This story is from January 05, 2022
Canon
, one of the leaders in digital imaging, is looking at a healthy double-digit growth in India in 2022.Manabu Yamazaki
, president and CEO,Canon India
, told TOI that there is a surge of high-end camera devices and photography as well as album printing in the wedding season. “This trend is expected to continue in the future as well. We are optimistic about business opportunities for the India market and will be targeting double-digit growth for our camera business in the midterm period,” he said. The camera major wants to strengthen its footprint in medical imaging and surveillance solutions. “There has been an increased focus on the health sector in the country, with significant investments in medical technology. It will be a great opportunity for us to grow further in our medical imaging business in the domain of ophthalmology diagnostic imaging (eye care imaging) and X-Ray diagnostic imaging. Our medical business was strengthened with the acquisition of Toshiba, leading to the establishment of Canon Medical Systems,” he said. According to the Canon India CEO, the company will continue to expand its product propositions and presence across different parts of the country and focus on strengthening the existing core businesses while propelling the growth in the brand’s imaging expertise in multiple newer areas in India. Elaborating on the performance of the company in 2021, Yamazaki said that B2C was growing like never before in the past year, as even during the second quarter, it received orders for printers.“B2B business picked up at a fast pace in the third quarter onwards, with offices resuming in the corporate and government sector and the increase in hybrid working environment. Overall, we have seen an equal contribution from both the B2C and B2B businesses. As per B2C high-end mirrorless camera – picking up very fast,” he explained.Commenting on home printing solutions, another growth area, the Canon India CEO said that work from home and study from home provides big potential for its PIXMA range of printers in the home segment.
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