PRIMEDEQ INDIA PRIVATE LIMITED's Profile
PRIMEDEQ INDIA PRIVATE LIMITED
Business Category: Healthcare Marketplace Medical Devices Online Business Portal
Startup Stage: Revenue Generation
Structure of the Company: PVT Ltd.
Business Overview
Executive Summary: PrimedeQ is an eMarketplace for New & Pre-owned medical equipment buying, selling, renting, servicing, spares and related services, with a vision to be a one-stop destination for medical equipment in India/ South Asia. Medical equipment market in India is large, Rs 60000 Cr growing at CAGR of 15-18%, but highly fragmented & un-organized (especially for pre-owned equipment ~30% of total market). PrimedeQ is disrupting current market practices to solve a huge pain-point of the Small & Medium Hospital segment that has no organized mechanism to search, discover and transact for affordable new & pre-owned medical equipment in a trustworthy manner and find reliable service support. Since inception PrimedeQ has found success with ~250 hospitals across 6+ states and 65+ cities leveraging a Hybrid, Hub & Spokes operating model.
Market need: More than 90% of the 50,000+ private hospitals in India are less than 100-bedded, Small-to-Medium-sized-Doctor-Owned hospitals (SMH). A huge pain-point of the SMH segment is -: no organized mechanism to search, discover and transact for affordable new & pre-owned medical equipment in a trustworthy manner and find reliable service support. We are addressing this information gap & providing expertise in this ~$8Bn medical equipment market by bringing together buyers, sellers and service providers on one integrated platform - An e-Marketplace for medical equipment. We started out with pre-owned equipment which constitutes about 30% of total market. Access to affordable, good quality equipment and reliable services is crucial to successful delivery of affordable healthcare. Healthcare sector is growing at a CAGR of 15-18%. New facilities are especially coming up in SMH segment and in smaller towns. Major thrust on "Make in India" is encouraging several start-ups and indigenous manufacturers. For both customers and vendors, last-mile access through traditional on-field sales channels is neither cost-effective nor practical any more in the digital world especially Post-COVID. We need a practical and sustainable solution for this fast growing sector.
Product/Service description: PrimedeQ is an eMarketplace for New & Pre-owned medical equipment buying, selling, renting, servicing, spares and related services.
Customers/Users: Our target segment 1. Small & medium hospitals, typically 10-100 bed in size, doctor owned and operated in small towns and also metro cities. 2. Start-ups & domestic vendors looking for Go-to-Market partners & after sales service partners
Revenue Model: Our revenues come from three main areas 1. Fee from Equipment Sale, 2. Equipment rental, repair & maintenance Services and 3. Spares Sales
Current traction: Since inception in 2017, we have done business with ~250 hospitals across 6+ states and 65+ cities with a GMV of ~Rs 8 Cr.
Promoters' Information
Shanthi Mathur
Academic Qualifications: B.E, MBA
Professional Qualifications:
Past Experiences: 28 years - IBM India, ICICI Bank, Max Healthcare, Vaatsalya Healthcare and Asian Heart Institute
Achudhan Mani
Academic Qualifications: B.E
Professional Qualifications:
Past Experiences: Founder & MD - Avanttec Medical Systems & serial entrepreneur 35 years in Medical Equipment Field Ex GE Healthcare, Toshbro Medicals and Orbit Summit Health Systems.
Dr Sakshi Khandelwal
Academic Qualifications: BDS, MHA
Professional Qualifications:
Past Experiences: 12 years in Hospital management and Consulting
