The Indian healthcare sector is growing at a brisk pace due to its increasing coverage and expenditure as well as improved services by public and private players.
India’s competitive advantage lies in its large pool of well-trained medical professionals, and is competitive in cost compared to its peers in Asian and Western countries. The cost of surgery in India is about one-tenth of that in the USA or Western Europe.
Due to the country’s rapid growth, there has been an immense change to healthcare requirements. Raising the service quality and ensuring equal access in both rural and urban areas are some of the challenges that need to be addressed. Public and Private Partnership (PPP) initiatives are set to address these challenges.
India Health will offer a full-scale exhibition hosting more than 300 exhibitors with official country pavilions including the USA, Germany, South Africa, Korea, Taiwan, China and Poland. The show will be complimented by a robust 3-day educational programme in support of the country’s healthcare strategy, well-tailored by leading local associations and covering topics including imaging and diagnostics, PPP, primary care and more.
India imports nearly 75% of its medical devices and equipment.
The Indian medical device and equipment market is expected to exceed $14 billion by the end of 2025 (according to figures from Export.gov). The current estimated value is:
- Total market size: $10,194 million
- Total local production: $4,935 million
- Total exports: $241 million
- Total imports: $5,500 million