Taiwan’s Apex Medical forays into Indian healthcare market

 06-May-15, The Hindu Business Line

Taiwan’s Apex Medical Corp is foraying into India to tap the growing healthcare market and plans to initially invest ₹100 crore to market ‘quality and affordable’ equipment to hospitals and nursing homes.

Image: Apex Medical Corp

The $75-million company plans to launch its products through Apex Medical India in the field of respiratory therapy, such as asthma and sleep apnea, followed by surface support products like bubble mattresses for bed-ridden patients, and table-top sterilisation equipment for use by dentists, opthamologists, etc..

The company, which has a range of about 100 products, said it had been looking for the “right time’ to invest in India, which has a healthcare market that is growing at 12-15% a year. Local manufacturing in India may follow once economies of scale at home in Taiwan have been maximised.

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