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Omron Healthcare India aims at Rs 150 cr revenue in FY21

Ruchika SharmaWritten by Ruchika Sharma Published On 7 Sept 2020 6:46 AM  |  Updated On 23 Nov 2021 11:56 AM
Omron Healthcare India aims at Rs 150 cr revenue in FY21
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One of the key drivers for the growth is the rising awareness about the importance of home monitoring and management of blood pressure and respiratory ailments, he added.

New Delhi: Medical devices maker Omron Healthcare India is eyeing 27 per cent rise in revenue to Rs 150 crore in 2020-21 on the back of increased awareness about home monitoring among people, a top company official said on Sunday.

The company had a revenue of Rs 118 crore in 2019-20, Omron Healthcare said in a statement.

"We are expecting revenue of Rs 150 crore in the current financial year," OMRON Healthcare India Managing Director Masanori Matsubara told PTI.

One of the key drivers for the growth is the rising awareness about the importance of home monitoring and management of blood pressure and respiratory ailments, he added.

"The new normal created by the pandemic is enthusing people to be more careful about preventive healthcare. It is also propelling them towards finding remote and virtual ways of managing their health," Matsubara said.

This is evident in the rapid expansion of usage of telemedicine or teleconsultation which is further fuelling the need for home monitoring devices such as digital blood pressure monitors, infra-red and digital thermometers for temperature management as well as drug administrating devices like nebulizers for respiratory health management the three key market segments for the company, he added.

On the impact of COVID-19 pandemic on the company, Matsubara said: "COVID-19 has led to a significant rise in the awareness around the importance of good health. People have become more mindful of their lifestyle and preventive healthcare".

For the company, this has translated into more traction towards its home monitoring products especially the digital blood pressure monitoring range, he added.

"We have also ventured into telemedicine with the launch of India's first virtual and end-to-end hypertension management service along with PhableCare the AI-enabled healthcare management player,"Matsubara said.

All this has resulted in a surge in sales of blood pressure monitors by as much as 30 per cent in the post COVID-19 months, he added.

When asked about the geographical expansion plans of the company, Matsubara said: "As far as the untapped market goes, from the geographical point of view, we aim to target and create more awareness amongst the tier 2 to tier 4 cities, as the metro cities are still quite aware of the hypertensive condition and do well in terms of blood pressure monitor sales".

Another focus area is the rural population that also suffers from hypertension, he added.

Read also: Omron Healthcare, Lupin join hands to strengthen respiratory disease management facilities



omron healthcare indiaomron healthcare india newsfinancial resultsmedical devicesphablecarehome monitoringblood pressure monitors
Source : PTI
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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