Chennai-based firm ties up with Biomet 3i of US.
Chennai-based medical technology firm Trivitron Healthcare has announced its foray into the dental technology solutions and services segment in collaboration with US-based dental implant manufacturer Biomet 3i.
Trivitron's new business unit, Trivitron Dental Technologies, would provide solutions and services in dental treatment sector, for dental implants, accessories, equipments and dental consumables. The company would cater to a dental implants market worth Rs 100 crore with a compounded annual growth rate of 35 per cent through its exclusive partnership with Biomet 3i.
At present, the dental implants, equipments and consumables market in India is around Rs 400-500 crore and is estimated to grow to Rs 1000 crore in next three to four years, according to Sameer Bhat, CEO, Trivitron Dental.
The industry, in its current scenario is extremely fragmented. Trivitron Dental Technologies will play a significant role in bringing about change and promotingindigenization and innovation of dental technology, he said. Through this association, Biomet 3i will make its entry into the Indian market.
Trivitron, which has been present in medical technology manufacturing and marketing activities and has a turnover of around Rs 400 crore at present, is planning to follow similar model in dental segment, looking for collaborations with technology leaders and enabling manufacturing of dental solutions in India, added the company.
The company is also aiming at offering indigenised and innovative technology solutions in the next three to five years as part of its target to become a global player in dental technology.