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Tekni-Plex Acquires Extrusion Manufacturer Johnson Plastic Group

Material science and manufacturing technologies specialist Tekni-Plex Healthcare has acquired precision extrusion manufacturer Johnson Plastic Group (JPG) as part of a strategy to expand the company’s patient care solutions platform.

Located in Mexicali, Mexico, JPG provides complete extrusion solutions into a variety of medical device applications for interventional and therapeutic procedures.

The acquisition expands Tekni-Plex Healthcare’s medical device capabilities and broadens the division’s global footprint. The transaction also brings the company closer to its key customer base in Mexico and the Baja region, as well as leveraging JPG’s expertise across Tekno-Ples Healthcare’s entire global customer base and healthcare end markets.

Chris Qualters, CEO of Tekni-Plex Healthcare noted: “The addition of JPG continues to build upon our innovative patient care solutions platform centered on material science and process technologies.”

Healthium Medtech Opens Manufacturing Facility At Rohisa Industrial Estate, Ahmedabad For Arthroscopy products

Healthium Medtech has announced the launch of its latest manufacturing facility in Ahmedabad. The facility owned by Uteshiya Medicare, is located at the Rohisa Industrial Estate, and has been licenced by Healthium Medtech to exclusively manufacture its wide range of arthroscopy products marketed under the brand ‘Sironix’.

The CDSCO certified facility is spread across 70,000 sq ft. The facility was inaugurated by Gujarat’s minister for rural housing & development, Arjunsinh Chauhan.

The company is India’s largest independent medical devices company and second-largest company overall, in the surgical consumables market, the largest non-captive surgical needles manufacturer globally, by volume and the third-largest company overall in the urology collection devices market in the UK as of fiscal 2021. Ending March 2021, one in five surgeries conducted globally, uses a Healthium product.

It currently operates across eight integrated and scaled manufacturing facilities, several of which have global accreditations and registrations including US FDA, CE, ISO and TGA. Of these, seven are located in India spread across Karnataka, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Maharashtra and now Gujarat, and one in China. The company was the 1st Class III medical device company in India to receive a US FDA registration for one of its facilities.

Anish Bafna, chief executive officer and managing director, Healthium Medtech said, “Arthroscopy is one of the fastest growing orthopaedic procedures in India, accounting for 15-17% of the overall procedures. We have created a patented portfolio of arthroscopy products at Healthium and we are very happy to have found in Uteshiya Medicare, a partner that offers the right environment to boost the manufacturing of our arthroscopy portfolio, while ensuring seamless delivery.”

Jignesh Uteshiya, director Uteshiya Medicare, said, “We are excited to have partnered with Healthium Medtech and look forward to manufacturing their patented arthroscopy portfolio in a completely green facility built using recycled materials, with builtin energy efficient systems, rainwater harvesting and onsite renewable energy generation. We are also optimizing and customizing operations for maximum efficiency with stringent quality control processes in place. Our most important capital is the perfect synergy of a green environment, competent talent and the effective use of global know-how through practical application.”

Arthroscopy products are used to help treat various knee and shoulder conditions such as anterior cruciate ligament reconstruction, posterior cruciate ligament injuries and other ligament reconstruction and repair and meniscal repair. As per Frost & Sullivan report, the Indian arthroscopy devices market was valued at US$ 18.9 million in 2020, and estimated to reach US$ 47.1 million by 2025, implying a CAGR (2021-2025) of 18.6%.

Arthroscopy accounts for 15-17% of total orthopaedic procedures carried out in India, and is one of the fastest growing orthopaedic procedures. The volume of arthroscopy procedures conducted, is likely to triple in the next 5-6 years. Key drivers for growth of procedures include a growing base of arthroscopy centres and practicing specialists.

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