Home >industry >manufacturing >US’ Merit Medical sets up India unit

Mumbai: US-based medical technology group Merit Medical Systems Inc., one of the large manufacturers of medical disposable devices in the world, opened its Indian operations in Bangalore on Wednesday.

The company, which wanted to have a direct presence in the fast growing Indian healthcare market, plans to make sizeable investments in the next few years in sales and marketing and also to set up infrastructure for product assembly locally.

“The key reason for our entry into the Indian market now with direct presence is due to the large need that has been generated for our products over the last 3-5 years," MMS president Joe Wright said in a statement. Over the next 5-10 years, the company has plans to invest in sales and marketing and set up basic infrastructure for product assembly and sterilization, Wright said.

Merit Medical, headquartered in Utah, posted revenue of around $330 million for the nine months ended 30 September and employs some 3,000 people worldwide.

Its primary products consist of inflation devices used in angioplasty and stent placement; diagnostic and therapeutic catheters used for various procedures in cardiology and radiology.

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