The company further said that it is showing consistent agility and innovation by meeting the needs of its customers in both domestic and international markets. Adapting quickly to the ever-evolving demands, we have emerged as one of the fastest growing organization in the export of Pharmaceutical products across the globe, and currently the company has entered the markets of the United States of America by launching its Orthopaedic Belts etc.
Orthopaedic Belts have a higher amount of ergonomic force can help the weakened ligaments capability to stabilize. It helps in Maximize a smooth, dynamic approach to abdominal compression, providing stability and control of the spine. The belts have heating elements, and some have massaging capabilities. Both heat and massaging back support belts can help to relieve back pain.
The global Orthopaedic devices market has reached to $39.3 billion in 2020 and the market is then expected to grow at a CAGR of 5% and reach $63.6 billion in 2023. The largest region in the global Orthopaedic devices market is North America, accounting for 44% of the market in 2019.
Almost 50 percent of people in the United States experience lower back pain every year, leading lower back pain to be one of the most common explanation. People between the age of 25 and 45 being the most common age bracket when people claim to experience lower back pain. Not only do people spend money treating their back pain, but it can also result in lost wages due to missing work and decreased productivity.
Apart from the Orthopaedic Belts, the company is also amongst the leading players in the supply of pharma products such as Bulk Drugs / APIs, Formulations, Surgical Products, Veterinary supplements, Herbal & Nutraceutical product. The company has launched these products worldwide in 11 countries including India. The Company has also establish good partners in almost 28 countries with 150+ brands. We have also associated with many African Countries and intend to do so with your organization as well.
The company stock is currently trading at Rs37.65, up Rs0.85 or 2.31% than previous closing of 36.80 on the NSE.