Category: Industry News

[Funding alert] Healthcare startup Medikabazaar raises $15.8M in Series B round Read more at: https://yourstory.com/2019/11/funding-medikabazaar-series-b-health-quad-rebright-toppan-printing 0

[Funding alert] Healthcare startup Medikabazaar raises $15.8M (Rs 112 crores) in Series B round

Medikabazaar, a B2B online marketplace for medical equipment and supplies, has got Rs 112 crore in its latest funding round, led by a clutch of new and existing investors. Healthcare-centric VC firm HealthQuad, Belgium-based diversified group Ackermans & van Haaren, early-stage investment firm Rebright Partners and Japan’s Toppan Printing Co led the fundraise. The startup will use the proceeds to build on its technology suite, supply chain infrastructure and for augmenting its team, as...

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World Arthritis Day 2019: All you need to know about disease affecting millions around the world

According to Arthritis-India, around 15% of the population (approx. 180 million people) suffer from arthritis in the country. Arthritis in medical terminology, means joint pains and/or joint disorders. The disease affects people of all ages with symptoms lasting either for a short period of time or ending up being chronic in nature. It a widespread disease in India with a higher prevalence rate than AIDS, cancer, and diabetes. There are different forms of arthritis....

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World First Aid Day: History and relevance in today’s world

First-aid is defined as the medical assistance given to an afflicted person till the time they receivefull medical treatment. Usually it is the initialmedical action taken by a person, either a trained personnel or a non-medical civilian, to prevent the patients’ condition from worsening and give them a better chance of recovery. World First Aid Day is commemorated every year on 14 September, to spread awareness about the importance of being first-aid prepared in...

How healthcare can benefit from a digital landscape 0

How healthcare can benefit from a digital landscape

India is going through a wave of digitization. There are more than 400 million internet users while 51% of the population using the internet a daily basis. It is predicted that approximately 25% of the Indian population will be able to access social networks as opposed to around 23% in 2019. Due to prominent telecom service providers such as Jio, the internet has also penetrated the rural areas which earlier were primarily said to...

How to choose the right hospital equipment provider online 0

How to choose the right hospital equipment provider online

Any healthcare set up should invest in purchasing the right hospital equipment. It needs to be prepared to handle every medical case that passes through its doors 24×7, 365. Medical technology is the very essence of the healthcare sector, accounting for almost 30-40% of the total cost. Any high-end hospital equipment has a life-span of 5-7 years and with the rapidly growing technological advancement, the replacement period will certainly reduce. Therefore the process of...

Top 5 trends disrupting the Medical Devices Industry 0

Top 5 trends disrupting the Medical Devices Industry

2018 is estimated to be an exceptional year for digital health due to the growing tech-enabled approach of the medical industry. Healthcare is embracing tech adoption like never before, which is evident through the increase in the use of tech-integrated medical devices. Innovation is driving the medical industry and will define the future of healthcare. Let’s take a closer look at some of the tech innovations that are powering modern medical devices this year:...

Trends Dominating the Medical Equipment Suppliers Industry in 2018 0

Trends Dominating the Medical Equipment Suppliers Industry in 2018

  The medical equipment suppliers witnessed phenomenal growth in 2017. The existing market value is estimated to be $389 billion as MedTech mergers and acquisitions increased steeply by a whopping 178%. It is apparent that technology will play an instrumental role in the incremental growth and evolution of the medical equipment suppliers. According to Evaluate Research, the MedTech market alone is estimated to grow at a CAGR of 5.2% and hit $ 529 billion...