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Medical Fair India’s 28th edition scales new heights with a record turnout of 17,943 visitors from the global healthcare industry.
India has a 75-80% import dependency on medical devices. Exports stood at (US$ 2.51 billion) in 2019-20 and are expected to rise at to US$ 10 billion by 2025. Imports from countries such as the US, China and Germany. Medical devices are a highly attractive export area for US firms.
To increase export of medical devices in the country, the Indian Ministry of Health and Family Welfare (MOHFW) and Central Drugs Standard Control Organisation (CDSCO) implemented various initiatives.
Sources: IBEF - www.ibef.org, Invest India - www.investindia.gov.in, www.business-standard.com, www.medgadget.com