GE Healthcare hopes to record double digit growth in MRI, CT segments in India

Friday, October 25, 2013

“One third of the MRI scanners installed in India so far come from GE. The domestic market is worth 200 million dollar and is growing fast at around eight to 10 per cent. We hope to grow faster,” Richard Hausmann, president and CEO of Global MR Business, told Pharmabiz.

Likewise, the company also sees good prospects in the CT scanner segment in the country. “We hope to have a double digit growth though market was rather flat now. We see opportunity despite the rupee devaluation,” said Stevan J Gray, president and CEO of Molecular Imaging/ Computed Tomography.

Company officials said India accounted for five percent of its global business but focus was given to tap the emerging opportunities. The Indian operations are expected to register 15-20 per cent growth this year. Its revenue was $570 million last year.

Source: Pharmabiz (link opens in a new window)

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