News | September 07, 2008

Philips Targets Cardiovascular X-Ray in Emerging Markets

September 8, 2008 - Royal Philips Electronics reached an agreement to acquire India-based Alpha X-Ray Technologies, a manufacturer of cardiovascular X-ray systems targeting the economy segment of the Indian market, as Philips positions itself in high-growth emerging economies.

Upon closing of this transaction in the fourth quarter of 2008, which is subject to certain contractual and other conditions such as regulatory approvals, Alpha will become part of the Cardiovascular X-Ray business within Philips’ Healthcare sector.

Philips is growing its presence in high-growth healthcare market in emerging economies, and follows the earlier acquisitions of healthcare companies Brazilian Dixtal Biomédica e Tecnologia, Shenzhen Goldway Industrial in China and VMI Sistemas Medicos in Brazil.

“The acquisition of Alpha is another great example of how Philips continues to strengthen its industrial and commercial footprint in emerging markets. It provides us with significant presence in the high-growth economy segment for Cardiovascular X-Ray systems, underlining our commitment to deliver affordable healthcare solutions in emerging markets,” said Ronald de Jong, CEO Emerging Markets of Philips Healthcare.

Alpha’s product portfolio complements Philips’ existing high-end cardiovascular X-ray range and helps Philips to capture an even larger slice of the global EUR 1.8 billion cardiovascular X-ray market. Analysts estimate that the economy segment is the fastest growing segment of the global cardiovascular X-ray market, with anticipated annual growth rates of 10 to 15 percent in coming years. Philips will use its global distribution network to sell Alpha’s cardiovascular X-ray products .

The acquisition of Alpha comes on the heels of two key product introductions in India: the SureSigns VM3 patient monitor and the Ultrasound HD15 system.

For more information: www.medical.philips.com

Related Content

iSchemaView Launches RAPID Angio
Technology | Angiography | March 01, 2019
iSchemaView announced the release of RAPID Angio, a complete neuroimaging solution for the angiography suite that...
Videos | Angiography | February 08, 2019
This is an example of an arterial venous malformation (AVM) in the brain imaged on a ...
Canon Medical Debuts Alphenix 4-D CT at RSNA 2018
Technology | Angiography | February 06, 2019
Canon Medical Systems USA Inc. recently introduced a new angiography configuration featuring its Alphenix Sky + C-arm...
Canon Medical Systems Launches Alphenix Interventional Imaging Line
Technology | Angiography | February 04, 2019
Canon Medical Systems USA recently introduced its next generation of interventional systems – the Alphenix platform....
An example of multimodality image fusion with live angiography to enhance soft-tissue visualization during complex procedures. This example is from Siemen's new TrueFusion software released in 2018. Advances in angiography imaging.

An example of multimodality image fusion with live angiography to enhance soft-tissue visualization during complex procedures. This example is from Siemen's new TrueFusion software released in 2018. 

Feature | Angiography | January 28, 2019 | Dave Fornell, Editor
There are a few recent trends in X-ray...
Philips Launches Azurion With FlexArm
Technology | Angiography | January 17, 2019
Philips announced the launch of Azurion with FlexArm, designed to enhance positioning flexibility for image-guided...
Videos | Angiography | December 12, 2018
This is a quick walk around of a GE Healthcare Image Guided System (IGS) angiography system cath lab room display at
Shimadzu Medical Systems Teams With Change Healthcare Cardiology
News | Angiography | October 17, 2018
Shimadzu Medical Systems USA and Change Healthcare have entered a partnership through which Shimadzu will offer Change...
Osprey Medical and GE Healthcare Launch Acute Kidney Injury Educational Program
News | Angiography | September 21, 2018
Osprey Medical announced a collaboration with GE Healthcare on Osprey’s Be Kind to Kidneys campaign. The campaign aims...
How to reduce radiation exposure in the cath lab fluoroscopy. Imaging system in photo is a Philips XperFlex.
Feature | Angiography | June 06, 2018 | Dave Fornell, Editor
June 6, 2018 — Here is a checklist of dose-sparing practices for angiographic X-ray imaging used in the cath lab.
Overlay Init