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Noccarc announces expansion plans for US & Europe market

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Noccarc is further planning to launch advanced medical equipment to support clinicians for better decision making & digitise the healthcare system significantly

Noccarc, a Pune-based startup has ats plans to launch 4 new products for ICU care that will align with global compliance standards in the next 6 months. It will be launching advanced medical equipment to support clinicians for better decision making & digitize the healthcare system significantly.

The start-up is also planning to foray into the US and Europe markets.

The company is looking to deploy 600+ ventilators in the next quarter. Additionally, Noccarc’s revenue is expected to touch a whopping INR 150 Cr in FY22, surge from its FY21 revenue of INR 15 Cr.

During the 2nd wave, Noccarc also worked with various large CSR organizations for deploying the ventilators in hospitals located at remote locations across the nation, a significant percentage of which were installed in government hospitals. 80% of the deployments were done in private hospitals with Maharashtra witnessing the highest deployment at 23% of the total ventilators deployed. Aside from this, the company has also received direct orders from government organizations for its ventilators. In order to improve the care continuum in India,

Harshit Rathore, Co-Founder of Noccarc said, “The global market for medical devices has been valued at USD 400 billion out of which India’s market is USD 10 billion and is projected to grow at a 37% CAGR to reach USD 50 billion by 2025. Noccarc’s team has achieved aggressive product development timelines and we aim to significantly bring down the high-end medical equipment import by 20% over the next five years. Committed to building products that serve humankind’s needs, Noccarc’s high-quality products have gained acceptability across India and other countries. We will continue to build innovative products that will serve the needs of patients around the world.”

Post lockdown, Noccarc has ventured into the development of critical care ICU devices and currently has Noccarc V310; a high-end ICU ventilator with integrated HFNC.

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