Collateral Medical is a medical device marketing and distribution company. It has both an online and offline presence and its customers include medical professionals and end users such as patients, expecting mothers, etc.
Its directors Nikhilesh Tiwari and Sanjay Jha have over a decade of experience in the medical device industry.
The Medical Devices industry in India is presently valued at $5.2 billion and contributes 4-5% to the $96.7 billion Indian healthcare industry. Currently, India has about 750–800 medical device manufacturers in the country, with an average investment of Rs 170–200 million and an average turnover of Rs 450–500 million.