GS-PAPER III- IAS MAINS- TOPIC- ECONOMIC DEVELOPMENT -MEDICAL TOURISM TO SPUR GROWTH : OPTO CIRCUITS


 

·         Medical devices company Opto Circuits India is eyeing growth from emerging areas such as medical tourism and luxury healthcare from both domestic and international business.

·         Medical tourism and luxury healthcare markets, among India’s fastest growing industries, create significant demand for specialised, high-tech medical equipment.

·         The company specialises in vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies.

·         Its products are exported to more than 150 countries.

·         The Indian medical devices market, currently estimated at $4.8 billion, is growing steadily.

·         The company has decided to focus on research and development to come out with devices that are technologically superior in the market.

 

Source : The Hindu

10.03.2019

 

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