Vamstar
Vamstar is the largest and fastest-growing AI-based global B2B healthcare supply chain platform. Using Machine Learning, Vamstar captures the demand for MedTech and Pharmaceutical products and services from 86000 buyers in 100+ countries and then matches this demand across the entire supplier base. Both buyers and suppliers across the industry use the platform to improve transaction and trading processes, capture real-time market insights (suppliers, products, and outcomes), launch better RFx and other sourcing programs, improve tender performance from the buyer-and-the-supplier side, and integrate ERP, CRM, and other downstream and upstream systems for full supply chain visibility. The platform connects pharmaceutical and medical device companies with public and private buyers, including corporates, clinics, hospitals, health insurance companies, and Group Purchasing Organisations (GPOs). Vamstar has sites in the United Kingdom, India, UAE, Netherlands, and the USA.
Company Overview
Vamstar is a small business operating within the Hospitals and Health Care industry, founded in 2019. The company employs a team of 74 individuals and is headquartered in London, Greater London, with additional locations in West Hollywood, California, and Pune, Maharashtra. Vamstar specializes in leveraging artificial intelligence to enhance commercial outcomes in the pharmaceutical and medical technology sectors.
Specialties
Vamstar has a diverse range of specialties that include procurement, data science, big data, and machine learning. The company focuses on various aspects of healthcare such as medical devices, surgical products, biotechnology, and digital health. Additionally, Vamstar provides solutions for public and private contracts, supply chain management, and value-based procurement.
Products and Services
Vamstar offers a suite of products and services designed to optimize procurement processes in the healthcare sector. Key offerings include TenderGPT, an AI-powered platform for managing tenders and RFPs, and the ASP Tracker for monitoring average selling prices in the MedTech sector. The company also provides consulting services that integrate AI and data modeling to enhance business capabilities.
Market Reach
Vamstar captures demand for MedTech and pharmaceutical products from over 86,000 buyers across more than 100 countries. The company connects pharmaceutical and medical device manufacturers with a variety of buyers, including hospitals, clinics, health insurance companies, and Group Purchasing Organizations (GPOs). Vamstar supports over 500 top suppliers in navigating the global healthcare market.
Technological Innovations
Vamstar employs advanced technologies such as AI and machine learning to conduct market analysis and enhance operational efficiency. The company has developed tools like the Pricing Co-Pilot for pricing decisions and the Pharma Net Price Tracker for monitoring net prices across multiple markets. Vamstar's Polaris platform maximizes operational efficiency in life sciences through data science.