Why You Should Sell Medical Equipment and Disposables on Oisto

05/19/2020
Why sell on Oisto

Now more than ever, medical supplies are in high demand. Hospitals and healthcare systems are paying higher-than-average for equipment and supplies they need to treat patients, and this is creating shortages within the manufacturing chain. Additionally, the growth rate of the medical industry is expected to skyrocket by 2025. It’s the perfect time to list your medical equipment for sale online. You will help fill in the gaps within the medical system while also making a profit.

 

Selling your used medical equipment and disposables doesn’t have to be hard. Oisto is here to make the process as painless and secure as possible. We will connect you to buyers all over the world that you might not otherwise have access to and sell your medical equipment through our safe and secure platform. If you can use Amazon, then you already know how to use Oisto! Here’s why you need to sell on Oisto.

What is Oisto?

 Oisto is a marketplace similar to Amazon that specializes in the buying and selling of new and used medical equipment. Oisto doesn't sell products. Instead, we serve as a platform that connects buyers and sellers all over the world. Customers are connected to sellers through our safe and secure platform where they can buy new and used medical products and disposables.

 

Our company was founded by three entrepreneurs who have over 20 years of experience in the medical supply industry. Oisto launched its services in January of 2020 before the COVID-19 outbreak. Our founders saw a need to make the buying and selling of medical equipment as easy as using Amazon. Oisto was born as the world’s future largest online medical equipment market to make the process as easy and profitable for sellers as possible.

 

We understand that you have concerns about the risks associated with selling online. Our goal is to take the pain and insecurity out of selling medical equipment online. We personally guarantee that your information is protected. Our platform is encrypted with the best security technology available. Plus, Oisto puts you in the driver seat of your business so that you’re in total control.

 

When you list your new and used medical products on Oisto, your products will be visible to customers all over the world. This helps expand your customer base and target audience. You can sell your items no matter where you are located in the world and your items will be available to potential customers that you might not be able to find on your own.

How Does It Work?

Oisto makes it easy for you to build your online business. It works by connecting buyers and sellers. When you sign up for an account on Oisto, You will be able to list your products for sale just like you would do on Amazon. Posting pictures and adding a description will help others find your products. Potential buyers will have the opportunity to contact you to ask questions. Each time you make a sale, your customers will have the opportunity to rate you as a seller. Becoming a highly-rated seller increases your potential income and allows you to stand out from the crowd.

 

As with other online marketplaces, Oisto has two types of fees for sellers. The first is an annual membership fee and the second is a referral fee. The annual membership fee for an Oisto account is $950. You can also pay in monthly increments of $99.99. Oisto is currently running a promotion by lowering the referral fee to 6% with the maximum fee capped at $450 with annual fees waived till 2021.

 

We have waived our marketplace annual fee until January of 2021 to give you even more incentive to sign up now. Sellers are only required to pay when the product is sold. The annual fee for sellers who join Oisto before January 1, 2021 will be grandfathered and locked at $950 per year regardless of any future annual price increases. As an introductory promotion, Oisto has also waived the onboarding fee, which entails the seller’s account setup and product migration from any website or marketplace. All other standard transaction fees apply.

 

Here are the highlights of current Oisto prices and discounts for sellers:

 

  • Sellers only pay when their product gets sold
  • There are only two fees associated with an Oisto account: an annual membership fee and a referral fee
  • The annual membership fee is $950 or you can opt-in for a month-to-month membership of $99.99.
  • As a promotion, Oisto has currently lowered the referral fee to 6% with the maximum referral fee capped at $450
  • Oisto has waived the marketplace annual fee until January 2021

Benefits of Selling on Oisto

Now is the time to sell your used medical equipment. Research shows that the medical equipment and device industry is expected to grow exponentially within the next few years. As of 2018, the global medical device market reached an estimated value of nearly $423.8 billion. Since 2014, it has seen a compound annual growth rate (CARG) of 5.28% and is expected to grow to nearly $521.64 billing by 2022 with a CAGR of 5.33% (1). These estimates were predicted before the coronavirus outbreak began and may not reflect the changes that the pandemic will have on the medical supply system in general.

 

The growth rate of the medical industry is determined by measuring the following factors:

 

  • The rapid growth rate in the elderly population
  • A strong economic growth and access to healthcare systems in many rising countries
  • The adoption of advanced technology among medical device manufacturers
  • The rising healthcare expenditure across the world

 

In the future, factors such as faster worldwide economic growth, technological advances within the industry, and the increase of chronic diseases are expected to drive the market. The medical device industry can be separated by type of equipment into the following categories (1):

  • In-vitro Diagnostics
  • Dental Equipment and Supplies
  • Ophthalmic Devices
  • Diagnostic Imaging Equipment
  • Cardiovascular Devices
  • Hospital Supplies
  • Surgical Equipment
  • Orthopedic Devices
  • Patient Monitoring Devices
  • Diabetes Care Devices
  • Nephrology And Urology Devices
  • ENT Devices
  • Anesthesia And Respiratory Devices
  • Neurology Devices
  • Wound Care Devices

In 2018, the cardiovascular device segment was the largest category of the medical device industry. It accounted for $64.5 billion or approximately 15.2% of the entire market. The next largest categories were in-vitro diagnostics and diagnostic imaging equipment. Experts predict that the fastest-growing markets will be patient-monitoring and diabetes care device segments with CAGRs of 8.2% and 7.6%, respectively (1). Research shows that the top opportunities in the global market will be in the cardiovascular device segment. This is estimated to gain $16.17 billion in annual sales by 2022.

