Healthium Medtech launches CDSCO-certified facility in Ahmedabad

Mr. Jignesh Uteshiya, Director Uteshiya Medicare, said, "We are excited to have partnered with Healthium Medtech and look forward to manufacturing their patented arthroscopy portfolio in a completely green facility built using recycled materials, with built-in energy efficient systems, rainwater harvesting and onsite renewable energy generation. We are also optimizing and customizing operations for maximum efficiency with stringent quality control processes in place. Our most important capital is the perfect synergy of a green environment, competent talent and the effective use of global know-how through practical application."

Arthroscopy products are used to help treat various knee and shoulder conditions such as anterior cruciate ligament reconstruction, posterior cruciate ligament injuries and other ligament reconstruction and repair and meniscal repair. As per Frost & Sullivan report, the Indian arthroscopy devices market was valued at US$ 18.9 million in 2020, and estimated to reach US$ 47.1 million by 2025, implying a CAGR (2021-2025) of 18.6%. Arthroscopy accounts for 15-17% of total orthopaedic procedures carried out in India, and is one of the fastest growing orthopaedic procedures. The volume of arthroscopy procedures conducted, is likely to triple in the next 5-6 years. Key drivers for growth of procedures include a growing base of arthroscopy centres and practicing specialists.

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