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"Indian Healthcare Industry Eyeing to reach US$ 372Billion by 2022: IIME/IIHN Expo & Summit"
2020-05-06
"Indian Healthcare Industry Eyeing to reach US$ 372Billion by 2022: IIME/IIHN Expo & Summit"
The growth of the Indian Healthcare and Medical industry shows an upsurge over the years and the same is poised to reach US$ 372 Billion and US$ 11 Billion by the end of 2022. CAGR growth of the Indian Hospitals Industry is more than double that of Global scenario where it is growing at a rapid rate of 16 to 17 Per-cent where as the global growth is valued at 6 to 7 Per-cent. The Indian Medical industry largely consists of Multi National Entities with a Pan-India presence through direct as well as distributorships and Small and Medium Manufactures (SMEs) to whom the Govt provides various schemes through the Ministry of Micro, Small & Medium Enterprises (MSME)
With the Central Government’s initiatives in developing special economic zones and Medical parks, the industry is definitely looking at an upward curve and would be contributing effectively to the over all GDP of India in the coming years. The proposed Medical Parks -particularly in the southern region of the country- at Kerala, Telangana, Tamil Nadu are on the commissioning stage and expected to be get completed by the mid of 2021 where as the Andhra Pradesh Medical Park (Andhra Pradesh Medtech Zone- AMTZ) is already commissioned and started its operation with many enterprises up and running.
Presence of world class hospitals, experienced medical professionals, superior quality healthcare coupled with low treatment costs (treatment for major surgeries in India is 20% less than that of developed nations) has propelled the industry over the years. It is estimated that India will require an additional 2.07 Million doctors by 2030 in order to achieve a doctor to population ratio of 1:1000 where the global standard is 3:1000.
Its quite evident that Southern India leads the way in healthcare and in particular the state of Kerala is by far have the pioneer position in the Medical Infrastructure and superior treatments. The state is model region for its Healthcare facilities which can be compared with many of the western world’s developed nations.
The most vibrant association- IMA- Kerala (Indian Medical Association -Kerala) takes a lot of pride in making the state as the most sought after destination for international patients across the globe for its outstanding treatments facilities and procedures. With its world renowned Surgeons and Physicians, Kerala continue to be remained as the Numero-Uno state in the country for healthcare facilities. In continuation with its efforts to the industry, The Indian Medical Association - Kerala State Board- in association with ICEXPO India Pvt Ltd (Subsidiary of International Expo Consultants, Dubai) is oragizning the first ever complete Medical Equipment and Hospital Needs Expo and Summit in the state.
The India International Medical Equipment and Hospital Needs Expo (IIME/IIHN) is all set to take place from the 9th to 11th of October 2020 at the state of the art Calicut Trade Centre, Kozhikode, Kerala, India. The show is also supported by IMA-PEPS (Professional Equipment & Protection Scheme), Association of Indian Medical Device Industry (AiMed), Biomedical Engineers' & Technicians' Association Kerala (BETAK) and the Force Bio Medical (consortium of Bio Medical Engineers).
The show would feature close to 250+ exhibitors Nationally and internationally (China, Taiwan, Malaysia, Israel etc) and would be the perfect platform for the medical fraternity within and nearby countries to meet and network. The show would also witness enlistment of Medical devises manufactures by IMA-PEPS for their future bulk purchases and will also feature CMEs for the Doctors fraternity. The show will also accompany with an International level conference where we would be having eminent speakers from across the globe.
"As the State President of the Indian Medical Association, Kerala State Branch I take great pride in welcoming you all to the inaugural edition of India International Medical Equipment and Hospital’s Needs Expo and Conference. The Indian Medical Association is the largest professional organisation in the world and we are proud to say that the Kerala State Branch is the most vibrant of all the state branches. We have continuous leadership and excellent organisational structure and have been in the forefront to host a number of events over the years. I am really glad that Icexpo India Pvt Ltd- the sister concern of International Expo Consultants, Dubai are joining hands with the IMA- Kerala State branch to organise this exhibition and conference and on behalf of the organising body let me welcome you all to this great event !!” Said Dr. Abraham Varghese, President, IMA Kerala while welcoming the Medical fraternity across the globe.
