Terumo Penpol

What Terumo Penpol does

Terumo Penpol Private Limited is a wholly-owned subsidiary of Terumo Corporation (Japan) and a manufacturer of blood collection, processing, storage, and transfusion medical devices headquartered in Thiruvananthapuram, India. The company originated in 1983 as Peninsula Polymers, was acquired by Terumo Corporation in 1999, and now operates one of the world's largest blood bag manufacturing facilities with 40 million Single Bag Equivalents annual capacity across two ISO 13485-certified production sites in Kerala. Its product portfolio spans the full blood management value chain — blood bags, leukocyte reduction filters (patented polyurethane sieving technology), sterile connecting devices (proprietary 300°C wafer welding), tube sealers using 40.68 MHz RF technology, blood collection monitors, donor stations, automatic component extractors, blood bank refrigerators, -40°C and -80°C plasma freezers, and platelet incubators with Peltier-effect thermoelectric cooling. The company also distributes Terumo BCT's apheresis and cell therapy systems (Trima Accel, COBE Spectra, Spectra Optia, Reveos, Mirasol) across India and select export markets.

Terumo Penpol sells to blood centers, hospital blood banks, and research institutes through an enterprise direct-sales model with four Indian regional offices (Kolkata, Mumbai, Chennai, New Delhi) and exports products to 59 countries via the parent Terumo global distribution network. Revenue is generated primarily through hardware sales of consumables (blood bags, filters, transfusion sets) and capital equipment (collection monitors, tube sealers, refrigerators, freezers), with an internal Innovation & Development Division providing R&D services that collaborate with Terumo BCT centers in the US, Japan, Vietnam, and Northern Ireland. The workforce totals approximately 1,500 employees, and the company holds extensive quality and safety certifications (ISO 9001, ISO 13485, ISO 14001, ISO 45001, OHSAS 18001, GLP) plus DSIR R&D recognition. Customer references include AIIMS, Max Healthcare, SGPGI, Lakeshore Hospital, and SCTIMST; the company was recognized with a Government of India National Award in 1999 for indigenous development of blood bag technology.

Name

Terumo Penpol

Legal name

Terumo Penpol Private Limited

Website

https://terumopenpol.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Terumo Penpol is an India-based, wholly-owned Terumo Corporation subsidiary that manufactures blood bags, collection/processing/storage medical devices, and distributes apheresis systems for hospitals, blood centers, and research institutes across India and 59 export markets.

Ownership category

akta.pro rank

Product category

Blood Collection and Transfusion Medical Devices

NAICS

Surgical Appliance and Supplies Manufacturing (339113), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Medical Equipment and Supplies Manufacturing (3391)

SIC

Surgical & Medical Instruments & Apparatus (3841), Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Single-Use Technologies (SUT) & Disposable Fluid Management (bags, assemblies, connectors) (HLAAAJAC)

akta.pro secondary industries

Cold Chain, Cryopreservation & Biologics Storage/Handling Technologies (HLAAAJAN), Primary Pharmaceutical Packaging (Blister Packs, Bottles, Vials, Ampoules) (IMALAIAA)

Keywords

• Blood collection devices
• Blood bag manufacturing
• Apheresis systems
• Transfusion medical equipment
• Blood bank consumables

Headquarters

HQ city

Thiruvananthapuram

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Blood Bags and Disposables: Manufacture and sale of whole blood collection equipment and kits including blood bags, processing kits, storage solutions, and transfusion sets. Production capacity of 40 Million Single Bag Equivalents per annum making it one of the world's largest blood bag manufacturing facilities.
2. Medical Equipment: Assembly and sale of approximately 21 different equipment used in the whole blood collection process. Close to 4000 units produced every year including blood collection monitors, tube sealers, donor stations, platelet incubators, blood bank refrigerators, and deep freezers.
3. R&D Services: Innovation and Development division supports global product development and collaborates with Terumo BCT I&D centers worldwide on new product development, testing, and evaluations.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Terumo Penpol manufactures and sells medical devices and disposables for the entire blood transfusion value chain, including whole blood collection bags, blood collection monitors, donor stations, tube sealers, sterile connecting devices, automatic component extractors, leukocyte reduction filters, blood bank refrigerators, deep freezers (-40°C and -80°C), platelet incubators, plasma baths and Terufusion transfusion sets. The company also distributes Terumo BCT's apheresis systems (Trima Accel, COBE Spectra, Spectra Optia), whole blood automation (Reveos) and Mirasol pathogen reduction technology. Products are manufactured at two ISO-certified facilities in Thiruvananthapuram, India, with 40 million single bag equivalent capacity and exports to 59 countries.

