Philips To Increase Export Of Medical Equipment From India

According to Ranganathan, the HIC has more than 400 employees and has shipped products to more than 90 countries.

She said the centre had launched five products and filed four patents. Philips India gets more than 50 percent of its revenue from the healthcare vertical and the balance comes from consumer lifestyle and lighting products, Ranganathan said.

Speaking about Philips India's market position in the medical equipment market, Sameer Garde, president South Asia, Philips Healthcare, said the company gained market share in 2014 when the overall market remained flat.

According to him, India was one of the top markets for the group in the case of healthcare equipments.

Garde said the company leads the market in the MRI (magnetic resonance imaging), critical care, catheterization lab and homecare equipment. The company sees good growth in tier-II and -III cities.

He said Philips India is also mulling entering into home healthcare services in India. "We are considering to enter this segment by tying up with hospitals. We will be providing the equipment," Garde told IANS.

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