5 Leading Medtech Companies of Mumbai

As the world navigates its recovery from the aftermath of the COVID crisis, a profound realization has dawned upon us—the paramount importance of health and the imperative need for a robust healthcare infrastructure.

In the contemporary landscape, the role of physicians alone is no longer sufficient; there arises a pressing demand for advanced healthcare allies that enhance our efficacy and streamline processes.

Enter medical technology—a transformative force that has revolutionized healthcare standards and seamlessly adapted to the evolving needs of the era.

At the forefront of this paradigm shift lies India, a bastion of medical innovation, with Mumbai, its financial capital, making significant strides in the realm of medical technology.

In this discourse, we delve into the MedTech segment of Mumbai, spotlighting the trailblazing companies that epitomize excellence and innovation in meeting the demands of the modern era.

Join us as we explore the top MedTech companies in Mumbai, each setting a new benchmark in healthcare innovation and adaptation to contemporary needs.

Medikabazaar

Medikabazaar, founded by Ketan Malkan and Vivek Tiwari, has transformed medical supply procurement through its online B2B marketplace.

It claims to be the largest e-commerce platform for medical supplies in India, with a digital catalog featuring over 400,000 products. The platform enables hospitals across 20,000 pin codes, including Tier-II and III cities and remote locations, to compare specifications and prices in real-time.

In FY23, Medikabazaar achieved a gross merchandise value (GMV) exceeding $536 million and a net revenue ranging between $70-80 million. The company aims to capture 2-3% of India's healthcare supplies market within the next five years.

Utilizing technology, Medikabazaar streamlines supply chain operations and is actively seeking significant investment to drive expansion and explore acquisition opportunities.

Analytical And Medical Technologies

Analytical And Medical Technologies, led by Analytical Technologies Limited in India, is a leading manufacturer, supplier, and exporter of laboratory instrumentation.

Established in 2006 by Anil Ramachandran, the company specializes in analytical, chromatography, spectroscopy, biotechnology, biomedical, clinical diagnostics, and material science equipment.

Known for its wide range of offerings, including dental lasers, medical sterilizers, procto laser machines, and medical lasers, Analytical And Medical Technologies sources its equipment from renowned manufacturers in Canada, Germany, France, and the United States. This ensures the provision of cutting-edge technology to healthcare practitioners.

With a focus on safety and adherence to international standards, Analytical And Medical Technologies remains dedicated to delivering safe and effective products.

SYS Medtech International

SYS Medtech International, is a global medical device company committed to making advanced medical technologies accessible worldwide.

With a presence in 69 countries, the company has been recognized by the Government of India for its contributions to cardiovascular healthcare.

Specializing in the distribution of orthopedic surgical instruments and implants for various therapy areas, including trauma, spine, arthroscopy, THR/Bipolar, and PRP & Bone Marrow, SYS Medtech serves esteemed institutions including Kokilaben Dhirubhai Ambani Hospital, Jaslok Hospital, and Breach Candy Hospital.

By collaborating closely with medical device manufacturers, the company aims to expand its primary business verticals, particularly in orthopedics, trauma, and spine.

The company has received a Certificate of Best Distribution in Spine Business for the year 2016-17 from India Medtronic, and the Target Achiever Award for Arthroscopy from Stryker India in 2019.

Schiller Healthcare India

Schiller Healthcare India (SHIPL), a subsidiary of SCHILLER founded by Alfred E Schiller in 1997, is a prominent provider of medical technology solutions.

Located on Mahatma Gandhi Road in Mumbai, SHIPL boasts a vast network of sales and service personnel spanning over 45 locations. With two production centers and an R&D facility, the company ensures the highest quality standards in its products.

For the financial year ending on 31 March 2022, SHIPL reported operating revenues ranging between INR 100 Cr to 500 Cr, demonstrating significant growth with notable increases in EBITDA and book net worth.

Focused on leveraging cutting-edge medical technology, SHIPL's product range includes critical care, anesthesia, emergency care, cardiology, pulmonology, radiology, and robotics. These offerings empower healthcare practitioners and contribute to improved patient outcomes.

Eclipse Prism Medical Devices

Eclipse Prism Medical Devices is a leading manufacturer of medical devices specializing in electrosurgery and surgical lighting.

The company's mission is centered around providing high-quality medical equipment tailored for developing countries and emerging markets worldwide.

With a 6000 sq ft manufacturing facility, along with an additional 2000 sq ft dedicated to design and development, Eclipse Prism emphasizes innovation and quality in its products.

Despite operating revenues ranging between INR 1 Cr to 100 Cr, the company remains focused on delivering cutting-edge medical equipment for electrosurgery and surgical lighting under its product brands Eclipse and Prism.

Disclaimer: This article serves as a factual representation and does not intend to promote any specific company. The ranking order in the article is arbitrary and not presented in any particular order. The information provided is based solely on data gathered from company websites and other publicly available sources.