The first-ever Indian medtech exhibition will be hosted on the Aerocity Grounds in New Delhi from January 17 to 19.
The three-day India MedTech Expo (IMTE) had previously been set for December 9-11, 2022, but has since been postponed. The website of India MedTech Expo (IMTE) was established on September 30, 2022, and the event flier was issued.
According to a statement from the chemical and fertiliser ministry, the department of pharmaceuticals will organise the first edition of a three-day event in close collaboration with all of the Medical Devices Industry Associations. The Federation of Indian Chambers of Commerce and Industry is in charge of organising it (FICCI).
“The expo is planned around the theme ‘Future of Device, Diagnostics and Digital,” according to a statement.
The event is being organised with the objective to create opportunities to network and explore collaborations both for the sector’s growth in India and its potential contribution globally, by bringing together all the stakeholders for taking the sector on a forward growth trajectory.
The stakeholder include production-linked incentive (PLI) participants, startups, micro, small and medium enterprises (MSMEs), innovative entrepreneurs, research facilities, incubators, public and private hospitals, industry at large, academia, research institutions, investors, state governments, MedTech parks and key government officials.
The Ministry further said that India MedTech Expo had received a tremendous response from the medtech industry, which has come forward in large numbers and given their confirmation for participation.
So far, over 150 startups, over 275 Indian and international medical device companies and MSME units, 50 plus research institutions, etc, have confirmed their participation in the expo. Over 376 foreign buyers’ entries have been received out of which selected 200+ foreign buyers will be hosted for business-to-business (B2B) engagement.
“The current market size of the medical devices sector in India is estimated to be $11 billion and the sector in India is at growth stage with CAGR of 10-12 per cent over the last decade and has the potential to reach $50 billion by 2030,” the statement said. It added, “The proposed expo will create visibility of medical devices ecosystem to the world and build a brand identity for the Indian medtech sector.”