Explore Medical Equipment and Financing Solutions with Bajaj Finance

Secure financing to acquire essential medical equipment and medical devices to enhance your practice's capabilities.
Medical Equipment
3 min
19 February 2024

Healthcare technology, often referred to as health technology, encompasses a wide range of tools, devices, and systems designed to improve the delivery of healthcare services and enhance patient outcomes. Among the most crucial components of health technology are medical equipment and devices, which play a vital role in diagnosing, treating, and managing various medical conditions.

What is health technology?

Health technology, also known as health tech or medtech, refers to the application of scientific knowledge and engineering principles to develop innovative solutions that address healthcare challenges. It encompasses a diverse array of products and services, including medical devices, diagnostic tools, healthcare software, telemedicine platforms, and wearable devices, among others. Health technology aims to improve patient care, streamline healthcare processes, increase efficiency, and reduce healthcare costs.

What is medical equipment?

Medical equipment comprises instruments, apparatus, machines, and devices used by healthcare professionals to diagnose, monitor, treat, or prevent medical conditions. These devices range from simple tools like thermometers and stethoscopes to advanced equipment such as MRI machines, ultrasound scanners, and surgical robots. Medical equipment plays a crucial role in various healthcare settings, including hospitals, clinics, laboratories, and ambulatory care centres, enabling healthcare providers to deliver high-quality care to patients.

What are medical devices?

Medical devices are defined as any instrument, apparatus, appliance, material, or software intended for use in the diagnosis, prevention, monitoring, treatment, or alleviation of disease or injury. These devices may achieve their intended purpose through physical, mechanical, thermal, electrical, or chemical means. Examples of medical devices include implantable devices like pacemakers and artificial joints, diagnostic equipment like blood glucose metres and X-ray machines, therapeutic devices like ventilators and infusion pumps, and assistive devices like wheelchairs and hearing aids.

What are the types of medical devices?

Medical devices are classified into various categories based on their intended use, function, and level of invasiveness. Some common types of medical devices include:

  1. Diagnostic devices: These devices are used to identify or confirm the presence of a disease, condition, or physiological parameter. Examples include blood pressure monitors, glucose metres, ECG machines, and MRI scanners.
  2. Therapeutic devices: Therapeutic devices are designed to treat, alleviate, or manage medical conditions through physical, mechanical, or biological means. Examples include ventilators, dialysis machines, nebulisers, and defibrillators.
  3. Monitoring devices: Monitoring devices are used to continuously or intermittently measure and record physiological parameters such as heart rate, blood pressure, oxygen saturation, and temperature. Examples include pulse oximeters, Holter monitors, and continuous glucose monitors.
  4. Surgical instruments: Surgical instruments are tools used by surgeons and other healthcare professionals during surgical procedures to manipulate tissues, organs, and other anatomical structures. Examples include scalpels, forceps, retractors, and surgical scissors.
  5. Implantable devices: Implantable devices are surgically inserted into the body to replace or support a biological function, deliver medication, or monitor physiological parameters. Examples include pacemakers, artificial joints, intraocular lenses, and contraceptive implants.

List of medical equipment




Multipara patient monitor

Baby puff

Operating theatre

Syringe pump

Bubble CPAP

Anesthesia workstation

Infusion pump


Boyles apparatus


Ebrace nest



Infant incubator / transport incubator

Cautery machine


Infant ventilator / transport ventilator

Ultrasound machine

ECG machine

Phototherapy unit

Patient monitor with ETCO2 module

ICU cots

Pulse oximeter

Patient monitor

ABG machine

Radiant warmer

Laproscopy unit complete

Bajaj Finserv Medical Equipment Finance

Bajaj Finserv offers Medical Equipment Finance to healthcare professionals, enabling them to acquire advanced medical equipment and technology to enhance patient care and practice efficiency. With competitive interest rates, flexible repayment options, and quick loan disbursal, Bajaj Finserv Medical Equipment Finance provides healthcare providers with the financial support they need to invest in state-of-the-art medical devices and equipment. Whether you are a doctor, hospital administrator, or healthcare entrepreneur, Bajaj Finserv Medical Equipment Finance can help you upgrade your practice and deliver superior healthcare services to your patients.

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Frequently asked questions

What are the 5 types of medical equipment?

The five main types of medical equipment include diagnostic, therapeutic, life support, laboratory, and durable medical equipment. Diagnostic equipment aids in diagnosing medical conditions, therapeutic equipment is used for treatment, life support equipment sustains vital functions, laboratory equipment assists in testing and analysis, and durable medical equipment provides support and assistance for patients with long-term medical needs.

What are some of the medical equipment?

Some essential medical equipment includes diagnostic tools like X-ray machines and MRI scanners, therapeutic devices such as ventilators and infusion pumps, life-saving equipment like defibrillators and heart monitors, laboratory instruments including microscopes and centrifuges, and durable medical equipment such as wheelchairs and hospital beds.