Healthcare equipment- Indispensable Artilleries for Medical Professionals

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• Healthcare equipment- Indispensable Artilleries
  for Medical Professionals What is medical
  equipment?
• Taking a cue from the definition of medical
  devices given by the World Health Organization,
  healthcare devices are instruments or machines
  used to diagnose and treat diseases. Medical
  equipment requires calibration, periodic
  maintenance, repairs, and technical training for
  practical usage.
• Which are the most commonly used hospital
  healthcare devices?
• Hospitals are required to be well-equipped to
  handle various health hazards. The primary
  instruments and machinery needed to tackle simple
  to moderate complications include the following
• Stretchers
• Wheelchairs
• Anesthesia Machines
• Defibrillators
• ECG Machines
• USG Machines

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• What are the latest trends in the medical device
  industry?
• Hospital product manufacturers are cashing in on
  the phenomenal growth trajectory of the medical
  equipment sector. Some of the latest trends are
  listed below
• With the increase in life expectancy, the demand
  for medical equipment has increased appreciably.
  The world's elderly population, estimated at 607
  million in 2015, is expected to touch 1.8 billion
  by 2060.
• IoT (Internet of Medical Things) is an
  amalgamation of medical devices and applications
  to bring IT systems to healthcare.
• The increase in robotics surgery is defining the
  healthcare devices industry.
• Expansion in the usage of 3D printing technology
• Computer vision is catching up as the latest
  trend.
• The global medical contract manufacturing
  industry was worth around 210 billion in 2021
  and is expected to grow at a CAGR of 9.6 by
  2030.
• What is the market scenario of the Indian
  healthcare equipment sector?
• India is among the top 20 markets for medical
  equipment worldwide. The market size was
  estimated at around 10.36 billion in 2020. Its
  expected to grow at a CAGR of 37 to touch the
  50 billion mark by 2025.
• Though India is still heavily import-dependent in
  this sector, the export figure stood at around
  2.51 billion in 2019-20. This figure is
  estimated to reach 10 billion by 2025.

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