The growth of the Indian Healthcare and Medical industry shows an upsurge over the years and the same is poised to reach US$ 372 Billion and US$ 11 Billion by the end of 2022. CAGR growth of the Indian Hospitals Industry is more than double that of Global scenario where it is growing at a rapid rate of 16 to 17 Per-cent where as the global growth is valued at 6 to 7 Per-cent. The Indian Medical industry largely consists of Multi National Entities with a Pan-India presence through direct as well as distributorships and Small and Medium Manufactures (SMEs) to whom the Govt provides various schemes through the Ministry of Micro, Small & Medium Enterprises (MSME)
With the Central Government’s initiatives in developing special economic zones and Medical parks, the industry is definitely looking at an upward curve and would be contributing effectively to the over all GDP of India in the coming years. The proposed Medical Parks -particularly in the southern region of the country- at Kerala, Telangana, Tamil Nadu are on the commissioning stage and expected to be get completed by the mid of 2021 where as the Andhra Pradesh Medical Park (Andhra Pradesh Medtech Zone- AMTZ) is already commissioned and started its operation with many enterprises up and running.
Presence of world class hospitals, experienced medical professionals, superior quality healthcare coupled with low treatment costs (treatment for major surgeries in India is 20% less than that of developed nations) has propelled the industry over the years. It is estimated that India will require an additional 2.07 Million doctors by 2030 in order to achieve a doctor to population ratio of 1:1000 where the global standard is 3:1000.
Its quite evident that Southern India leads the way in healthcare and in particular the state of Kerala is by far have the pioneer position in the Medical Infrastructure and superior treatments. The state is model region for its Healthcare facilities which can be compared with many of the western world’s developed nations.
The most vibrant association- IMA- Kerala (Indian Medical Association -Kerala) takes a lot of pride in making the state as the most sought after destination for international patients across the globe for its outstanding treatments facilities and procedures. With its world renowned Surgeons and Physicians, Kerala continue to be remained as the Numero-Uno state in the country for healthcare facilities. In continuation with its efforts to the industry, The Indian Medical Association - Kerala State Board- in association with ICEXPO India Pvt Ltd (Subsidiary of International Expo Consultants, Dubai) is oragizning the first ever complete Medical Equipment and Hospital Needs Expo and Summit in the state.
The India International Medical Equipment and Hospital Needs Expo (IIME/IIHN) is all set to take place from the 9th to 11th of October 2020 at the state of the art Calicut Trade Centre, Kozhikode, Kerala, India. The show is also supported by IMA-PEPS (Professional Equipment & Protection Scheme), Association of Indian Medical Device Industry (AiMed), Biomedical Engineers' & Technicians' Association Kerala (BETAK) and the Force Bio Medical (consortium of Bio Medical Engineers).
The show would feature close to 250+ exhibitors Nationally and internationally (China, Taiwan, Malaysia, Israel etc) and would be the perfect platform for the medical fraternity within and nearby countries to meet and network. The show would also witness enlistment of Medical devises manufactures by IMA-PEPS for their future bulk purchases and will also feature CMEs for the Doctors fraternity. The show will also accompany with an International level conference where we would be having eminent speakers from across the globe.
"As the State President of the Indian Medical Association, Kerala State Branch I take great pride in welcoming you all to the inaugural edition of India International Medical Equipment and Hospital’s Needs Expo and Conference. The Indian Medical Association is the largest professional organisation in the world and we are proud to say that the Kerala State Branch is the most vibrant of all the state branches. We have continuous leadership and excellent organisational structure and have been in the forefront to host a number of events over the years. I am really glad that Icexpo India Pvt Ltd- the sister concern of International Expo Consultants, Dubai are joining hands with the IMA- Kerala State branch to organise this exhibition and conference and on behalf of the organising body let me welcome you all to this great event !!” Said Dr. Abraham Varghese, President, IMA Kerala while welcoming the Medical fraternity across the globe.
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