Messe Frankfurt India to launch MedTech Innovation Forum in India

Messe Frankfurt India to launch MedTech Innovation Forum in India

With an objective to draw attention to the growth opportunities and latest developments in the Indian medical device industry, Messe Frankfurt Trade Fairs Republic of india has joined easily with India's first integrated medical devices manufacturing ecosystem – AMTZ. The joint cooperation aims to provide further impetus to indigenous manufacturing of medical devices and bring forward innovations and specialized medical tools and technologies that can attract domestic and global investors.

As the nation takes steps to develop its healthcare infrastructure, including an ecosystem for its medical device manufacture, 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 manufacture.

Slated from 7 – 8 Oct 2022 in Visakhapatnam, the get-go edition of this key business consequence is expected to bring industry leadership together with government and medical consultants to accost integral challenges of import dependency, need for technology collaborations equally well as medical technology advancements that can be introduced in the industry. The forum has received potent support from apex industry bodies – AIMED (Clan of Indian Medical Device Industry) and ADMI (Clan of Diagnostics Manufacturers of India).

Raj Manek, managing director, Messe Frankfurt Trade Fairs India

Raj Manek, managing director, Messe Frankfurt Trade Fairs Bharat, said, "India's response and agility in scaling up manufacturing of medical devices together with stiff initiatives past the government on making the sector 'Atmanirbhar' makes information technology an opportune time to introduce a forum that focuses on bringing medical applied science 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."

The Indian medical devices market, which accounts for more than 13% of the Asia-Pacific (APAC) medical devices market, is expected to grow at a compound annual growth rate of vii.5% through 2025. Dr Jitendra Sharma, managing director, and chief executive officeholder, Andhra Pradesh MedTech Zone, elaborated, "The industry is poised for significant growth in the next five years, still, it is still largely import-driven with 90% of sophisticated devices beingness imported from around the world. The dialogue with medical device manufacturers and innovators volition open up opportunities to empower the country'south strong healthcare and medical devices industry in the post-Covid-19 era.

Dr Jitendra Sharma, managing director, and chief executive officer, Andhra Pradesh MedTech Zone

Dr Sharma farther added that AMTZ aims to put the Indian medical device industry on the global map past encouraging sector innovations, and we are happy to join hands with Messe Frankfurt in this endeavor as their expertise and accomplish across sectors in Republic of india will aid bring in key stakeholders together."

Messe Frankfurt India has been actively involved in tracking manufacture growth and addressing rising concerns on counterfeit products in the pharmaceutical manufacture through its Pharmasafe India briefing and webinar serial. In August 2020, the Indian subsidiary held the first virtual edition of the Medical Device Innovation Summit to address growing demand for specialized 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.

Touted every bit Republic of india'southward largest medical devices manufacturing park, the Andhra Pradesh Medtech Zone (AMTZ) has dynamically contributed to the fight against the Covid-19 pandemic through large-scale manufacturing of domestic rapid testing kits, PPE, and ventilators. Every bit a scientific infrastructure supported by the authorities, the zone intends to reduce import dependence and lower the cost of healthcare past an estimated xl to 50 percentage and is taking active steps to develop R&D, testing labs, and provision for acceleration for start-ups.

The joint cooperation between Messe Frankfurt India and AMTZ will play a crucial role in highlighting India's strengths in medical technologies, promote ethnic manufacturing, ease the sector's reliance on imports and empower the country'due south strong healthcare and medical devices.

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Source: https://packagingsouthasia.com/events/messe-frankfurt-india/

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