Transasia Bio-Medicals leads Indian Indigenous Medical Devices and Diagnostics Industry

20 December 2019 | Features

We have highlighted the companies (indigenous players) based on their achievements in the past financial years

Mumbai based Transasia Bio-Medicals Ltd. is a leading player in the Indigenous Medical Devices and Diagnostics Industry with sales revenue of Rs 1032.50 crore for the year 2018-19 followed by Chennai based Trivitron Healthcare Pvt. Ltd. with sales revenue of Rs 700 crore. 

BioSpectrum Top Indigenous Medical Devices and Diagnostics Companies 2019*   

S No Name  Revenue for 2018-19 (in Rs crore) Revenue for 2017-18 (in Rs crore) Per centage growth over last year (%) Location  State Region 
1 Transasia Bio-Medicals Ltd. 1032.5 1047 -1 Mumbai   Maharastra  West
2 Trivitron Healthcare Pvt. Ltd. 700     Chennai Tamil Nadu  South
3 Agappe Diagnostics Ltd  181     Ernakulam Kerala South
4 J. Mitra & Co. Pvt. Ltd. 114     New Delhi  New Delhi  North 
5 Beacon Group  98     Navsari Gujarat West
6 Sysmex India Pvt. Ltd. 84 70 20 Mumbai  Maharastra  West
7 Nureca Pvt. Ltd. 75     Mumbai  Maharastra  West
8 Medsource Ozone Bio Medicals Pvt. Ltd. 69 62.5 10 Faridabad Haryana  North 
9 BioSystems Diagnostics Pvt. Ltd. 44.6 42 6 Kancheepuram Tamil Nadu  South
10 Accurex Biomedical Pvt. Ltd. 33.89 38.43 -12 Mumbai   Maharastra  West
11 Reckon Diagnostics Pvt. Ltd. 26 31 -16 Vadodara Gujarat West
12 Rapha Diagnostics Pvt. Ltd. 22     Mumbai  Maharastra  West
13 Bhat Biotech India (P) Ltd. 20 35 -43 Bangalore  Karnataka  South
14 Recombigen Laboratories Pvt. Ltd. 18 14 29 New Delhi  New Delhi  North 
15 Voxtur Bio Ltd. 16.8 3.99   Surat  Gujarat West
16 XCyton Diagnostics Pvt. Ltd. 10     Bangalore  Karnataka  South
17 Genuine Biosystem Pvt. Ltd. 5.9 5.03   Chennai Tamil Nadu  South
18 Affigenix Biosolutions Pvt Ltd  4.67 3.17 47 Bangalore  Karnataka  South
19 Leucine Rich Bio Pvt Ltd.  0.54 0.34 59 Bangalore  Karnataka  South
20 Prantae Solutions Pvt. Ltd. 0.02     Bhubaneswar Odisha East


(*We have not covered some of the leading Medcal Devices and Dignostics Companies as they were unable to participate in the BioSpectrum Medcal Devices and Dignostics Industry Survey 2019)

BioSpectrum India, a leading B2B media platform in Lifesciences space since 2003 has re-launched its ranking special edition in June 2019 after gap of 2 years.  In this survey we looked at only the Medical Devices and Diagnostics Industry.  We have highlighted the companies (indigenous players) based on their achievements in the past financial years.

A detailed questionnaire (survey form) was sent to over 800 companies in Medical Devices and Diagnostics space to capture the needed information for the analysis. This was done during November 2019 (Sales revenues of all the companies are in Rs Crore and Rs 70= 1USD). Companies shared information with us to the extent it was possible by them. We have collected information about listed companies from stock exchange and financial agencies as well.

#The revenues considered for the analysis are Medical Devices and Diagnostics sales figures. In several cases, where revenue figures were not available, estimates were arrived in discussion with industry experts.

#For all the ranking purposes, we have taken the Medical Devices and Diagnostics business only into consideration. Wherever 'Revenue is mentioned, it means, sales turnover from Medical Devices and Diagnostics division. Therefore, revenue wherever mentioned is not necessarily the total sales turnover of the company.



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