Other research supports the notion that the future of the medical device industry is bright with plenty of opportunities in homecare and hospital sectors. The medical equipment industry is expected to reach $432.6 billion by 2025 with a CAGR of 4.1% from 2020 to 2025 (2). Emerging trends, such as 3D printing, also have a direct impact on the medical industry. Devices such as Al-Optimized medical devices, wearable medical devices, and miniaturized devices will likely be in high demand (2). The possibilities are endless in the future of medical equipment sales.

Now is the perfect time to take your business to the next level by selling on Oisto. We connect sellers and buyers all over the world, no matter where the demand is. You will gain exposure to your products that you might not normally get if you were to sell them on your own. We will be there every step of the way to ensure your success. With various promotions available and a growing demand for medical equipment, there is no reason to wait to list your equipment on Oisto’s site.


Check out this comprehensive list as to why you should sell on Oisto

  • Oisto is simply the world’s largest medical equipment marketplace.
  • The medical industry is expected to skyrocket by 2025, which means that now is the perfect time to start selling on Oisto.
  • We are currently running a promotion where sellers pay no annual membership fee till January 2021.
  • Oisto is extremely user friendly and has a great seller support. Our account representatives are standing by to assist you anytime you need help from creating an account to uploading your inventory.  
  • You are in complete control of your business. Buyers can rate you based on their experience with you. Becoming a top seller can help you stand out and grow your Oisto sales exponentially.
  • Almost anyone can list products on Oisto.
  • There are no hidden fees and we are here to help you every step of the way.
  • User friendly platform that allows you to manage your inventory and track your sales.
  • You can build a multi-million dollar business completely online, without having to invest a dime into building, promoting and maintaining your own website.

Oisto can help make suggestions to your account to help you become even more successful. We’ll help you with listing information so that your products get as much exposure as possible. You will find that it’s easy to upload information and pictures about your product. Not sure what information you should list? Use our template to help display information needed to help buyers find you and provide an accurate description of your equipment. You can contact Oisto anytime through our chat feature and we’ll answer any questions you have about your account.

How To Sell On Oisto

Selling on Oisto is easier than you think. If you have ever used Amazon before, then you already know how to use Oisto! You can sign up by visiting the Oisto website and clicking on the registration link.

 

To register for an account, You will need to provide the following information:

 

  • Full name
  • Phone number
  • Email
  • Password

 

After you enter this information, You will be able to set up your profile and manage your account. You can also add products to your comparison and wish lists, track orders, and request returns. You will need to edit your profile details by entering your physical address. A confirmation email will be sent to the email address you registered with.

 

You can use your Oisto account to sell medical equipment that fits into the following categories:

 

  • Cardiology
  • Dental
  • Emergency and EMT
  • Endoscopy
  • Exam and diagnostic
  • Homecare and rehabilitation
  • Imaging
  • Laboratory
  • Monitoring systems
  • Neonatal
  • Ophthalmology and optometry
  • Physical therapy
  • Respiratory
  • Radiology
  • Sterile processing
  • Supplies and disposables
  • Surgical
  • Testing equipment and tools

 

When you list your product, You will be able to upload several photos of your item. Along with product description you can also enter the product’s condition, what country the product is located in, and the MPN. Vendor information will also be provided as well as any ratings provided by buyers. Once your product goes live, it will be visible to buyers all over the world. Oisto’s seller support is always available if you need any assistance with product uploads or any other technical support.

 

You will be able to edit your information by logging into your account. You can also use your account to answer questions of potential buyers.

Conclusion

As the medical equipment market continues to grow, now is the time to start selling your medical equipment on Oisto. Oisto is an online platform that connects medical equipment buyers to sellers all over the world. Our site uses military-grade security to ensure that your information is always safe and secure. Plus, our site couldn’t be easier to use! If you have ever used Amazon, then you already know how to use Oisto.

 

Currently, Oisto is offering a promotion for sellers when they sign up for the first time. You will enjoy a 6% referral fee with a maximum referral fee capped at $450. Oisto has also waived the marketplace annual fee until January 2021. There are no hidden fees associated with our service. You can sign up for an annual or month-to-month membership. An Oisto membership allows you to take control of your online business. We are standing by and ready to help you!


References

 https://www.globenewswire.com/news-release/2019/09/19/1918062/0/en/Global-Medical-Devices-Market-Report-2019-2022-A-521-Billion-Opportunity-Analysis.html

  1. https://www.prnewswire.com/news-releases/the-medical-device-market-is-expected-to-reach-an-estimated-432-6-billion-by-2025--and-it-is-forecast-to-grow-at-a-cagr-of-4-1-from-2020-to-2025--300980092.html