Microlife (GTSM: 4103 TT) is the world’s largest manufacturer of digital thermometers with 50% global market share (20% under its own brand Microlife), the world’s #2 maker of blood pressure monitors with 17-18% market share (60% under its own brand Microlife) and the largest maker of electric flexible heating blankets in the U.S. with 50% market share. Founded in 1981, Microlife was listed on the GTSM (GreTai Securities Market) in March 2001 and has 2,400 employees. Key rivals include Japan’s Omron (6645 JP, MV $9.6bn), Germany’s medium-sized family-owned Beurer GmbH.
What Makes It a Wide-Moat Business?
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