 "Polymed eyeing blood banking sector in UP")
Poly Medicure Limited, which sells medical devices and disposables under the brand name Polymed, is looking to consolidate its leadership position in the respiratory, renal and blood banking sector in Uttar Pradesh (UP).
The Rs 394 crore company, Polymed has already drafted a strategy to tap the domestic & international market in a big way, Polymed VP (sales and marketing) Hemant Bhalla said renal, respiratory and blood banking markets were rapidly growing in India.
Starting with Lucknow, Polymed plans to introduce advanced range of respiratory care products, renal care products including machines, blood banking including equipment machine and DEHP & PVC free products to provide better patient care in UP.
The domestic market has grown robustly in the past few years to become potential investment field for players. Various factors such as prevalence of diseases, alarming rise in levels of pollution, sedentary lifestyle, poor food habits & increasing penetration of health insurance have contributed substantially to spur demand for these services in the country, he informed.
Polymed has planned to strengthen its sales team by adding additional 100 personnel and to increase dealer network by another 50% to increase hospital coverage.
The company is a leading medical devices manufacturer and exporter in India with dominant position in medical devices market. It has 6 manufacturing facilities in India and China with a joint venture in Egypt.
