India Health Expo 2024 Inaugurated in New Delhi

The launch edition of the India Health expo, organised by Informa Markets in India, India’s leading B2B events organiser, commenced with grandeur at the state-of-the-art Yashobhoomi, in Dwarka, New Delhi. The event brought together a multitude of industry stakeholders, spanning biomedical engineers, pathologists, radiologists, hospital consultants, medical device distributors, clinicians, procurement managers, R&D professionals, and regulatory representatives.

Geo-located from the prestigious Arab Health exhibition, India Health aims to providing a global platform for advancing healthcare together, along with nurturing a transformative environment for learning, networking, and collaboration with cutting-edge innovations and strategies with industry experts.

The event’s inauguration was graced by distinguished industry luminaries such as Mr. Istvan Szabo, Ambassador of Hungary, New Delhi, H.E. Mr. Jagnnath Sami, High Commissioner of the Republic of Fiji,  Dr. Girdhar Gyani, Director General of the Association of Healthcare Providers India; Mr. Siddhartha Bhattacharya, Secretary General of the Healthcare Federation of India – NATHEALTH; Mr. Abhinav Thakur, MD, Accurex Biomedical (ADMI Representative); Dr Rajiv Chhibber – Vice President, External Affairs, Sahajanand Medical Technologies Ltd & Jt  Coordinator, Govt & Public Affairs, AiMeD, Mr. Peter Hall, President, Middle East, India, Turkiye and Africa, Informa Markets; Wouter Molman, Chief Commercial Officer, Middle East, India, Turkiye and Africa, Informa Markets; Mr. Yogesh Mudras, Managing Director of Informa Markets in India; Mr. Rahul Deshpande, Senior Group Director, Informa Markets in India.

Emphasizing on the growth of healthcare sector, Mr. Siddhartha Bhattacharya, Secretary General of the Healthcare Federation of India-NATHEALTH, said "Currently, the healthcare landscape in India is undergoing a pivotal transformation. The country's policies are increasingly geared towards 'Health for All' and 'Make in India,' reflecting a substantial push to extend healthcare beyond traditional contexts. We are witnessing a robust growth in human resources, nursing, education, and the life sciences sector. Additionally, there is a significant emphasis on data, evidence-based research, and local innovations. The government is keen on supporting start-ups and innovative solutions by making regulatory policies more accessible and efficient. Together, these efforts are shaping a dynamic model for the future of healthcare in India, fostering an environment of growth and innovation.”

Dr. Girdhar Gyani, Director General of the Association of Healthcare Providers, India, said, "Healthcare is now a significant priority for the government. In 2017, a new health policy was introduced, and in 2018, Ayushman Bharat, the world's largest welfare insurance scheme, was launched, covering 500 million people. Currently, India has around 1.5 beds per thousand population, but the aim is to reach 3 beds per thousand. This disparity in healthcare infrastructure across states presents a substantial investment opportunity. From 2014 to 2024, the number of MBBS seats has doubled from 50,000 to 100,000, indicating a growing influx of healthcare professionals. However, until the demand for postgraduate doctors, nurses, and paramedics is met, healthcare technology and information technology will drive the sector. India remains a vast and promising market for healthcare advancements.

Speaking on the launch of India Health, Mr. Yogesh Mudras, Managing Director, Informa Markets in India, said, “Healthcare in India has emerged as one of the largest sectors, experiencing rapid growth due to expanded coverage, enhanced services, and increased investment from both public and private sectors. With India positioned as the 4th largest medical device market globally, alongside significant advancements in telemedicine and AI applications, the sector is poised for remarkable expansion. Forecasts predict telemedicine to reach USD 5.4 billion by 2025, with AI growing at an impressive 45% annually by 2024, driving substantial employment opportunities in the healthtech sector. These insights, showcased at India Health, underscore the dynamic evolution of India's healthcare landscape. The exhibition serves as a pivotal platform, bringing together leading global and domestic brands, and fostering collaboration and innovation across diverse sectors. Its highlights like the Transformation Zone, Start-Up Pavilion, the content-rich conference will shine the spotlight on the opportunities, innovations and challenges of the sector and its vital role in India's economic and social development."

Mr. Peter Hall, President, Middle East, India, Türkiye and Africa, Informa Markets, said "It is a pleasure to announce the launch of the India Health Exhibition, a significant milestone for India's healthcare industry. India Health is geo-adapted from Arab Health, one of the world's largest healthcare events held in Dubai, which will celebrate its 50th anniversary in 2025. The global healthcare industry, valued at $8 trillion annually, profoundly impacts humanity's future. With rising disposable incomes and increased government expenditure worldwide, public health systems are enhancing their capabilities and infrastructure to develop robust healthcare risk management systems, pharmaceutical products, medical equipment and supplies, and hospital services. Additionally, with the global population aged 65 years and above expected to increase by 16% by 2050, there is a pressing need to enhance well-being and extend human longevity.

India has long been at the forefront of global healthcare, playing a significant role in pharmaceutical production and distribution. Projections indicate that India's healthcare sector will exceed $638 billion by 2025, underscoring its pivotal position in the industry. India Health launch edition features global and domestic brands across various genres, symbolizing a new era of collaboration, innovation, and progress."

The launch edition of India Health showcased over 300 leading global and domestic brands across various sectors, including Medical Equipment & Devices, Orthopaedics & Physiotherapy, Imaging & Diagnostics, Healthcare & General Services, IT Systems & Solutions, Healthcare Infrastructure & Assets, and Wellness & Prevention. The event has been supported by esteemed associations such as the Association of Diagnostics Manufacturers of India (ADMI) and the Medical Technology Association of India (MTAI), with the Association of Healthcare Providers India (AHPI) and Frost & Sullivan serving as knowledge partners.

The expo also spotlighted industry trends such as the integration of digital health technologies, including telehealth, wearables, and AI-driven diagnostics, and the increasing focus on sustainability within the healthcare industry. These trends reflect the growing emphasis on eco-friendly manufacturing processes and supply chain solutions, offering new ways to enhance patient care and streamline healthcare delivery. The India Health Expo 2024 is successfully showcasing the future of healthcare innovation and excellence, reinforcing New Delhi's status as a global hub for the healthcare industry.