LyncMed

About LyncMed

LyncMed, officially known as Lyncmed Medical Technology (Beijing) Co., Ltd., was established in 2015 and is headquartered in Beijing, China. The company was founded by Wang Peng, who serves as the CEO. His background in logistics, supply chain, and a six-year tenure in the global procurement department at Hospira (now part of Pfizer) in Chicago provided him with the foundational expertise to address inefficiencies in the medical supply industry. LyncMed has achieved several funding milestones, including a Series B+ round of $20 million in May 2019. Investors in the company include InnoVen Capital, 5Y Capital, Chunxiao Capital, and Intco Medical, among others.

The firm operates as a comprehensive B2B platform for medical devices and consumables, functioning as both a manufacturer and a trading company. Its business model is centered on streamlining the procurement process for healthcare providers by offering a "one-stop shopping" experience, thereby aiming to lower healthcare costs. LyncMed directly connects with manufacturers, many of whom are CE and FDA certified, to bypass lengthy traditional supply chains that involve multiple intermediaries. The company serves a diverse client base that includes hospitals, clinics, nursing homes, private medical practices, and dental clinics across the globe. To support its international operations, LyncMed has established overseas warehouses and branch companies in locations such as the USA, Italy, Spain, Germany, and Mexico.

LyncMed's product portfolio is extensive, encompassing a wide array of medical disposables and consumables. The company sells products developed in-house as well as those from other leading medical brands. Key product categories include disposable items like gloves, face masks, gowns, and caps, in addition to products for wound care, incontinence, dental procedures, and surgical supplies. The platform gives customers online access to purchase these items, with LyncMed managing quality control, cross-border shipping, and customer service to ensure an efficient and cost-effective procurement experience.