DIGITAL MARKETPLACE MODEL OF MEDIKABAZAAR IS AIDED BY SUBSTANTIAL ON-GROUND INFRASTRUCTURE
Please share key professional and/or Organisational highlights /Achievements of 2022
For us, 2022 was a year of enormous promise and growth. Whether it's the opening of a new global office in Dubai, Sharjah, Singapore and China to serve European, Middle East and African markets. We have International Customers across North America, Brazil, EU, Africa, Middle East, Far East & South East Asia.
We have also opened number of warehouses in Tier 2, Tier 3 cities in India to bridge the gap between sellers and medical establishments for a streamlined and cost -effective procurement.
We have also diversified into Hospital Infrastructure Projects vertical that helps in providing turnkey solutions including design to build acute care areas such as Transit Hospitals, Temporary Medical Infra, Hospital Medical Gas Management Systems, Modular Operating Theatres and ICUS.
In line with our mission of Transforming Healthcare, we have launched the pilot drone project to transport medical supplies and assess the potential of drones as a means of alternative lastmile delivery option, especially for emergency scenarios. We have launched on-demand Equipment Lifecycle Management vertical MBARC to ensure timely service and uptime along with facilitating the recycling of capital-intensive medical devices from large hospitals in metros to mid-size hospitals in smaller towns thus driving affordability and accessibility of healthcare services beyond Tier 1 and 2 towns.
With MBFREEDOM, we help our customers to avail easy and fast financing at affordable interest rates through our financial lending partners. We have also launched India’s first premium Scrub brand NEXAGE. Nexage is antimicrobial scrub, enticing natural choices featuring the newest international trends in fit, fabric, and fashion.
Medikabazaar has been able to garner significant corporate visibility and has won over 50 Awards in the areas of Digital Transformation, Cutting Edge Technology, Supply Chain, Preferred Brand and a Great Employer.
What has helped you a lot Strategy or Perseverance or both in 2022?
The primary strategy for 2022 was diversification and expansion. Medikabazaar has expanded its warehouse capacity across India to bolster the company's supply chain infrastructure and B2B Healthcare
As a part of FY22 expansion plan, we have opened India’s second and North India’s first state-of-the-art Dental laboratory in Gurugram. With the advent of computer-aided design and computer-aided manufacturing (CAD/CAM), the laboratory will be supplying more than 50,000 dental crowns and implants each year.
Medikabazaar has also launched new tech solutions like MBARC an end-to-end platform to help hospitals manage their biomedical assets), Mbfreedom (easy financing solutions for B2B clients like hospitals and medical institutes).
We are committed to driving affordability, accessibility, availability, and awareness in medical care through a robust digital platform and strong on-ground execution capabilities to bridge the gap between sellers and medical establishments for a streamlined and cost-effective procurement.
Did pandemic impact organisational restructuring or overhauling, if yes Please share your approach.
During the challenging COVID-19 environment, our focus was on operational excellence and the availability of medical supplies across the nation. This has helped us navigating the crisis. Even in a post-pandemic world, these lessons enabled us to maintain high levels of resilience and operational efficiency in a changing environment.
Medikabazaar has grown at a quick pace in FY22 and widen its scale in comparison to other players in the hospital supply space. We have partnered with over 13000 suppliers and cater to 100,000+ medical establishments, 1.5 Lac Independent Practitioners, have catalogue of >700,000 products.
How agile are you/ your organization to respond to critical challenges in public healthcare or economics sphere ?
We follow medical norms and standards while keeping an eye on the ever-changing landscape of the expanding Indian healthcare industry. As a result, we can better understand our clients' needs and develop tailored solutions for them.
We are always focused on developing technological and digital solutions to alter the healthcare landscape in India. We have integrated new technologies into our operational processes and practices to respond to critical challenges in public healthcare or economics sphere.