Top Medical Equipment Manufacturers in India

The Global Medical Device industry is poised for steady growth, with global annual sales forecast to rise by over 5% a year and reach nearly US$800 billion by 2030. List of Top Medical Equipment Manufacturers in India India among the highest 20 global medical devices market and 4th largest medical devices market in Asia after Japan, China, and Asian country. The medical device market continues to be dominated by imported products, which comprise around 70% of total sales. Here is that the List of Medical Equipment Manufacturers in India Medical Equipment Companies in India This is the list of Top Medical Device Companies in India which are sorted out supported the Sales.

1. Poly Medicure Ltd Poly Medicure manufactures over 125 products using state of the art technology in ultra-modern facilities & state of art technology covering over 400,000 square feet of producing floor space with about 100,000 square feet of cleanrooms of sophistication 100,000 to class 1,000 (ISO Class 7 & 8). • Total Sales: Rs 688 Cr • Market Cap: 2,711 Cr. • ROE: 17.98 % • Sales Growth (3Yrs): 14.06 % • Promoter holding: 48.76 % • Debt to equity: 0.37 • Price to book value: 6.64 A tool room with modern facilities & CNC machines supports the manufacturing processes. A high degree of automation and an efficient process control helps in delivering consistent product quality. To keep pace with the ever-changing market requirements, Polymed features a fully staffed and highly equipped R&D section approved by Ministry of Science & Technology Government of India to style & develop new and innovative products from Design to production in a very short period using rapid prototyping 3 D printer CAD/CAM technology, etc. Poly Medicure is that the largest Medical Equipment Manufacturers in India. the corporate is one amongst the most important Medical Equipment companies in India. Possess ultra-modern tool room with sophisticated machines like • CNC wire cut, • EDM and • Vertical Machining Center.

2. Opto Circuits (India) Limited

Opto Circuits Limited may be a multinational medical device company headquartered out of Bengaluru, India. the corporate design, develop, manufacture, market and distribute a variety of Medical Equipment Manufacturers products that are employed by healthcare establishments in additional than 150 countries.

The company is concentrate on vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies. the corporate products are US FDA listed and CE marked. a number of the well-known brands marketed by us are Criticare Systems, Mediaid, Unetixs Vascular, Eurocor and Cardiac Science.

In India, the corporate stock is publicly traded on the Bombay exchange (BSE) and also the National exchange (NSE). the corporate is additionally one in every of the most important Medical Equipment Manufacturers within the India.

 

 

3. Johari Digital Healthcare Ltd

Johari Digital Healthcare designs, develops, engineers and produces electronic medical devices to be distributed worldwide.

The Company core services range from design to development, electronics, and applied science, prototyping, system integration, packaging, Home Healthcare Devices and provide chain. Johari also helps clients with regulatory and compliance support to cut back product’s Time to plug.

• Market Value: 500 cr.

• Number of Employees: 200+

• Headquarter: Jodhpur, Rajasthan, India

• Company Website: www.joharidigital.com

Johari caters to its global clients from a 65,000 square measure, state-of-art medical device manufacturing facility in India, together with an R&D Center in Europe. Johari’s manufacturing portfolio includes innovative natural science products, diagnostic devices, and therapeutic devices.

Domestic manufacturing

India faces a substantial gap between the present demand and provide of medical devices, which is creating opportunities for manufacturing devices in India.

To boost domestic manufacturing of medical devices and attract investments in India, the department of pharmaceuticals has launched a Production Linked Incentive (PLI) scheme for domestic manufacturing of medical devices, with a complete outlay of funds worth INR 3,420 Crores for the amount FY21-FY28.