Omron Healthcare India profits to surpass USD 21.93 million in FY21
Category: #health  By Nikita Chaurasia  Date: 2020-09-08
  • share
  • Twitter
  • Facebook
  • LinkedIn

Omron Healthcare India profits to surpass USD 21.93 million in FY21

 

  • Omron aims to record 27% spike in revenues by FY21
  • The revenue growth is attributed to rising cognizance regarding home monitoring systems

Omron Healthcare India, a leading medical devices manufacturer, is reportedly planning to generate revenues worth USD 21.93 million by the year 2021. Sources with relevant information stated that the upsurge in revenues is primarily attributed to the increasing consumer awareness pertaining to home monitoring following the COVID-19 pandemic.

It is to be noted that Omron Healthcare had initially reached a valuation of USD 16 million in 2020. The company claims to witness a 27% increase in revenues during the current financial year, sources claimed.

It appears that the enhancement in organization’s revenues is triggered by the rising cognizance about monitoring and managing respiratory ailments and blood pressure at home. The company has reportedly witnessed an 30% upsurge in sales of blood pressure monitoring systems post the virus outbreak

In this context, Masanori Matsubara, Managing Director of Omron Healthcare India, mentioned that the emergence of COVID-19 pandemic has compelled people to not only be careful, but also adopt preventive healthcare practices. He added that the coronavirus outbreak has forced people to find virtual or remote methods for optimal health management.

Matsubara further claimed that widespread adoption of teleconsultation and telemedicine services has impelled the demand for home monitoring devices such as drug administrating devices, infra-red and digital thermometers, and digital blood pressure monitors.

If sources are to be believed, Omron Healthcare is planning to create awareness regarding hypertension management in tier 2 and tier 4 cities. Another focus area for the company is the rural population which suffers from similar ailments, cited sources close to the company.

In other news, Omron Healthcare lately entered the telemedicine segment by partnering with AI-based healthcare management company PhableCare and introduced India’s first end-to-end virtual hypertension management service at home.

Source Credits –

https://medicaldialogues.in/news/omron-healthcare-india-aims-at-rs-150-cr-revenue-in-fy21-69312

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia    

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More

More News By Nikita Chaurasia

Syndax Pharmaceuticals reveals data from phase 1 trial of axatilimab
Syndax Pharmaceuticals reveals data from phase 1 trial of axatilimab
By Nikita Chaurasia

According to reliable sources, Massachusetts-headquartered clinical stage biopharmaceutical company, Syndax Pharmaceuticals Inc. has revealed an updated data from its Phase 1 trial of its patent axatilimab. The company will reportedly present the dat...

Xiaomi shares drop by 7.1% after raising USD 3.9 billion in equity deal
Xiaomi shares drop by 7.1% after raising USD 3.9 billion in equity deal
By Nikita Chaurasia

Shares of Xiaomi Corporation, a Chinese multinational electronics company, witnessed a 7.1% drop during Hong Kong trading after the company secured USD 3.91 billion in fund raising which also included the city’s top-up placement. The company h...

Supercom signs a supply contract of PureSecurity EM suite in Wisconsin
Supercom signs a supply contract of PureSecurity EM suite in Wisconsin
By Nikita Chaurasia

Israel-based leading provider of advanced solutions for cybersecurity, IoT (Internet of Things) and e-Government sectors Supercom has reportedly signed a supply agreement to deliver its PureSecurity EM (Electronic Monitoring) product suite in Wiscons...