The
refurbished medical equipment market is expected to reach USD 11.91
billion by 2021 from USD 6.55 billion in 2016, at a compound annual
growth rate (CAGR) of 12.7 percent. Increasing privatization in the
healthcare sector, poor reimbursement scenario for various medical
treatments, large patient population base, and presence of a large
number of hospitals/clinics with budget constraints,
are
the major factors driving the growth of this market. Growing
initiatives undertaken by leading market players to establish
refurbishment facilities in both mature and developing markets are
further adding to the growth prospects.
Developing
countries like India are going to play an important role in the
coming years. With a large population and low disposable income,
refurbished medical equipment
will play a prominent role in the
setup of medical facilities
that
will provide low cost treatments.
Soma
Tech Pvt Ltd
has a leadership role in the Indian refurbished
medical equipment
industry. Catering to a vast segment, it has transformed the sector,
where high quality medical treatment can be availed
of
at low prices. In the long term, it benefits the nation. On a
micro-level, it benefits each and every medical practitioner who
wishes to setup his/her own medical facility. The low costs in
start-ups
allows a quicker ROI and low treatment costs which are passed
on
to the base consumer.
The
future is bright with Soma Tech’s expertise in quality
manufacturing and service rendering.
