Fujifilm India is planning to expand its medical devices business into high-end screening machines with an eye on both the domestic market and exports, said a senior executive from the company.
The company is expecting growth of around 15 per cent for the medical equipment business. It offers diagnostic imaging and information systems for health care facilities.
It is looking at launching high-end screening machines in India and also look at exporting the products to various overseas markets, said Yasunobu Nishiyama, MD, Fujifilm India.
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“We will first establish these products in India and would look at exports to South East Asia and Middle East market,” he said on the sidelines of a meeting to announce the tie-up of the company with Sri Ramachandra University, Chennai, for installation of its advanced breast cancer diagnostic machine.
The company relies on third-party manufacturers in India for manufacturing its products. But, the plans are in a nascent stage.
Nishiyama said Fujifilm didn’t have plans to set up a manufacturing plant for medical devices in India but it would consider it later, if the volumes are high. The company has 47 to 50 per cent market share in the computer radiography, imager and film business in the country, which has a total market size of around 5,500 systems per year and is growing at 10-15 per cent.
The medical equipment business of Fujifilm India was around 46 per cent of the total Rs 1,000 crore business of the company last year, said Chander Shekhar Sibal, executive vice-president, head of medical division, Fujifilm India.
