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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
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