adminPrior to the adoption of multiple foreign currencies in 2009, most health institutions were failing to buy new equipment due to high inflation, leaving most of them with obsolete machinery.
Jet Lab Medical Solutions managing director Mr Jethro Mukome said the sector had registered a growth of between 50 and 60 percent.
“We are now supplying more equipment with some clients even paying cash. Compared to 2009, the sector has witnessed a growth of 50 to 60 percent mainly due to dollarisation of the economy.
“The economy has generally picked up and most institutions now have disposable income,” he said.
Mr Mukome said the increase in funding to public health centres had triggered expansion of the sector resulting in a rise in demand for medical equipment and consumables.
He said increasing awareness of the need for health centres to maintain high standards was also pushing business up.
Xcelmed Company general manager Ms Emmah Chishakwe said the sector was poised for further expansion.
“We are now in a better place compared to where we were as more health institutions are rebranding and revamping operations.
“Most of the people are actually getting dental, medical, laboratory equipment and consumables locally.
“There will be more business ahead of us. The sector will continue to rise steadily. Next year business will be even better judging from the enquiries we are receiving at the moment,” she said. — New Ziana.
derick.khumalo
Online Reporter