India is the 4th largest Medical Devices Market in Asia. It is currently valued at $11 Billion and contributes 4-5% to the $132.84 billion Indian Healthcare Industry. By 2025, it is definitely expected to reach $50 billion.
Over the years, the industry has thrived in terms of deepening its prowess in the value chain across various device segments; be it developing Consumables & Disposables, Dental Products, or manufacturing Diagnostic Imaging Devices, patient aids, Orthopaedics products, and many more. The Medical Devices Industry holds the potential to emerge as a global leader across all device segments.
Best Medical Devices Companies In India are:
Browndove
Browndove is a leading medical device company that provides the whole spectrum of dialysis medical devices to the renal care community. The company designs and manufactures a wide range of devices like blood tubing sets, dialysers, AV fistula needles, transducer protectors, haemodialysis catheters, on-off kits, dialysate fluid/concentrate, sodium bicarb, sodium chloride and dialysate mixer.
Browndove is equipped with state-of-the-art facilities that are fully integrated from inward inspection of raw materials to outward finished products ensuring adherence to high-quality global standards.
CellBios
CellBios is India’s first and Asia’s second-largest manufacturer of Freezing bags and Transfer bag sets for the cord blood industry.
It was established in 2008 with an aim to serve business segments such as Biotech (Bio-banking, Bioprocess, Bio-Pharmaceuticals, Cryopreservation and single-use disposables) and Medical (Blood Banking, Bone Marrow Transplantation, Gastro Care, Cell Therapy, Renal Care, Stem cell Banking Surgicare, Respiratory Care, and Urocare).
Cupid Limited
Cupid Limited is a prominent manufacturer & supplier of Male Condoms, Female Condoms, and Lubricant Jelly & IVD Kits. It is the only company in the world to have been Pre-Qualified by WHO/UNFPA for the supply of Male & Female condoms. The company was established as a Public Limited Company in 1993 with the Registrar of Companies, Maharashtra. It is listed on BSE (Bombay Stock Exchange) in 1995 and NSE (National Stock Exchange) in 2016.
The company is headquartered in Nashik, Maharashtra, India where it has its modern, cutting-edge manufacturing facility to facilitate world-class manufacturing of quality products.
Hindustan Syringes & Medical Devices
Another significant medical company in the list is Hindustan Syringes & Medical Devices which was established in 1957. With an aim to help save human lives across the globe, HMD manufactures many medical products like Single-use Syringes, Single-use Needles, I.V.Cannulas, Safety I.V.Cannulas, Surgical Blades, Scalpels, Scalp Vein Sets, Nonreusable Syringes (AD), Blood collection tubes, Blood collection needle, Blood Collection Set, Pen Needle, and many more.
HMD has established itself as a pioneer in manufacturing medical devices. Thus, it aims to maintain International Standards at all costs; thereby offering cutting-edge medical consumables to a highly demanding global market.
Lotus Surgicals
An integrated manufacturing facility, Lotus Surgicals designs, develops and manufactures medical devices using high-end technology under clean room conditions. It is spread over an area of 15,000 square feet with a total of 10,000 clean rooms of varying sizes.
The company lives with a mission to manufacture high-quality medical devices consistently with an abiding concern for human life and deep regard for human values. It follows a Quality Management System (QMS) for the manufacturing of each medical device.
Medinnova Systems
Medinnova is another leading company in the Medical Devices Sector that is based in Vadodara with 50,000 sq ft of operation. The company provides independent services, inspections, turn-key setup, refurbishes, and trades in medical equipment. It thrives to offer a one-stop solution to the healthcare fraternity worldwide.
Medinnova specialises in setting up complete Operating Rooms, Emergency Rooms, Intensive Care Units, and Imaging Centers. With the motto of facilitating better healthcare, Medinnova is dedicated to delivering high-quality services that eventually benefit the patients and at the same time increase the utilization rate of equipment at each facility.
Panache Healthneeds
With a commitment to change the lives of women via world-class technologies, a highly accredited organisation, Panache Healthneeds was founded in 2021. It delivers an extensive range of distinguished medical devices, aimed at labour pain management, specifically designed for the wellness of mother and baby.
The company is headquartered in Chennai, Tamil Nadu and is incorporated under the Ministry of Corporate Affairs, Govt. of India as a Private Limited company. All the products that Panache Healthnneeds deals in, are CE-certified and FDA-approved.
RCH Orthopaedics
Founded in 2003 by visionary Hemkumar Patel, RCH Orthopaedics sets out to revolutionize the field of Orthopaedic care with a commitment to developing innovative, high-quality medical devices. Over time, RCH Orthopaedics garnered significant acclaim from Orthopaedic surgeons for its superior products.
RCH Orthopaedics is on a mission to advance healthcare through innovation, excellence and accessibility. Its journey from a research-focused start-up to a prominent player in Orthopaedic care reflects its dedication to innovation.
REMI Elektrotechnik Limited
REMI Elektrotechnik Limited is an Indian original equipment manufacturer, incepted in 1960 to emerge as an undisputed industry leader in manufacturing Laboratory/Magnetic Stirrers & Centrifuges, & Blood Bank Refrigerators/Freezers catering to over 50% of the total Indian demand. The company has a strong national presence across 17 different cities in India and exports to more than 60 countries.
REMI Elektrotechnik started its operations as a small factory for manufacturing fractional H.P. Motors and Laboratory Stirrers in 1960 but has today grown into a top-class multi-equipment manufacturer, earning name and fame in the entire medical device industry.
Scope Medical
Incepted in 2006 in Ambala (Haryana), Scope Medical Devices Pvt Ltd. (SCOPE) is a foremost Indian manufacturer and exporter of Laryngoscopes, a medical device used to illuminate and obtain a view of the vocal cords and glottis.
What differentiates SCOPE from other companies is the overall control of manufacturing procedures and in-house production. The company uses the best quality raw materials and adopts technologically advanced manufacturing machinery and processes.
Thermolab Scientific Equipments
Standing tall as a prominent company in the Pharmaceutical Machine Manufacturing industry, Thermolab has been delivering services globally for over 5 decades.
To become an internationally recognized service provider, Thermolab ensures to provide a complete array of technologies, capacities, infrastructure, manufacturing capabilities, and human assets all under one roof.
*All the names have been arranged in an alphabetical order, and it is not a ranking.
