Poly Medicure - Moving Up The Value Chain In Medical Devices: Systematix

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Systematix Research Report.We met the management of Poly Medicure Ltd. which is one of the largest manufacturer and exporter of disposable medical devices in India. The company derives 34% of its revenue from the domestic market, with the remaining from exports. Focus on quality and automation are the pivots on which it has secured regulatory export approvals for multiple advanced markets like Europe and Latin America. These markets make up for ~60% of their export revenue. Poly Medicure also has a minor presence in the U.S., which it is targeting to scale up by augmenting its product filings. The management expects approvals for the U.S. market to happen shortly, after which the U.S. exports should ramp up. With over years of presence in the disposable medical device space, Poly Medicure has built a large diversified product basket, which includes multiple patented products. They continue to move up the value chain to ensure they are able to maximize the relationships they have built with customers (hospitals and distributors)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Poly Medicure - Moving Up The Value Chain In Medical Devices: Systematix

The medical device market is currently dominated by MNC players and Poly Medicure is gradually making inroads here.

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