iVascular reinforces its facilities in Catalonia. The Spanish company that develops medical devices will invest €15 million in the expansion of its center in Sant Vicenç del Horts (Barcelona).
The investment aims to triple the plant’s current surface area, allocating more than 1,700 square meters to ISO 7 rooms and more than 400 square meters to ISO 8 rooms, in order to increase its current production capacity sixfold and continue to grow exponentially. The expansion of iVascular’s facilities responds to the need to increase the company’s production capacity in order to maintain this growth rate.
Thanks to this investment project, the company will also increase its human team, currently made up of more than 350 people, according to the medical device company in a press release.
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iVascular will allocate €40 million to R&D&I over the next five years
In addition to the factory expansion project, iVascular estimates that over the next five years it will allocate €40 million to investments in research, development, and innovation (R&D&I) and in its commercial expansion on a global scale.
The company emphasizes its leading role in the field of cardiovascular pathology, which is why it invests 15% of its turnover in R&D&I every year. iVascular’s main objective is to provide technological solutions to medical professionals so that they can treat their patients in the most efficient way.
The company designs, manufactures, and markets more than 1,500 advanced medical devices. Its stents, balloons, and catheters are used in hospitals around the world and they estimate that by 2025 they will have improved the quality of life of more than two million people.
iVascular transforms metal tubes into stents, plastic pellets into catheters, and designs its own polymers to improve the characteristics of its medical devices. With 90% exports, the company’s products are approved in more than 80 countries around the world.
The group expects to boost its turnover to more than €50 million this year. This figure would represent an increase of more than 30% in sales in 2021. Last year, iVascular had a turnover of €38.5 million. The company was founded in 2010 and has focused on vascular pathologies in three application areas: interventional cardiology, endovascular interventionism, and neuroradiology.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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