Tolexo has been striving to bring in quality as well as quantity, by enriching the sub segments in medical supplies
If the recently concluded Indian Medical Expo 2016 is anything to go by, the medical electronics industry, presently, is expanding at the rate of 17 per cent CAGR. This expansion, it attributes to the increasing aged population with easy availability of up to date healthcare solutions and most importantly the increasing disposable income. Down pinning this growth is the fact that medical sector still has infrastructural, technological and production deficiencies.
“Contemplating the market sentiment, there is an urgent need of a makeover, waiting to happen for a long time now,” said Navneet Rai, Co-founder, Tolexo, a leading market place for business and industrial goods.
Going by the facts stated above, medical supplies has seen an uptick in demand but not in supply. Worth mentioning is the growth in the last couple of months, for Tolexo, as it introduced a complete new horizontal of medical supplies. In the not so distant past, this sector was reeling with supply side restraints (quality as well as quantity) but with a glut in demand.
Tolexo’s operations in the medical supplies vertical has brought in much required assistance by solving the supply restraints with the widest assortment, competitive prices with convenient delivery services to even the most untapped markets in India. It caters some prominent sectors like Indian Army, hospitals like Metro Hospital, Mumbai; Rajeev Gandhi Hospital etc. Tolexo’s buyers also include big giants like Mahindra and Mahindra, and institutes like Jawaharlal Nehru University. Certainly another trailing factor that marred the medical sector is the slackness entailing technological advancement. Taking a note, Tolexo has on board the best brands which have contributed to technology upgradation and provide reliable healthcare solutions. Domestic demand is surging and hence, the emerging requirements for refinement, to fill the gap.
As a big industrial giant, Tolexo has been striving to bring in quality as well as quantity, by enriching the sub segments in medical supplies. From diagnostic instruments to medical consumables, hospital equipment to hospital furniture, and also offering orthopedic products, it has a wide variety on offer. Product management has gained a lot of prominence as quantity shortage gives way to structural hassles.
“We are stressing on the fact that delivering the product is necessary, but product availability is the utmost urgency. Following this, we are already equipped to provide turnkey solutions to segments like pathology labs, blood banks, etc, to begin with, with more segments to be added in the near future”, expressed MK Singh, GM – Category Management, Tolexo.
Tolexo’s market outreach is quite impressive as is in the case of its parent company, IndiaMart with various selling platforms which include Tolexo’s mobile app, website, telesales and direct sales team. Taking a cue from the soon to happen Express Technology Sabha, Tolexo is eyeing a huge potential in the technology and internet penetration to fill up supply side deficiencies in the medical sector.