Niche Healthcare Player

Opto Circuits (India) Limited (OCIL) is a $4.8 billion leading medical equipment manufacturing player making sensors and patient monitors. Established in 1992, this multinational medical device company is headquartered in Bengaluru. Some of the products manufactured by the company include patient monitors such as pulse oximeters, vital signs monitors, respiratory and anaesthetic care, Diagnostic and therapeutic cardiology devices and systems such as automated external Defibrillators, ECG systems, stress test systems, holter monitoring systems and related consumables and services. Over the years OCIL has diversified into invasive space, supplying stents for cardiac use like bare metal stents, drug eluting stents, coated balloons, peripheral coated balloons, replacement implants and catheters. The company is the original equipment manufacturers (OEM) for several global players such as Philips, Tyco-Nellcor and Epic Medical Equipment and some of the brands under which it sells are Quinton, eVision, Burdick, MediChek, Dior, Genius Magic and many more. The company has 168 patents, with 53 pending patent applications with markets in over a 100 countries with predominant business in North America, Europe and the four BRIC nations. STRENGTHS Agile Operations and Management: A lower cost base and an attractive pricing strategy have enabled the company’s stents to gain acceptance globally. A steady growth in the non-invasive segment and increasing acceptance of DIOR, a revolutionary cardiac balloon, in Europe would also drive its growth. The Criticare acquisition has further enabled it to diversify into gas monitoring system and strengthen its position in the USA. The quick turnaround in the recently acquired Cardiac Lifescience is impressive and would drive the future growth. Diversified business model: The company’s product suite includes medical equipment and interventional devices with s

This article was originally published on April 13, 2012.