Healthium to foray into urology space, to invest $5 mn in Kunigal plant

Healthium Medtech has been growing at 30% year-on-year and currently holds around 15-16% share in the Rs 20 billion wound closure market

After its acquisition by private equity major Apax Partners, India’s biggest surgical and wound care player Healthium Medtech is looking to expand its product portfolio, apart from expanding into newer geographies.

The Bengaluru-based company, formerly known as Sutures India, is planning to enter the urology segment by June. It is also setting up a new line at its existing plant in Kunigal (near Bengaluru), with an investment of $5 million, for urology products.

“The urology space is an evolving space, with a Rs 5-billion market size. We are looking at 15-20 per cent market share in three years,” Anish Bafna, chief executive