Product overview

Terumo Penpol is a comprehensive blood management and transfusion technology company offering a unified platform of blood center solutions across the entire blood processing value chain. The product portfolio centers on Whole Blood Collection equipment including Blood Bags, Blood Collection Monitors, Donor Stations, and Tube Sealers, complemented by Processing equipment such as the Composcale & Plasma Expressor, Sterile Tubing Welders, and Automatic Component Extractors. Storage solutions include Blood Bank Refrigerators, Deep Freezers (-40C and -80C), and Platelet Incubators. For blood issue and transfusion, they offer Terufusion Blood Transfusion Sets, Imuguard III Filters, and Plasma Baths. The company also distributes Terumo BCT's apheresis systems including the Trima Accel Apheresis System and COBE Spectra for automated collections, Spectra Optia for therapeutic systems, and Mirasol pathogen reduction technology. The 40 million single bag equivalent capacity makes it one of the world's largest blood bag manufacturing facilities. Products are manufactured at two facilities in India - the Blood Bag Factory and Medical Equipment Division, both ISO certified.

Differentiator

Problem solved

Functional benefit

Products and services

• Blood Bags Blood collection bag systems made from superior raw materials ensuring quality, biocompatibility and safety, including features such as needle injury protector (NIP), Leur adaptor with holder (LAH) and pre-donation sampling bag (PDB). Used by blood banks, blood centers and hospital transfusion services for whole blood collection.
• Trima Accel Apheresis System Automated blood collection system using centrifugation to separate whole blood into platelets, plasma and red blood cells, collecting components based on customer-configured priorities and donor physiology. Used by blood centers for component apheresis donations.
• COBE Spectra Apheresis System Therapeutic apheresis system using continuous flow centrifugal technology for customized patient procedures including therapeutic plasma exchange, red blood cell exchange, stem cell collections and cell depletions. Used by hospital transfusion medicine departments.
• Spectra Optia Therapeutic apheresis equipment and related disposables for patient treatments including red cell exchange, plasma exchange and cell collections. Used by hospitals for therapeutic apheresis procedures.
• Mirasol Pathogen Reduction Technology Pathogen reduction system for blood products that enhances transfusion safety by reducing pathogens in whole blood and plasma components. Used by blood centers and hospital blood banks.
• Reveos Whole Blood Automation Automated whole blood processing system for blood centers that streamlines the separation of whole blood into standardized therapeutic components.
• Terufusion Blood Transfusion Set Blood transfusion set featuring Terumo's unique 18G hypodermic needle, flow regulator, 170–210 micron filter and sterility assurance level of 10-6 for vein-to-vein safety. Used by hospital transfusion services.
• Imuguard III RC & PL Filters Leukocyte removal filters made from patented biocompatible segmented polyurethane material that removes leukocytes from blood components via a sieving mechanism to prevent WBC-associated transfusion reactions; residual leukocyte content less than 5 x 10^6. Used by blood banks and hospital transfusion services.
• Blood Collection Monitor (D601) Specialized monitor for standardizing and simplifying blood collection with stable agitation, accurate weighing and battery backup for use in donation camps. Used at donor stations and mobile blood collection drives.
• Donor Station (DC 200) Total donor station with adjustable donor positions to handle vasovagal attacks, compatible with Blood Collection Monitor interface, designed to EN 60601-1 safety standards. Used by blood centers and mobile collection teams.
• Luxury Donor Station (LC300) Premium donor couch designed for enhanced donor comfort and safety during blood collection procedures. Used by blood centers and hospital donor rooms.
• Blood Collector (TRAC II) Recording and automatic blood collector that standardizes blood collection with automated volume monitoring. Used at donor stations.
• Portable Tube Sealer (LM100E) Handheld, battery-powered tube sealer using 40.68 MHz RF technology for hermetic snap-apart seals with over 1000 seals per full charge and built-in safety features. Used in mobile blood collection and component preparation.
• Tube Sealer (XS1010) Bench-top tube sealer producing hermetic seals through 40.68 MHz RF waves, minimizing contamination and haemolysis, tested for over 2 million continuous seals. Used at blood processing benches.
• Sterile Tubing Welder (SCD IIB) Compact unit for sterile connections creating strong, biocompatible welds with 30-second weld cycle interval while maintaining a functionally closed system. Used for sterile docking of blood bags.
• Terumo Sterile Connecting Device (TSCD-II) Sterile welding device for PVC tubes using Terumo's proprietary wafer technology at approximately 300°C, suitable for dry-dry, wet-dry or wet-wet connections without producing particulates or chemical residues. Used by blood banks for sterile transfer.
• Terumo Automatic Component Extractor (T-ACE II+) Highly flexible automatic blood component extractor with 11 programmable programs, microprocessor-based electronic process control and integrated scales for standardized processing and complete traceability. Used by blood centers to separate whole blood into components.

