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Indian Healthcare industry to grow to USD 280 Billion by 2020



DSC_0043MEDICAL FAIR INDIA 2015, the No.1 Trade Fair for Hospitals, Health Centres and Clinics was inaugurated by Shri. Satish Upadhyay, President, BJP, Delhi State along with the presence of eminent personalities from the medical industry like Dr. Girdhar Gyani- Director General, Association of Healthcare Providers of India, Dr. Anupam Sibal, Group Medical Director, Apollo Hospitals Group, Dr. W. M. Wali, Physician to the Hon’ble President of India, President’s Estate Clinic, Dr. Pradeep Bharadwaj- Chairman, Six Sigma Accreditation Board, India, Mr. Naveen Nishchal- Director, Cygnus Hospital, New Delhi, Mr. Neeranjan Bharwada, President, Medical Surgical Healthcare Industry Trade Association.

The Indian Healthcare Industry is growing at a healthy rate of 15% and the Government has announced a New Health Policy in support of their flagship program; National Health Assurance Mission. Registering nearly 454 exhibitors from over 20 countries, top decision makers from the medical industry witnessed exciting innovations from the areas of medical device technology, hospitals, health centres, hospital equipment, rehabilitation, pharmacy equipment as well as care centre/ furniture. The Fair will provide an excellent opportunity for Indian healthcare providers to have good exchange of information and new ideas from International exhibitors.

Medical Fair India 2015 is supported by Indian Association of Physical Medicine and Rehabilitation, Association of Healthcare Providers (India), ADMI – Association of Diagnostic Manufacturers of India, MSAHITA – Medical Surgery and Healthcare Industry Trade Association, Apollo Hospitals Group, Indian Association of Sports Medicine, Fortis Healthcare Limited along with other associations from the U.K, Germany, Korea.

MEDICAL FAIR INDIA has widened its scope of business opportunities by having a special focus towards Hospital Infrastructure and Planning sector – which has received excellent response from the industry players. The event offers exhibitors and visitors a platform for exchange, exposure and new business deals with new innovations in medical technology, hospital planning and services in the overall healthcare sector.

The Indian Healthcare sector currently represents a USD 40 billion industry. The industry is expected to grow to USD 280 Billion by 2020. The Indian hospital & healthcare industry has the potential to become a global hub for healthcare services. An increasing number of global players in the healthcare are focusing on the Indian market. The need for efficiency, latest technology in healthcare delivery has led to the emergence of organized and professionally managed primary setups. A large number of providers are setting up chains of multispecialty outpatient clinics across India.

Some of the key Indian players participating at MEDICAL FAIR INDIA 2015 include Azael Manufacturing Pvt. Ltd., Bafna Healthcare India, BPL technologies Pvt. Ltd., Carevel Medical Systems Pvt. Ltd., E.I.Dupont India Pvt. Ltd., Janak Healthcare Pvt Ltd., Konica Minolta Healthcare India Pvt. Ltd., Kryptonite Solutions, Maestros Electronics & Telecommunications Systems Limited, Magnatek Enterprises, Medical Elaborte Concept Pvt Ltd., Medion Healthcare Pvt Ltd, Merino India Limited, Osram India Pvt Ltd., Palakkad Surgical Healthcare Industries Pvt Ltd., Skytech Medical & Surgical Devices, Stryker India Pvt. Ltd., United Surgical Industries.

The show also had huge array of international exhibitors like Apex Medical Corp, Chang Gung Medical Technology Ltd, Metal Industrial Research & Development Centre, HAWO GmbH, KOB, Malaysian Rubber Export Promotion Council, Supermax Glove Manufacturing Sdn. Bhd., Ningbo OWINIC Technology Co. Ltd, Rober Ltd and Top Corporation along with others.

Shri. Satish Upadhyay, President BJP of the Delhi State said, “The Government is committed towards improving healthcare facilities for the common man, as can even be seen in the current budget that was announced. While on one hand the Government will tweak policies and announce various projects in the healthcare space, it is also vital for the common man to build awareness as good health begins from one’s home. Medical Fair India 2015 has taken some major strides in this direction, showcasing innovation and state-of-the-art medical equipment and Hospital infrastructure, demystifying such complex technologies for the common man.”

Dr. Girdhar J. Gyani, Director General, Association of Healthcare Providers (AHPI) said, “Medical technology is an effective companion to the Doctors as it helps in early diagnosis, screening and reconfirming of the ailment. MEDICAL FAIR INDIA showcases technology from countries like China and Taiwan which are very cost effective. Even manufacturing companies can learn to manufacture locally and support the Government ‘Make in India’ initiative. This makes it an ideal platform for Doctors, Hospitals and manufacturers.”

Every healthcare provider wants to deliver the highest level of care to the patient it serves. The latest technology, medication, procedures and protocols to improve quality and patient safety should no longer be dependent on the location of the provider in the borderless world of medicine. I am sure that Medical Fair India 2015 with participation from over 20 countries and 450 exhibitors will enhance collaboration and set the stage for introduction of newer ideassaid Dr. Anupam Sibal, Group Medicine Director and Senior Pediatrician, Apollo Hospitals Group.

The event was marked with the 5th edition of Medgate Today Healthcare Awards that recognized the valuable contributions of individuals and companies across the medical fraternity giving a major thrust to the vast medical and healthcare sector.

The 21st edition of MEDICAL FAIR INDIA 2015 has garnered excellent support from the industry and continues to consolidate its leading position in the medical event space. The event is a powerful concept for India’s growing healthcare market and provides best opportunities to uncover the potential business in this sector and rising investments happening in both public and private hospitals. This edition has surpassed the previous editions in terms of area and exhibitor numbers.


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