We operate in two business segments within the medical device industry: Intensive-care devices used in critical care areas in hospitals and Soft-tissue core biopsy systems used in definitive diagnosis for infective and cancer pathologies.
We have developed a range of ICU devices for mid-tier markets in India: primarily consisting of small and mid-sized hospitals and markets in emerging and developing countries. These product ranges include syringe pumps, infusion pumps, a range of multi-parameter patient monitors, and mechanical ventilators for different care areas. We have integrated market-validated, world-class OEM technologies in our designs and optimized the supply chain to offer customizable products to meet the changing demands of our mid-range healthcare facility customer base.
Our subsidiary IndioLabs is developing an innovative, organ-specific, soft-tissue core biopsy system that combines three patented technologies. We are addressing the shortcomings of existing core biopsy devices, such as the Tru-Cut needle-based biopsy devices. We believe our patented technologies simplify the complex biopsy procedure largely restricted to tertiary care healthcare facilities. In doing so, we believe our technologies have the potential to unleash latent and early demand for biopsy tissue-based definitive diagnostics in secondary care facilities as well.
We intend to sell our products primarily to distributors, hospitals, clinics, government agencies, OEM, and ODM customers. We are establishing nationwide distribution, sales, and service networks in India. In addition, we intend to expand sales of our products internationally, through distributors, and with OEM and ODM customers that will enhance our market position globally.