Quantifiable outcome

• 40 Million Single Bag Equivalents capacity per annum
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Seven partnerships are on record, tiered flagship, minor and core.

• Japan India Institute for Manufacturing (JIM)flagshipStrategic or Co-development Partner · 28 December 2018Terumo Penpol selected as partner for collaborating with Japan India Institute for Manufacturing (JIM), a joint initiative by Ministry of Economy, Trade and Industry (METI) Japan and Ministry of Skill Development and Entrepreneurship, India. Japanese Ambassador to India inaugurated the event at Terumo Penpol Blood Bag Factory. Aim is to train 30,000 young people in India in Japanese manufacturing and shopfloor practices by 2026.
• Stem Cell Donor Registry of IndiaminorStrategic or Co-development Partner · 1 January 2017Terumo Penpol supported stem cell drives and donor registry activities, with 128 students signing up as potential stem cell donors during Drishti Technical festival at College of Engineering Trivandrum.
• CMC VelloreminorStrategic or Co-development Partner · 1 January 2015Terumo Penpol supported CMC Vellore to develop a mobile platform based application for Voluntary Blood Donor Engagement.
• Terumo BCT (formerly Caridian BCT)coreStrategic or Co-development Partner · 1 January 2011With Terumo's acquisition of Caridian BCT, Terumo became the world leader in Blood Management. The Apheresis and Cellular Therapy products of Terumo BCT complement Terumo Penpol products to provide a full range of blood collection, storage and processing solutions for Hospitals and Blood Centres in India and other countries.
• Terumo Corporation, JapancoreOthers · 1 January 1999Terumo Corporation acquired majority shares in 1999, transforming Peninsula Polymers to Terumo Penpol. Terumo Corporation is a Japanese company with JPY 489.5 billion revenue, presence in over 150 countries, 22 factories worldwide, and 19,934 employees. This partnership enabled Terumo Penpol to harness combined strengths in technology and manufacturing.
• TTK PharmaminorChannel Partner/ Reseller/ Distributor · 1 January 1989Original sole sales agent for Penpol products when production began in 1987.
• Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST)coreStrategic or Co-development Partner · 1 January 1983Original technology partner when Peninsula Polymers was founded. Partnered with SCTIMST (then Chitra Medical Centre) to start production in 1987. SCTIMST continues as customer and awards Terumo Penpol for blood donation camp organization.

Scale indicators5 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Baxter International: Large diversified medical products company with IV solutions, blood storage, and adjacent transfusion-related offerings. A broad incumbent player whose blood-handling portfolio partially overlaps with Terumo Penpol's storage and processing equipment.
• Becton, Dickinson and Company (BD): Diversified global medical technology giant with a substantial blood collection and diagnostics specimen-management franchise (e.g., Vacutainer). Overlaps with Terumo Penpol on certain collection/disposal categories but as part of a much wider portfolio.

Regional players

• Sichuan Nigale Biomedical: Chinese blood bag and transfusion medical device producer primarily serving domestic and select Asian markets. Comparable product range to Terumo Penpol, but geographically focused on China and not directly competing in India or developed Western markets.

Direct peers

• Fresenius Kabi: Global medical devices and pharmaceuticals company with a major blood collection, processing and transfusion disposables portfolio (blood bags, components, transfusion sets). Most direct large-scale competitor to Terumo Penpol across product categories and geographies.
• Macopharma: French-headquartered pure-play blood bag and transfusion product manufacturer with a comparable mix of disposable blood bags, filtration, and pathogen reduction offerings. Closest niche specialist peer to Terumo Penpol in scale and product depth.
• JMS Co., Ltd. Japanese medical device manufacturer of blood collection bags, IV solutions, and transfusion disposables. Direct competitor in Japanese and broader Asian blood bag markets, with similar national-quality positioning.
• Haemonetics: US-based blood management solutions company offering devices and disposables for plasma collection, platelet and red cell apheresis, and blood center automation. Direct overlap with Terumo Penpol/Terumo BCT in blood center equipment and disposables.
• Grifols: Global blood plasma and transfusion medicine company producing blood collection bags, filtration, and processing devices as part of a broader plasma-therapy business. Strongly comparable on whole blood and component handling disposables.
• HLL Lifecare Limited: Indian government-owned manufacturer of blood bags, contraceptives and medical devices. The most direct domestic Indian competitor to Terumo Penpol in the blood collection bag segment, often competing on public-sector tenders.
• Polymed Medical Devices: Indian medical device manufacturer with a blood collection and transfusion product portfolio serving hospital and blood-bank customers. Direct Indian peer competing on similar low-cost, quality-certified consumables.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

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Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Terumo Penpol