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Product : Active Implantable Devices
Brand Name(s): Stellar
Industry: Medical devices
Location: Bangalore

This active implantable medical devices manufacturer is poised for growth given the huge demand for such devices in developing countries that rely heavily on imports. Started in 2007, MediVed makes similar devices of high quality at one-tenth of the US costs, at its facility in Bangalore. With healthcare sector growing at a fast pace, the demand for these affordable medical devices is on the rise. The Company is set to manufacture a whole range of such products. There is tremendous cost pressures being faced by US companies with Obama's campaign to reduce prices of healthcare leading them to offshore manufacturing of medical devices to low-cost manufacturing locations. This is where MediVed plays a role and will have an impact-- as a manufacturer of low-cost and advanced medical devices for the rest of the world.