The Medical electronics industry has witnessed a double digit growth in recent years and this growth trajectory is expected to continue due to the rising incidence of chronic diseases, increased urbanization and a growing elderly population and increased awareness about latest technology solutions to save augment life and rehabilitation. The influx of Medical Electronics technology has also reinforced the existing Healthcare infrastructure in various ways right from digitizing medical test, diagnostic and therapeutic procedures to enhancing the reach of Healthcare through Telemedicine and Health IT.
India Medical Device 2019 which is being jointly organized by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers and Federation of Indian Chamber of Commerce & Industry from 14th-16th February, 2019 at Bangalore International Convention and Exhibition Centre, Bengaluru will give a huge boost to this growing sector of Indian Economy and provide a platform to the Medical Electronics and Equipment Manufacturers to showcase their products and technology to the Indian and International Business Visitors from the Healthcare sector.
The Indian Medical Electronics industry is currently valued at around 1 billion and has been growing at an average rate of 17% for past couple of years. It is strongly believed that growth will outperform the pace, resulting in the Indian Medical Electronics market reaching close to USD ~6.5 billion by the year 2020.Know More