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The MedTech industry is worth $500 million. However, it can be expensive to set up a MedTech. There are sophisticated medical technology companies or health centres which might be expensive to start. Such medical technology setups include the use of products such as pacemakers, imaging instruments, dialysis machines, implants, etc. Nevertheless, there are less-sophisticated MedTech companies that are cheaper to set up but profitable in the long run. These MedTechs largely run on software and smaller devices that are compact and mobile. In this article, I discuss four innovations you deploy in creating a cheaper MedTech company.
Engage In Q-Commerce
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MedTech companies in Nigeria can adopt Q-Commerce for quick delivery of drugs, blood, and total healthcare services. For instance, Q-commerce can help MedTechs in emergency cases. The use of mini-vans and motorcycles is a good way to go for MedTechs. With a MedTech app, users can access full home service in the healthcare industry.
Digital Consulting And Advisory
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For example, a user can access health tips, diagnose symptoms, receive health guidelines, get drug recommendations, and so on through MedTech software can boost your MedTech company. Imagine if your MedTech software app is a one-stop shop for everything health, including receiving one-on-one medical attention with a medical doctor or placing a directory platform where users can receive information on where to go for surgery or treatment for serious illness in a location near them.
Drug Verification And Authentication
Closing RemarksThis article has shown that starting and running a MedTech startup mustn’t be too sophisticated and expensive to set up if you simply adopt simpler technologies that work with software. We looked at various innovations that can be adopted through the use of software such as q-commerce, which can help medical practitioners offer users quick access to medical services. Also, the adoptions of wearables are products medical practitioners can sell to customers, who can through these wearables access data concerning users’ health. Other innovations include digital consulting and drug authentication software. Featured Image Source: Pinterest
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