The Corona Virus got a mention at the 26th edition of the three-day Medical Fair India 2020 held at the Bombay Convention and Exhibition Centre in Mumbai. Pointing out that after Corona Virus the world is now looking at India as the source of supply chain, Rajiv Nath, Founder & Forum Coordinator, Association of Indian Medical Device Industry (AIMED), said, “In every dark cloud there is a silver lining. So we have definitely a lot of you driving the race for last few weeks about coronavirus and about the disruptions to supply chain all over the world of medical device industry to importers to healthcare providers of sourcing products. The silver lining is that the world is now watching at India as a possible second source of supply after China. Definitely a lot of opportunities here.”
Dr. Girdhar Gyani, Director General, Association of Healthcare Providers (India), said, “We have issued advisory through our hospitals that it is spread through the droplets. If you are careful of droplets and avoid touching your face and maintain hygiene then there is no need to panic.”
It is India’s prominent exhibition and conference for healthcare, which acts as a platform where connections are made and business relationships are nurtured. A part of the “MEDICAlliance” family of trade fairs, it is organised by Messe Düsseldorf India in cooperation with MEDICA. The conference covered topics on In- Vitro Diagnostic, Laboratory medicine, Point of Care Testing, Molecular Medical Diagnostics and Clinical Chemistry.
Talking about the scope for the healthcare industry, Dr Gyani, said, “Although there is slowdown all over the world, I must tell people here that we have 1.6 million beds and we need 3.5 million beds in next three years. This means there is so much scope in for investment in the healthcare industry including equipment. In the next five years, the necessity would be 5 million bed. This is the huge market that India is offering. Kind of requirement which has been projecting from Government of India is to set up 3000 hospitals of 100 beds in tier II and tier III cities, which is a huge opportunity for the industry.
It is being held in the backdrop when the Indian healthcare industry has witnessed a remarkable growth over the last two decades. The foreign investments have made the medical devices market a fast-moving sector contributing to the GDP. The Indian healthcare sector is diversifying and opportunities are emerging in every segment. Together with MEDICAlliance and in collaboration with Association of Healthcare Providers, India (AHPI), Association of Indian Manufacturers of Medical Devices (AIMED), Association of Diagnostic Manufacturers of India (ADMI), Quality & Accreditation Institute (QAI), Practicing Pathologists Society and The Association of Practicing Pathologists (APP), this edition promises to bring together all the stakeholders from all facets of Medical and Healthcare Industry.