality or placing patients at risk.
4. Service and Support: This segment includes a range of services that support customers in training, installation, maintenance, and repair of Iradimed’s products. The goal is to ensure seamless use of their technologies and to enhance customer satisfaction through comprehensive support.
Products
1. MRI-Compatible Infusion Systems:
- Iradimeds infusion systems are specially designed to be safe for use in the MRI suite. These systems allow for continuous drug delivery to patients during their scans.
- Features may include wireless operation, integration with patient monitoring systems, and a focus on accuracy in drug delivery.
2. MRI-Compatible Patient Monitors:
- Iradimed provides patient monitoring systems that are capable of remote monitoring in an MRI environment.
- These monitors typically feature capabilities for tracking vital signs such as heart rate, blood pressure, and oxygen saturation, all while ensuring electromagnetic compatibility with MRI machines.
3. MRI-Compatible Anesthesia Machines:
- The anesthesia machines developed by Iradimed are designed to function without interfering with MRI imaging.
- This range might include features such as intuitive controls, advanced ventilation options, and precise gas delivery systems tailored for the MRI settings.
4. Patient Safety Products:
- A line of products aimed at improving patient outcomes during MRI scans. This can include specialized safety equipment or accessories designed to assist healthcare providers in ensuring patient comfort and security.
5. MRI-Compatible Accessories:
- These include various accessories that support the operation of MRI machines and patient care, such as specialized MRI-safe wiring, electrodes for monitoring, and other disposables that are critical during imaging procedures.
Services
1. Customer Training Programs:
- Iradimed provides training for healthcare professionals on the proper use of their products, ensuring that customers are equipped to utilize the technologies effectively and safely.
- This can include hands-on workshops and training sessions that focus on both the practical and theoretical aspects of using their medical devices in MRI environments.
2. Technical Support and Maintenance:
- The company offers ongoing technical support to customers, providing assistance as needed for installation, troubleshooting, and maintenance of their products to ensure optimal performance.
- This could involve remote support systems as well as field service technicians who can assist in-person when required.
3. Regulatory Compliance Advice:
- Iradimed assists its clients in navigating the complex landscape of medical device regulation, ensuring that their practices and equipment comply with local and international standards for patient care and safety.
4. Partnership and Collaboration:
- The company actively seeks partnerships with medical institutions, research organizations, and other stakeholders to enhance the development of MRI-compatible technologies and improve patient outcomes.
In summary, Iradimed Corporation operates at the intersection of healthcare and advanced technology, focusing on the development of MRI-compatible products and services that promote safety, efficacy, and improved patient experiences in medical imaging environments. Their comprehensive range of products, from infusion systems to patient monitors, combined with robust training and support services, demonstrates their commitment to innovation in medical technology.
Segments
1. MRI-Compatible Products: This segment focuses on designing and manufacturing medical devices that are safe for use in MRI environments. Iradimed’s key focus is on reducing risks associated with traditional devices that may contain metal components that can interfere with MRI imaging or pose hazards during MRI scans.
2. Patient Monitoring Solutions: Iradimed develops and provides advanced patient monitoring systems specifically designed for use in MRI environments. These solutions aim to enhance the monitoring of patients during their imaging procedures while maintaining compatibility with MRI technology.
3. Anesthesia Delivery Devices: The company produces innovative anesthesia delivery products that are also MRI-compatible, ensuring that anesthesia can be safely administered to patients undergoing MRI scans without compromising the imaging quality or placing patients at risk.
4. Service and Support: This segment includes a range of services that support customers in training, installation, maintenance, and repair of Iradimed’s products. The goal is to ensure seamless use of their technologies and to enhance customer satisfaction through comprehensive support.
Products
1. MRI-Compatible Infusion Systems:
- Iradimeds infusion systems are specially designed to be safe for use in the MRI suite. These systems allow for continuous drug delivery to patients during their scans.
- Features may include wireless operation, integration with patient monitoring systems, and a focus on accuracy in drug delivery.
2. MRI-Compatible Patient Monitors:
- Iradimed provides patient monitoring systems that are capable of remote monitoring in an MRI environment.
- These monitors typically feature capabilities for tracking vital signs such as heart rate, blood pressure, and oxygen saturation, all while ensuring electromagnetic compatibility with MRI machines.
3. MRI-Compatible Anesthesia Machines:
- The anesthesia machines developed by Iradimed are designed to function without interfering with MRI imaging.
- This range might include features such as intuitive controls, advanced ventilation options, and precise gas delivery systems tailored for the MRI settings.
4. Patient Safety Products:
- A line of products aimed at improving patient outcomes during MRI scans. This can include specialized safety equipment or accessories designed to assist healthcare providers in ensuring patient comfort and security.
5. MRI-Compatible Accessories:
- These include various accessories that support the operation of MRI machines and patient care, such as specialized MRI-safe wiring, electrodes for monitoring, and other disposables that are critical during imaging procedures.
Services
1. Customer Training Programs:
- Iradimed provides training for healthcare professionals on the proper use of their products, ensuring that customers are equipped to utilize the technologies effectively and safely.
- This can include hands-on workshops and training sessions that focus on both the practical and theoretical aspects of using their medical devices in MRI environments.
2. Technical Support and Maintenance:
- The company offers ongoing technical support to customers, providing assistance as needed for installation, troubleshooting, and maintenance of their products to ensure optimal performance.
- This could involve remote support systems as well as field service technicians who can assist in-person when required.
3. Regulatory Compliance Advice:
- Iradimed assists its clients in navigating the complex landscape of medical device regulation, ensuring that their practices and equipment comply with local and international standards for patient care and safety.
4. Partnership and Collaboration:
- The company actively seeks partnerships with medical institutions, research organizations, and other stakeholders to enhance the development of MRI-compatible technologies and improve patient outcomes.
In summary, Iradimed Corporation operates at the intersection of healthcare and advanced technology, focusing on the development of MRI-compatible products and services that promote safety, efficacy, and improved patient experiences in medical imaging environments. Their comprehensive range of products, from infusion systems to patient monitors, combined with robust training and support services, demonstrates their commitment to innovation in medical technology.
