The fair had attracted more than 6000 visitors last year and a further rise in the number of visitors is anticipated for 2013 too.
Medical Fair, which alternates annually between Mumbai and Delhi, is an ‘ideal’ platform to meet the “Who’s Who” of the sector, to discuss and seal new deals. “About 60% of the exhibitors come from countries such as France, Belgium, Malaysia, Taiwan, Korea, the USA and Germany. This is also the first time that the organisers look forward to welcoming exhibitors from Japan and Finland,” an official press release informed.
The Indian healthcare sector is expected to become a US$ 280 billion industry by 2020 with spending on health estimated to grow 14 per cent annually, according to a report by an industry body. At present the sector is estimated to be around US$ 40 billion and will grow to US$ 78.6 billion by end-2012. Better standard of living, improved education and increasing incidence of lifestyle diseases is triggering a higher demand for modern, quicker treatment methods and newer forms of therapy/diagnosis.
The fair is supported by Indian associations such as ADMI (Association of Diagnostic Manufacturers of India), MSAHITA (Medical Surgical and Healthcare Industry Trade Association) and at the international level, by institutions such as MREPC (Malaysian Rubber Export Promotion Council), CCCMHPIE (China Chamber of Commerce for Import & Export of Medicines & Health Products), KMDICA (Korea Medical Devices Industrial Cooperation Association), Ubi France, SAMD (Shenzhen Association of Medical Devices), Spectaris, GHE (German Health Care Export Group) and the ZVEI (Zentralverband Elektrotechnik und Elektroindustrie e.V.).