Investing in Medical Equipment Online

1. Investing in Medical Equipment Online Indian Healthcare & Medical Equipment Market - India’s healthcare market is worth US$ 100 billion and is expected to grow to US$ 280 billion by 2020, displaying a CAGR of 22.9%. India requires about 7 lakh additional beds over the next five to six years, which indicates an investment opportunity of US$ 25-30 billion. According to the Department of Industrial Policy and Promotion (DIPP) hospitals and diagnostic centers attracted FDI worth US$ 3.21 billion between April 2000 and September 2015. - - As is evident from the above mentioned statistical data, with the Indian healthcare market in an upbeat mood, the scope for medical equipment is also on the rise. Medical equipment (durable, core and home equipment) forms a strong foundation of support for healthcare professionals in both diagnosis as well as treatment. Medical Equipment Investment The need for the purchase of new equipment or replacement of existing medical equipment is explicated as follows: 1.Repair and maintenance - The tasks of maintenance, checking of natural wear and tear and operational errors of medical instruments and equipment is entrusted on the biomedical department. Hospitals also have Annual Maintenance Contracts (AMC) with the brands or products’ service centers. The purchase of new equipment is validated if there are frequent breakdowns. 2.Objectives –Type of patients and hospital’s policy sometimes plays a decisive role in purchasing a new technology or starting construction work in the premises. Therefore, the objectives of the organization take precedence over purchase of sophisticated machinery. 3.Outdated technology – The task of buying medical equipment for hospitals includes research and development on any additional features in the new machine and also if the technology or software is better than the previous machine. This involves financial evaluation too.

2. Online Medical Equipment Nowadays, purchase of medical equipment online is a viable option for those who prefer the convenience of shopping anywhere, anytime. Plus, one can purchase devices of reputed brands, at lower cost and with good customer service. There are many sites that offer good quality medical equipment for hospitals. A leading name in such sites offering reputed brands of medical equipment including General and Micro Surgery, ENT and Ophthalmology is www.medfirstindia.com. Medfirst has the distinction of being India’s first and largest online portal for world-class hospital equipment, patient care and clinical products. Conclusion So, whilst the purchase of medical equipment is necessary to support the buoyant healthcare structure of the country and ultimately benefit the end user; it is pertinent to purchase new apparatus after consideration of all the imperatives in tandem with strict adherence to stringent quality standards and international safety guidelines.