About India Healthcare
India has become the world’s fastest growing major economy. It is the world’s 9th largest economy by GDP (+7.8%) and the third largest in purchasing power parity (PPP). India’s rapidly growing middle class is now larger in size than the entire USA middle class. Medical tourism is growing 27% annually and will reach $6 billion in 2018. These trends have resulted in the following:
- An increase in healthcare expenditures that reached $160 billion in 2017 and is to reach $280 billion by 2020.
- The medical device market will reach $9 billion in 2018 with 50% + of devices to be imported (driven by new specialty and super-specialty hospitals).
Against this background, a collaboration between Messe Düssedorf India and Scherago International/Burklund-IVD resulted in the successful of launch Clin Lab India in 2017. The event is co-located with Medical Fair India (MFI), an already established medical event that alternates each year between New Delhi and Mumbai. The 2018 visitor registration of MFI reached 12,800.
In its 25th year, Medical Fair India (MFI), a general device event, has demonstrated impressive growth since 2013. Through 2018, exhibitors have grown from 519 to 551 and visitors have grown from 7,500 to 13,500.
About Clin Lab India
The vision of Clin Lab India is to be the major interdisciplinary exhibition and conference serving the South Asia market. It is important to note that interest IVD interest of the 2017 attendees in New Delhi was 32% .
Details regarding the India healthcare market and Clin Lab India can be found in the CLI 2019 Presentation.