The forum aims to draw attention to the growing opportunities and latest developments in the Indian medical devices sector
Messe Frankfurt Trade Fairs India has joined hands with India’s integrated medical devices manufacturing ecosystem – Andhra Pradesh MedTech Zone (AMTZ). The cooperation aims to provide further impetus to indigenous manufacturing of medical devices and bring forward innovations and specialised medical tools and technologies that can attract domestic and global investors.
The launch of MedTech Innovation Forum aims to create a collaborative platform for medical device manufacturers, innovators and technology experts to exchange advancements and innovations for the development of the Indian medical devices industry.
Slated from October 7 – 8, 2021 in Visakhapatnam, the first edition of this key business event is expected to bring industry leadership together with government and medical consultants to address integral challenges of import dependency, need for technology collaborations as well as medical technology advancements that can be introduced in the industry.
The forum has received support from apex industry bodies – AIMED (Association of Indian Medical Device Industry) and ADMI (Association of Diagnostics Manufacturers of India) ADMI.
Raj Manek, MD, Messe Frankfurt Trade Fairs India said, “India’s response and agility in scaling up manufacturing of medical devices together with strong initiatives by the government on making the sector ‘Atmanirbhar’ makes it opportune time to introduce a forum that focuses on bringing medical technology innovations to the forefront. We are proud to combine strengths with AMTZ in this goal and are confident that the critical insights on MedTech advancements and challenges will enable the sector to create an environment for improved trade and investment opportunities.”
Dr Jitendra Sharma, MD and CEO, AMTZ elaborated, “The industry is poised for significant growth in the next five years, however, it is still largely import-driven with 90 per cent of sophisticated devices being imported from around the world. The dialogue with medical device manufacturers and innovators will open up opportunities to empower the country’s strong healthcare and medical devices industry in the post COVID-19 era.”
Dr Sharma further said that AMTZ aims to put the Indian medical device industry on the global map by encouraging sector innovations and we are happy to join hands with Messe Frankfurt in this endeavour as their expertise and reach across sectors in India will help bring in key stakeholders together.
In August 2020, the Indian subsidiary held the first virtual edition of the Medical Device Innovation Summit to address growing demand for specialised medical equipment and is now closely working with industry leaders in the sector to launch Medtech Innovation Forum as a large-format Confex in October 2021.
The cooperation between Messe Frankfurt India and AMTZ will play a crucial role in highlighting India’s strengths in medical technologies, promote indigenous manufacturing, ease the sector’s reliance on imports and empower the country’s strong healthcare and medical devices.
