The evolution of surgical practices in India is closely intertwined with companies that deliver innovative surgical tools and solutions. As these companies flourish, they don’t just contribute to elevating India’s healthcare prominence globally but also make significant inroads into the country’s diverse business landscape, particularly in the real estate sector. As these companies expand, they seek larger production facilities, research hubs and administrative offices, subsequently influencing the commercial and residential property sectors. This article will uncover the top surgical companies in India.
Business landscape in India
India’s healthcare domain is vast, with surgical companies playing a critical role in its expansion. From manufacturing innovative surgical instruments to pioneering minimally invasive procedures, these entities have bolstered India’s reputation in the global medical landscape. Additionally, with the government’s focus on strengthening healthcare infrastructure and making quality healthcare accessible to its vast population, surgical companies in India are poised for monumental growth. The ripple effect of this growth extends to related sectors, such as logistics, storage and real estate, affirming the country’s robust and multifaceted industrial landscape.
Top surgical companies in India
GPC Medical
Company Type: Private
Location: GPC Square, Vikaspuri, New Delhi – 110018
Founded in: 1930
With its roots dating back to 1930, GPC Medical is an iconic Indian hospital and medical supplies enterprise. Proud of its global reach, GPC is synonymous with high-quality medical products, bearing ISO 13485 certification, WHO-GMP compliance, and several CE-marked products. Notably, it stands as perhaps the only Indian firm with US FDA 510(k) approved orthopaedic products. Commitment to state-of-the-art medical technological advancements, superior research, and relentless focus on quality sets GPC apart. Ensuring affordable pricing and timely delivery, GPC has forged trust and long-lasting relations with clients globally, especially in Europe.
South India Surgical Co (SISCO)
Company Type: Private
Location: 17, Wallajah Road, Triplicane, Chennai – 600002
Founded in: 1945
South India Surgical Co, popularly known as SISCO, is a beacon of trust, quality, and reliability in the realm of surgical instrument manufacturing in India. Founded by visionary Mr. P.N. Bajaj in 1945, SISCO has ascended to a position of prominence, recognised by doctors nationwide. The company’s extensive product line ranges from General Surgery Instruments to Minimally Invasive Surgery tools, ensuring surgical precision and patient safety. SISCO’s enduring commitment to delivering unmatched quality has paved the way for countless successful surgeries across India and beyond.
Siora Surgicals
Company Type: Private
Location: Phool Bagh, Ram Pura, New Delhi – 110035
Founded in: 1987
For over three decades, Siora Surgicals has established its presence as a manufacturer and exporter of orthopaedic implants and instruments. Recognised for its dedication to quality and affordability, the company has ensured that surgical treatments, while innovative, remain cost-effective. Founded in 1987, Siora Surgicals stands out as a trusted name in the medical fraternity, renowned for its high-quality products that play a pivotal role in supporting the body’s core structure—bones.
Ishwari Healthcare
Company Type: Private
Location: Akurli Road, Kandivali (E), Mumbai – 400101, India
Founded in: 1998
Founded in 1998, Ishwari Healthcare has emerged as a progressive and innovative player in the field of healthcare disposables and devices. Its unwavering commitment to international standards, combined with a spirit of innovation, has made it a name to reckon with in a short span. Central to its success is the company’s dedication to patient safety and comfort. A passionate team of medical and technical experts crafts each product. With top-notch production spaces, rigorous gas sterilisation, and pristine clean rooms, they guarantee nothing but excellence.
Teleflex Medical (Teleflex Incorporated)
Company Type: Private
Location: Vasanth Nagar, Bengaluru, Karnataka – 560052
Founded in: 1993
Teleflex Medical stands as a paramount provider of medical technologies designed to improve the health and quality of patient lives. The company’s vast product range spans various medical segments, including surgical, vascular, interventional access, and more. Teleflex is renowned for its Pilling Surgical Instruments, offering a spectrum of time-tested tools for myriad specialities. Furthermore, the company houses iconic brands such as Arrow®, LMA®, and Weck®. With its roots deep in innovation, Teleflex continues to shape the future of healthcare by providing groundbreaking solutions and maintaining a consistent commitment to quality.
Unisur Lifecare
Company Type: Private
Location: Byraveshwara Industrial Estate, Bengaluru – 560091
Founded in: 2011
Unisur Lifecare has made its mark as a rapidly growing force in the domain of medical equipment manufacturing. With a primary focus on designing and producing surgical sutures, bone wax, and polypropylene mesh, the company has solidified its reputation for delivering quality. Its flagship brand, UNIVERSAL SUTURES™, offers a wide array of surgical solutions to healthcare professionals worldwide. As a testament to its global influence, Unisur products are now distributed in over 80 countries, showcasing the company’s dedication to excellence and establishing it as a trusted name in the healthcare sector.
B. Braun Medical (India)
Company Type: Private
Location: Boomerang, Andheri East, Andheri(East) Mumbai – 400072
Founded in: 1984
Braun Medical is a renowned manufacturer and provider of medical devices and pharmaceutical services in India. With a portfolio that boasts over 5,000 products, the company addresses diverse medical needs, including wound care, anaesthesia, diabetes care, and surgical technologies, among others. B. Braun emphasises quality, with 95% of its products being manufactured in-house, showcasing its commitment to excellence in healthcare solutions.
