Chinese medical device maker Lepu Medical Technology (Beijing) Co. has entered the Indian market through a subsidiary and is keen to explore opportunities for local manufacturing as well as collaborations.
Fifth global subsidiary
Vice president Aaron Lin said Lepucare (India) Vascular Solutions Pvt. Ltd., the subsidiary, is the fifth such set up by the firm globally, with the U.S., the Netherlands, France and Turkey home to the other units.
The Chinese firm, whose turnover last year was a little more than $700 million, is engaged in development, manufacturing and distribution of high-tech medical devices, equipment, mobile medical service and pharmaceuticals.
The company plans to kick-start the India operations later this month and accordingly has recruited experienced professionals, Mr. Lin said here on Thursday.
Lepu’s product portfolio comprises coronary stents, dilatation balloon catheters, interventional accessories, occlusion devices and pacemakers. The whole range of PCI (percutaneous coronary intervention) products are to be introduced initially in the country.
A release from the company said India had grown into one of the prime markets for medical devices and equipment andLepu saw demand in India outpacing that of the leading markets in America and Europe.
Besides exploring local manufacturing, Lepu wants to form collaborations for tapping opportunities in the areas of telemedicine and mobile medical services, Mr. Lin said, replying to queries.
