Category — India Market Expansion

Roche Diagnostics Expands to India’s Smaller Cities

Roche Diagnostics is aiming at 15 percent share of India’s in-vitro diagnostics market in the next two years  said Shravan Subramanyam, managing director for Roche Diagnostics for  India & Neighboring Markets.

“We are also seeing consolidation of our customers, that is labs, and we would like to access tier II and tier III cities and rural markets through them and get a larger piece of the diagnostics market,” Subramanyam added.

Roche Diagnostic Devices

Currently the company sells devices and equipment to labs and hospitals and is mainly in the business-to-business space. For the next five years, the company will focus on women’s health, non communicable diseases:  diabetes, cardio vascular diseases, cancer and wellness segments. “But as India still has a very high burden of infectious diseases, we will continue to be in the space of infectious diseases,” Subramanyam affirmed. 

February 16, 2018   No Comments

Philips Launches AI Supported Imaging Solutions in India

Netherlands-based Philips has introduced three Artificial Intelligence-driven imaging solutions in India:

-> Access CT 32 Slice offers flexibility, better image quality, and diagnostic accuracy.

-> Ingenia Prodiva 1.5T MRI is built on dStream digital broadband technology and can accelerate patient throughput.

-> DuraDiagnost F30 Digital X-ray helps to simplify clinical decision-making and aims to improve outcomes for patients.

Philips Ingenia MRI Imaging Device

Philips Ingenia MRI Imaging Device

“The new offerings in MRI, CT and Digital X-ray are developed to help radiologists diagnose faster, more accurately, with the added benefit of lower ownership costs and better patient experience,” Rohit Sathe, president Philips Healthcare, India, said.

February 16, 2018   No Comments

Owens & Minor Acquires Halyard’s India Surgical Business

Alpharetta, GA-based Halyard Health will divest its India subsidiary surgical business to Virginia-based Owens & Minor for $710 million — a transaction that confirms investor appetite and growing opportunities in India’s healthcare sector.

The sale gives Halyard a singular focus on its medical devices business. The company said it would benefit from “a more simplified structure, enhanced management focus and significant firepower to invest in growth” through research and development and M&A.

Doctors conducting surgery

Halyard will provide IT and other transition services to Owens & Minor for at least one year after closing the deal as they integrate the acquired Surgical and Infection Prevention business. Owens & Minor will also offer transition services to Halyard.

February 16, 2018   No Comments

Amazon India May Launch In-House Beauty Products

Amazon India has increased focus on the high margin cosmetics category and might be in talks with local manufacturers to launch Amazon branded personal care products in India, according to a report in the Economic Times, which has been widely re-circulated by others.

Amazon LogoIndia’s online beauty and personal care market is expected to cross $3.5 billion by 2022 from about $300 million now. Sales of both international and Indian beauty brands are increasing. Ananth Narayanan, chief executive of Myntra and Jabong, both fashion and lifestyle e-commerce portals owned by Amazon’s competitor Flipkart said, “We are looking at a contribution of about 8% [from the beauty segment] to our overall revenue by 2020, from the current 1%.”  Shalini Raghavan, chief marketing officer, consumer products division, at L’Oreal India said, “We have definitely added consumers (from tier 2 and 3 towns) through our online presence. With our retail footprint alone, [we] would not have had the same access earlier.”

Amazon India is reportedly talking to contract manufacturers in a few categories within skincare and makeup. The company’s recent partnership with the Shoppers Stop chain of stores will build a steady distribution channel for its beauty products.

February 14, 2018   No Comments

Epicor Expands Tech Center in India

Austin, Texas-based Epicor Software Corporation, provider of industry-specific enterprise software announced the opening of new office premises for its existing technology center in Bangalore.

CEO Steve Murphy, who inaugurated the  center said, “India is an important part of our growth plans—with a solid distribution partnership and the expansion of our technology center in Bangalore, we are in a great position to achieve success in the region.”

Steve Murphy CEO, Epicor

Steve Murphy CEO, Epicor

The company is on or ahead of its projections for India since its regional customer base has been growing steadily, primarily in the manufacturing sector which has the potential of reaching $1 trillion by 2026. Many manufacturers in India are small to medium size businesses — a size that fits in the Epicor target market.

February 10, 2018   No Comments