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India's healthcare equipment and services market is a $11 billion behemoth, projected to surge to $50 billion by 2025. This rapid growth is fueled by factors like rising incomes, increasing awareness, and government initiatives.
Hospitals, diagnostics, and medical devices are the top segments, with the government playing a crucial role in procurement.
The Indian government procures a wide range of healthcare equipment and services, including:
Medical devices: Dialysis machines, ECG machines, X-ray machines, etc.
Hospital supplies: Bandages, syringes, medicines, etc.
Diagnostics services: Blood tests, X-rays, MRIs, etc.
Telemedicine: Remote consultations, online medical records, etc.
These procurements help improve healthcare access and affordability for millions.
Several key authorities govern India's healthcare equipment and services procurement:
CGHS (Central Government Health Scheme): Provides healthcare to government employees.
MoHFW (Ministry of Health and Family Welfare): Oversees national health programs.
PSUs (Public Sector Undertakings): Procure for their employees and hospitals.
These bodies ensure transparency, value for money, and quality in government healthcare spending.
Companies like HCG India, Trivitron Healthcare, and Philips India have emerged as leaders in supplying equipment and services to the government.
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