Signel Biomedical offers a centralized B2B procurement platform that streamlines healthcare supply chains for hospitals, clinics, and diagnostic centers. Our platform provides a one-stop solution for medical consumables, disposables, and equipment, replacing fragmented supply chains. With AI-driven inventory management, we enable real-time tracking, automated reordering, and demand forecasting, preventing stockouts and overstocking. We help achieve up to 70% cost savings through bulk purchasing and supply chain efficiencies. Our reliable logistics ensure timely deliveries, while simplified operations, including consolidated invoicing and payments, reduce administrative overhead. Additionally, we provide comprehensive post-sale support with maintenance and repair services for medical equipment. Flexible B2B financing options are also available for large-scale purchases.
Startup Description
Signel Biomedical empowers healthcare providers by reducing costs, improving operational reliability, and simplifying processes. Our platform allows healthcare facilities to focus on delivering superior patient care while we handle the complexities of procurement and supply chain management. By addressing key challenges in the healthcare supply chain, Signel offers an integrated solution that enhances efficiency and sustainability for healthcare providers.
Business Model
Signel Biomedical's business model is primarily :
1. Recurring Consumables and Disposables (60%):
We supply essential medical consumables and disposables such as syringes, gloves, masks, and other supplies needed daily or weekly by hospitals, clinics, and diagnostic centers.
2. Medical Equipment Sales and Services (40%):
Revenue is generated from the sale of medical equipment like diagnostic tools, devices, and machinery, along with associated logistics, financing, and post-sale services.
Key Revenue Streams:
• Platform Transaction Fees: We charge a small transaction fee on each purchase made through the platform.
• Logistics and Delivery Charges: We generate revenue from the efficient and timely delivery of medical supplies and equipment.
• B2B Financing: We offer financing options for larger purchases, earning revenue from interest or financing fees.
Scalability and Profitability:
• High Margins: We achieve up to 70% margins on consumables and 10-15% margins on medical equipment sales.
• Recurring Revenue: The recurring nature of consumables and disposables provides a steady and scalable revenue stream.
Target Customer Segment:
Our primary customers include hospitals, clinics, and diagnostic centers, especially in Tier 2/3 cities and under-100-bedded facilities.
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2B
Competitors
1. Medikabazaar: B2B e-commerce platform focusing on large hospitals and urban areas but lacks personalized service and AI-driven inventory management.
2. Smart Medical Buyer: Targets urban hospitals but has limited presence in Tier 2/3 cities and lacks end-to-end services like maintenance.
3. StratMed: Group Purchasing Organization offering bulk purchasing but lacks advanced technology like AI-driven inventory management.
4. Local Distributors: Serve small hospitals in Tier 2/3 cities but are fragmented, unreliable, and inefficient, leading to high costs and delays.
Signel Biomedical differentiates by offering a centralized platform with AI-driven inventory management, 70% cost savings, reliable delivery, and post-sale maintenance, specifically targeting underserved Tier 2/3 cities and under-100-bedded hospitals.
Are all the founders full-time on this
project?
Yes
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