The $35 billion Indian Healthcare market is expected to continue on its growth trajectory at a steady rate of 10%. Increasing population, income levels, and awareness have resulted in an increase in demand for better healthcare services, adoption of health insurance and health expenditure. The rise in income levels, compounded with changing lifestyles, is transforming the disease profile of India from predominantly communicable diseases to non-communicable and lifestyle diseases. This transition has lead to greater interest from the corporate sector, and is likely to see further activity from the Government sector.

India has consistently been strengthening its medical infrastructure through fresher public investments and by adopting newer models such as Public Private Partnerships to increase penetration of healthcare services. This growth will be accompanied by demand for associated products such as medical equipment.

Medical devices and equipment account for $2 billion of the healthcare pie and form the backbone of the healthcare services industry. However, penetration of advanced technologies is skewed to serve few sections of society, and is not easily accessible to all. The lack of effective regulations, insurance penetration, and awareness are further likely to hinder the anticipated growth of this industry, and may compromise on providing quality healthcare to the masses.

Thus the theme…“Leveraging Technology For Transforming Standards of Care”