Indian Health Care
The Indian health care market was estimated at US$35 billion in 2007 and is expected to reach over US$70 billion by 2012 and US$145 billion by 2017. The Indian health care industry is seen to be growing at a rapid pace of 12 percent per annual in the last 4 years and is expected to become a US$280 billion industry by 2020. Rising income levels and geriatric population are all driving this growth. In addition, changing demographics, disease profiles and the shift from chronic to lifestyle diseases in the country has led to increased spending on health care delivery.
India is quickly becoming a medical tourism hub for tourists seeking quality health care at an affordable cost. With 13 Indian hospitals already been accredited by the Joint Commission International (JCI) and reduced costs, access to the latest medical technology, growing compliance to international quality standards and ease of communication all work towards India’s advantage. Nearly 450,000 foreigners sought medical treatment in India last year. To cope with the growing demands, the Indian health care delivery system is striving hard to match to the Indian health care industry with the international standards. Tapping into this growing market of health care industry, an international trade exhibition and conference on diagnostic, medical equipment and technology is jointly being organized by Messe D?Ã¯Â¿Â½sseldorf, Germany and its Indian subsidiary Messe D?Ã¯Â¿Â½sseldorf India Pvt. Ltd. Messe D?Ã¯Â¿Â½sseldorf, Germany is the organizer of MEDICA world’s largest medical trade show. This global event is to be held at Pragati Maidan, New Delhi from March 25th – 27th, 2011.
More than 300 reputed manufactures of medical & technological equipments from over 10 countries viz., Belgium, China, France, Germany, India, SE Asia and USA shall converge at Pragati Maidan with their latest and innovative range of diagnostic and medical equipments. Each shall be showcasing world-class hospital supplies, surgical items, medical disposables, rehabilitation aids, hospital furniture, radiology & imaging equipment, physiotherapy equipment, critical care/emergency equipment, disinfection & waste management systems, various medical software and medical publications.
The exhibition aims to provide the Indian entrepreneurs with the opportunity to explore the vast potential of the Indian medical/health care sector, creating mutually beneficial circumstances for partnerships between the global exhibitors and local businessmen. The fair would not only cater to the importers and the traders from the medical sector but also the medical fraternity comprising of doctors, surgeons, nurses, para-medics, hospital administrators, pathologists, radiologists and physiotherapists.
The event is going to provide with a platform for diasporas of business and medical fraternity to come together to invest, evaluate, compare the latest advances in the medical products and equipments being showcased by every participating country.
Details taken from medicalfair-india