Medical devices company Opto Circuits India is eyeing growth from emerging areas such as medical tourism and luxury healthcare, a top company executive said. “Medical tourism and luxury healthcare markets, among India’s fastest growing industries, create significant demand for specialized, high-tech medical equipment,” Vinod Ramnani, chairman, Opto Circuits India, said in a statement. “We have streamlined all our businesses and on the path of delivering healthy growth for the next two to three years,” he said. Going forward, the company expects growth from both domestic and international business, he said. The company specializes in vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies. Its products are exported to more than 150 countries.
Considering that the Indian medical devices market, currently estimated at USD 4.8 billion, is growing steadily, the company has decided to focus on research and development to come out with devices that are technologically superior in the market. – TOI