The global peripheral intervention market is projected to grow from $3.26 billion in 2020 to $5.89 billion in 2026, at a CAGR of 9.1%. Growth in this sector is driven by a growing geriatric population, rising prevalence of peripheral arterial disease, and technological advancements in the field of stents and balloons.<\/p>\n\n\n\n
Peripheral stent implants are often used to hold the artery open, allowing blood to flow through a blocked or clogged artery. India\u2019s peripheral intervention devices market was estimated at $6.3 million in 2020 and is expected to grow at a CAGR of 15.6% from 2021 to 2026, reaching $16.1 million by 2026.<\/p>\n\n\n\n
Sahajanand Medical Technologies Ltd recently filed a draft red herring prospectus with the Securities and Exchange Board of India to raise \u20b915 billion via an initial public offering.<\/p>\n\n\n\n
The Samara Capital-backed company’s IPO consists of a fresh issue of shares aggregating up to \u20b94.1 billion and an offer for sale of shares aggregating up to \u20b910.8 billion by existing shareholders and promoters. <\/p>\n\n\n\n
The company plans to utilize net proceeds from the offering of around \u20b92.55 billion for repayment of certain indebtedness. It will employ \u20b9403 million to fund the working capital requirements of Vascular Innovations and the remaining will be used for general corporate purposes.<\/p>\n\n\n\n
Sahajanand Medical Technologies is a medical devices company that researches, designs, develops, manufactures, and markets vascular devices globally. As of March 2021, it was among the top five companies in terms of market share, with a strong presence in Germany, Netherlands, Italy, and Poland. It has a direct and distributor sales presence in more than 69 countries.<\/p>\n\n\n\n
The Gujarat, Surat-based company offers various products that have gained regulatory approvals in different geographies. The company has also pioneered the use of biodegradable polymer technology in both stents and ultra-thin stents with a 60- micron strut thickness.<\/p>\n\n\n\n
Currently, the company offers products that are used in interventional cardiology, i.e., devices used for the treatment of blockages in heart vessels. As of Mar 2021, it has been granted 67 patents globally with a pipeline of additional 17 patents and four design registrations in India.<\/p>\n\n\n\n
For fiscal 2021, Sahajanand\u2019s revenue from operations was at \u20b95.88 billion, against \u20b94.79 billion a year ago. The company suffered a net loss of \u20b9723.4 million, versus a net profit of \u20b9254.4 million last year.<\/p>\n\n\n\n
The company derives a significant portion of revenues from products that are sold in markets outside India, including Europe, Asia Pacific, Latin America, the Middle East, and Africa. If there is an increase in the duty levied on the products, it would affect the company\u2019s ability to compete with local manufacturers. The foreign operations expose it to risks like unfavorable trade protection laws, tariffs, and other taxes on exports.<\/p>\n","protected":false},"excerpt":{"rendered":"
The global peripheral intervention market is projected to grow from $3.26 billion in 2020 to $5.89 billion in 2026, at a CAGR of 9.1%. Growth in this sector is driven by a growing geriatric population, rising prevalence of peripheral arterial disease, and technological advancements in the field of stents and balloons. Peripheral stent implants are […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5747,5748,10444],"tags":[8157,8832,1760,8186,9143],"class_list":["post-125023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare-stocks","category-ipo","category-others","tag-healthcare","tag-medical-care-facilities","tag-medical-devices","tag-medical-equipments","tag-medical-instruments-supplies"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124096,"url":"https:\/\/alphastreet.com\/india\/medical-device-firm-skanray-technologies-files-rs-400-crore-ipo\/","url_meta":{"origin":125023,"position":0},"title":"Medical device firm Skanray Technologies files Rs 400-crore IPO","author":"Nishadkishore","date":"July 1, 2021","format":false,"excerpt":"Medical device manufacturing company Skanray Technologies has filed its draft prospectus with the m\u0430rkets regulator for its initial public offering (I\u0420\u041e). The \u0441\u043em\u0440\u0430ny is l\u043e\u043eking t\u043e raise Rs 400 \u0441r\u043ere in fresh \u0441\u0430\u0440it\u0430l, offer-f\u043er-s\u0430le \u043ef up t\u043e 14,106,347 equity shares by promoters \u0430nd existing shareholders, \u0430\u0441\u0441\u043erding t\u043e the draft red\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":125040,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-medanta-hospital-chain-files-papers-for-public-listing\/","url_meta":{"origin":125023,"position":1},"title":"IPO Alert: Medanta hospital chain files papers for public listing","author":"Nishadkishore","date":"October 19, 2021","format":false,"excerpt":"The hospital industry in India is forecasted to grow to \u20b98.6 trillion by 2022 from \u20b94 trillion in 2017, at a CAGR of 16\u201317%. 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