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Hindustan Syringes & Medical Devices Ltd, manufacturer of the popular Dispovan
(disposable syringes) in the country is aiming a Rs 200 crore turnover in the
current fiscal with launch of its new auto-disable syringe. The company
estimates a 30 per cent growth turnover in the current fiscal. HMD has already
invested Rs 100 crore in the state-of-the-art plant at Ballabgarh in Haryana.
The total annual installed capacity of the plant is 1.5 billion disposables,
which now is being increased to 2 billion. Priced at Rs 5.2 per syringe,
officials said the unlike Dispovan which has to be broken after use, the new
version-auto-disposable syringes – breaks on its own after the medicine is
injected.
The
auto-disposable syringe has a mechanism that locks the plunger after dosage has
been administered. According to a company press release, the company is planning
to export these syringes to overseas markets that would increase its exports to
25 percent from the current level of 15 percent. The release cited reports of
the World Health Organisation and UNICEF-UNFA which underlined the need for
implementing safe infection policy and emphasized on auto-disabled syringes. The
company says citing reports that an estimated Rs 2,700 crore is spent annually
worldwide as medical cost for diseases due infested syringes. |
