MEDICAlliance kicked off MEDICAL FAIR INDIA 2018 which was held from 16 – 18 March at the Bombay Convention & Exhibition Centre in Mumbai. As the leading medical trade fair for the Indian subcontinent the 24th edition of the MEDICAL FAIR INDIA enjoyed continuous popularity in the medical device technology sector – attracted over 550 exhibitors from some 20 nations, Team of Accuprec Research Labs - Dr Manish Rachchh, Director & CEO, Dr Rina Gokani, Director & CSO as well as Sagar Bhut, Research Associate, Regulatory Affairs participated in the event.
Due to its large population India is considered one of the most promising markets for medical products and medical device technology worldwide thanks to its sheer number of inhabitants and a rising level of prosperity and healthcare. The medical products market is estimated to total approx. US$ 8 billion in volume with an import quota of 60%. The Indian market for health IT alone is estimated at US$ 2.5 billion and just as attractive for health IT. Over the coming years the health IT software segment is even forecast to post double-digit growth rates considering the current market volume of some US$ 100 million. (Sources: Deloitte & NASSCOM).
The MEDICAL FAIR INDIA 2018 offered a matching themed area in the form of the "Future for Health" Lounge. In terms of content here the presentations and one conference session will focus on current trends in medical digitalisation as well as mobile applications and health Apps. Visitors to the MEDICAL FAIR INDIA have also shown great interest in laboratory medicine. With these themes the event targeted decision-makers from the medical field (e. g. physicians and medical professionals) and top hospital managers. The trade fair became an attraction for architects and building planners, enterprise consultants or scientists and researchers. Accuprec team had many B2B meetings.