SMDM eyes expansion in Europe and US.
Starting in January, SMDM exported its medical guidewire devices to consumers in the US and the EU under the Certificate of Conformity Europe (CE Mark). The mark is endorsed by four member countries of the European Free Trade Association (EFTA) and indicates that a product is in conformance with EU Product Safety Directives.
"The strategic plan for the company involves additional products, however Guidewire manufacturing is the first production to be established in the new facility," said Ciaran Hood, president and CEO.
"We are currently in discussions with a number of European market leaders in surgical packs with the view to incorporating various niche products primarily from the vascular and cardiovascular arenas."
Guidewires are small diameter spring coils that facilitate the guided placement of catheters and other medical devices used in the diagnosis and treatment of numerous medical conditions.
Currently SMDM supplies 50 per cent of its manufactured devices to the US. Thirty per cent of the devices are exported to countries in the EU and 20 per cent to countries in Asia.
Specific countries of interest during product launch have been the US, UK, Turkey, India and Egypt. SMDM is also registering its products for inclusion in GCC tenders for 2012 and 2013.
"In the coming years the US is expected to be our largest market, absorbing approximately 60 per cent of our total capacity, with the remaining volume split evenly between the EU and Asia," said Hood.
"Our vision is to grow SMDM and the region into becoming a centre of excellence for medical device manufacturing, offering excellent service, cost structure and logistics for both the GCC and globally. We have seen great interest in our model from its inception and now with the production launch it is a pleasure to start to see the reality taking shape."
DM steps into qatar
DM Healthcare, a leading health care provider in the Middle East and India, announced the opening of its medical centre in Al Rayyan in Qatar.
The clinic, part of the Aster brand of DM Healthcare, is the sixth medical centre in the region with multi-specialty capabilities and is part of the group's drive to reach out to more communities in Qatar with its advanced health care services.
Officially inaugurated on June 15 by Dr Faleh Mohammad Hussain Ali, the assistant secretary-general for policy affairs, SCH-Qatar, the new Aster Medical Centre (Wellcare Polyclinic) is located near Shafi Masjid, Shafi Street in Al Rayyan.
Along with the Aster Medical Centre in Rayyan, Aster has also opened a pharmacy in line with the DM Healthcare vision of providing end-to-end medical and support facilities to the community.
Al Nisr Publishing LLC 2011. All rights reserved.
Provided by Syndigate.info an Albawaba.com company