Conmed Corporation
Company Type: Private
Location: Kanjurmarg East, Mumbai – 400042
Founded in: 1970
Conmed Corporation stands as a global pioneer in medical technology, delivering surgical and patient monitoring products. With an extensive product line, Conmed assists healthcare professionals across various specialities such as orthopaedics, cardiology and gastroenterology. The company’s innovations, such as its electrosurgical units and surgical imaging tools, demonstrate its dedication to elevating clinical outcomes.
Lotus Surgicals
Company Type: Private
Location: Phoenix Market City, Kurla (West), Mumbai – 400 070.
Founding Date: 2005
With a focus on surgical devices, Lotus Surgicals has carved a niche for itself by offering a wide array of absorbable and non-absorbable sutures. The company’s product suite extends to surgical mesh, staplers, and specialised surgical kits tailored to specific procedures. Lotus Surgicals stands as a testament to innovation in the realm of surgical equipment, catering to numerous medical specialities.
Smith+Nephew Healthcare (Smith & Nephew PLC)
Company Type: Private
Location: Andheri – Kurla Rd, J B Nagar, Andheri East, Mumbai
Founded in: 2002
Smith+Nephew Healthcare is a beacon in the medical technology sector, emphasising the repair and regeneration of human tissues. Its broad product range serves various medical areas, including orthopaedics, sports medicine, and advanced wound care. With a focus on empowering healthcare professionals, the company has consistently delivered solutions that prioritise patient health and mobility.
Commercial real estate demand in India
Office space
These leading surgical companies have been expanding their bases, requiring significant office spaces, especially in cities renowned for medical research and innovation. Areas in cities like Bengaluru, Hyderabad and Pune have witnessed a growing demand for advanced office complexes tailored for the surgical and medical device industry.
Rental property
Given the specialised nature of their work, employees of these surgical companies often opt for accommodations near their places of employment. This has augmented the demand for rental properties in regions that house the main offices or manufacturing units of these firms.
Impact
The surgical industry’s demand for precise, controlled environments – for instance, clean rooms for product assembly or testing labs – has led to the evolution of specialised commercial real estate offerings. This not only includes advanced office spaces but also manufacturing units that comply with stringent global standards, thereby propelling the value and demand for high-quality real estate in the vicinity.
Impact of the surgical industry on India
The surgical industry in India has consistently been at the forefront of medical innovation. These top surgical companies have driven local economies, providing employment and fostering ancillary businesses. Their presence often turns localities into medical manufacturing hubs, attracting skilled labour, researchers, and other businesses. As these companies grow, so does their influence on the surrounding areas. Real estate development, improved infrastructure, and enhanced amenities often follow in regions where these firms establish a strong presence.
FAQs
How have the top surgical companies influenced real estate trends in India?
The growth of surgical companies has led to increased demand for commercial spaces in prominent cities and has boosted property prices in areas where these companies have set up operations.
Are there specific cities in India where most of the top surgical companies are headquartered?
Cities like Mumbai, Delhi, Chennai, and Bengaluru are popular hubs for surgical companies, attracting both domestic and international firms thus influencing real estate demand in these cities.
What's the average rental for office spaces in areas popular with surgical companies?
The average rental for office spaces in areas housing major surgical companies can vary, but metros like Mumbai or Delhi might see prices ranging from Rs 100 to Rs 150 per square foot per month.
Which residential areas have seen increased demand because of surgical companies?
Residential localities close to business districts housing surgical companies, such as Powai in Mumbai or Koramangala in Bengaluru, have seen a spike in demand due to the influx of professionals.
Are new residential projects developing near these surgical company hotspots?
Yes, many new residential projects are being launched in proximity to areas dominated by surgical companies, catering to employees seeking homes near their workplaces.
What's the average price for a 2BHK apartment in these preferred residential areas?
A 2BHK in upscale Powai or Mumbai can set you back by Rs 2-2.5 crores. But in Bengaluru's Koramangala? Think closer to Rs 1-1.5 crores. Prices vary based on the exact location and amenities.
How do surgical companies contribute to the infrastructure development of a city?
Surgical companies often invest in infrastructure around their facilities, improving roads, transportation, and even public services, indirectly boosting the city's real estate potential.
Are there any upcoming infrastructure projects to boost the surgical industry?
Infrastructure projects like metro rail services and special medical zones in cities can provide impetus to the growth of surgical companies and positively impact surrounding real estate.
Are there real estate opportunities linked with the surgical companies' growth?
Absolutely. With medical tourism on the rise, there's a surge in demand for short-term housing solutions, like service apartments or guest houses near top surgical company hubs or major hospitals.
Is investing in real estate near major surgical company areas a good idea?
Given the steady growth of the surgical industry in India and its positive impact on local economies, investing in real estate in proximity to these areas could potentially yield good returns.
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