The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Conference on Future of Medical Technology in India

 

Brochure | Awards Nomination Form

24 January, 2018
Hotel The Royal Plaza, New Delhi

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India’s Medical Technology (MedTech) market was valued at USD 10 bn in 2014 and is expected to touch USD 50 bn mark by 2025. This is in part due to India’s rising income levels, swelling private sector investment in healthcare, ageing population, growing medical tourism industry, and government incentives in the MedTech space. All these factors make India an extremely attractive market for international firms.

 

There is a need to use MedTech effectively to address the huge gap between demand and supply of healthcare services in India. The MedTech sector in India is at a nascent stage with most of the indigenous manufacturing restricted to medical consumables. In fact, imports still constitute over 75% of the current MedTech market. India is looking to improve self-sufficiency in MedTech as a part of the “Make in India” initiative. The rapidly expanding sector presents immense opportunities to global players.

 

The medical device industry has been earmarked as one of the key sectors that will be at the forefront of achieving strategic breakthroughs in technological development. Potential R&D highlights include the development of high-performance devices such as imaging equipment, medical robots, high-value medical consumables like fully degradable vascular stents, and medical products in the wearable and telemedicine fields.

 

Healthcare is driven more by technologies than ever before and there is automation in almost all spheres of laboratory activities whereby the chances of human errors are minimized significantly. In India there is great deal of research going on in the healthcare sector and with the kind of population growth witnessed in last three decades; it is apparent that India will soon emerge as the biggest medical diagnostic market in Asia. Technology has also revolutionized the way we look at imaging diagnostics. The digital technology in radiology undergone sea change with faster and more powerful X-ray, CT scan, MRI, Mammography or DEXA equipment. The Picture Archiving and Communication Systme (PACS) allows for economical storage of, and convenient access to multiple sources. Another are that is poised to emerge in the coming years is the point-of-care consumer diagnostics that uses advanced sensing technologies, wireless monitoring, smartphones, big data, and affordable point-of-care biochemical processes.

 

With this background, ASSOCHAM with support from Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Govt. of India is organizing Conference on Future of Medical Technology in India: Propelling the Medical Device and Diagnostic Industry Forward on January 24, 2018 at New Delhi with an aim to develop a roadmap for Medical Technology industry till 2025 and bring together key decision makers from realms of industry, Academia, Regulators & Government to gauge opportunities and estimate the potential of indigenous manufacturing for Medical Devices and Diagnostic tools in India and also create an ecosystem to enable path breaking initiatives and innovations.

 

 

Registration Fees: 

  • Delegate Registration Fee : Rs. 3,000/- per delegate (GST will be applicable @ 18%)  
  • For more details please contact: 

    Mr. Anshul Gupta, anshul.gupta@assocham.com, +91-9999565047

    Corporate Office
    The Associated Chambers of Commerce and Industry of India
    ASSOCHAM Corporate Office, 5, Sardar Patel Marg
    Chanakyapuri, New Delhi - 110021
    Phone: 46550555 (Hunting Line)
    Fax: 01123017008/9

    Email: assocham@nic.in