Opto Circuits, a multinational medical device company, has received orders for supply of pulse oximeters and thermometers from Global customers, as the demand for these products, have increased substantially due to Covid-19.
Opto Circuits is a multinational medical device company headquartered in Bengaluru, India. They design, develop, manufacture, market, and distribute a range of medical products used by healthcare establishments in more than 150 countries. They specialize in vital signs monitoring, emergency cardiac care, vascular treatments, and sensing technologies.
The company has started manufacturing pulse oximeter, multi para monitor systems, and digital thermometers for domestic and global markets. These medical devices are manufactured in India under Make in India call given by the Government of India. The company has USFDA approvals for manufacturing these products and has patents and technology for the above products.
Opto Circuits has launched two of its key products, pulse oximeters, and digital thermometers, which are already approved with FDA. The demand for these products has increased significantly in India and all over the world due to the Covid-19 pandemic situation.
The company has been selling various types of pulse oximeters across the world over the last 12 years under Mediaid and Criticare. The different types of pulse oximeters include finger pulse oximeter, bedside or lCU pulse oximeters, multi para meter and patient monitoring systems.
Digital thermometers have been marketed under the brand names of Faichney, Mediaid, and Life Aid by the company for sale worldwide. Over the past few years, Opto Circuits has sold several millions of thermometers in the USA, Far East, Middle East, and India.
The company had acquired the digital thermometers division from Hindustan Lever in 2002, while the pulse oximeter range of products came through the acquisition of two companies in the USA.
Commenting on the results, Vinod Ramnani, director, said, “The demand for the company’s products has gone up substantially in recent months due to an increase in demand for our products in India and globally. Overall, we are very confident about the business turnaround led by the up-coming favorable period in terms of demand and cost-efficiency measures.”