Japanese Photography and imaging company Fujifilm has forayed into endoscopy segment here and expects it to contribute around 10 per cent of its total Indian medical business in FY 2018-19, said a top company official.
Fujifilm India will continue to build its portfolio in the endoscopy segment by expanding its line-up and associations with various medical institutions to strengthen its foothold in the medical business here as the company eyes double digit growth next year, the Japanese firm said.
In FY2017-18, Fujifilm India posted a turnover of 1,100 crore, in which medical business was a major contributor.
"Around 50 per cent of the total revenue was generated by Fujifilm's medical business," Iwata added.
Presently, medical endoscopy in India is around Rs 300 crore market, in which players such as Olympus, Pentax and some domestic players operate.
"The move will help the company to strengthen its foothold in the medical business in India," he said, adding that "Fujifilm India will continue to build their portfolio by expanding their line-up and associations with various medical institutions to strengthen its foothold in the medical business in India".
Fujifilm is a leading player in the diagnostic imaging space, addresses product categories like computed radiography, digital radiography, digital mammography, dry imager, film and screen, endoscopy and point-of-care testing products/clinical chemistry system in India.
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