Business
MedX Health Corp. Enters India - One of the World's Largest and Fastest Growing Medical Device Markets
Distribution Partner HealthX Lasers Launching Clinics Across India MISSISSAUGA, ON, M...
About this update from Medx Health Corp.
[{"type":"text","content":"\n\n\n\n\n\nDistribution Partner HealthX Lasers Launching Clinics Across India\n\n\nMISSISSAUGA, ON, May 23, 2012 /CNW/ - MedX Health Corp., (TSXV.MDX) with worldwide revenues in drug free, non-invasive low level laser light\n therapy and light imaging systems, announced that their distribution\n partner in India, HealthX Lasers (www.healthxlasers.com), is working with hospitals, physicians, clinics, therapists, and rehab\n facilities to establish HealthX Laser clinics offering MedX lasers to\n treat a wide range of medical conditions including smoking cessation\n and pain management. HealthX Lasers recently received funding to fully\n commercialize their clinic model as well as offer franchise\n opportunities to entrepreneurs across India. The full line of MedX\n Health laser and light devices for both rehab and sports medicine are\n now available in India.\n\n\n\"We are pleased to be working closely with Mr. Sandeep Joshi, President\n of HealthX Laser as he establishes his clinic and franchising model\n across India,\" said Steve Guillen, President & CEO, and \"with the\n announcement earlier in the year that the Chinese FDA has approved our\n products we expect India and China to provide dramatic international\n revenue growth in the future.\"\n\n\nAbout the Medical Device Market in India\n\n\nEspicom Business Intelligence Ltd., says India's medical device market\n is exploding! India combines many opportunities and many challenges for\n the medical device industry. India's medical device market is currently\n the fourth largest market in Asia and is worth about $3 billion. With a\n projected growth 15% over the next five years, one cannot ignore\n India's potential and vast market opportunity. India has a huge\n population in excess of one billion people and a growing middle class\n with access to high quality healthcare.\n\n\nThe Indian market for medical equipment and supplies ranks among the\n world's top 20 but, despite strong growth rates, the market remains\n disproportionately small with per capita spending of US$2. High\n quality, high tech products are sought after, particularly in the\n private sector hospitals and medical centers.\n\n\nAbout MedX Health Corp.\n\n\nMedX is a twelve (12) year old Canadian company, headquartered in\n Mississauga, Ontario (Toronto), and is a global leader in the design,\n manufact...