The launch of MedTech Innovation Forum aims to create a collaborative platform for medical device manufacturers, innovators and technology experts to exchange advancements and innovations for the development of the Indian medical devices industry. Messe Frankfurt Trade Fairs India joined hands with India’s first integrated medical devices manufacturing ecosystem – Andhra Pradesh MedTech Zone (AMTZ). The joint cooperation aims to provide further impetus to indigenous manufacturing of medical devices and bring forward innovations and specialised medical tools and technologies that can attract domestic and global investors.
First edition of this business event is slated during October 2021 in Visakhapatnam. The forum has received strong support from apex industry bodies – AIMED and ADMI (Association of Diagnostics Manufacturers of India) ADMI.
Raj Manek, MD, Messe Frankfurt Trade Fairs India Pvt Ltd remarked, India’s response and agility in scaling up manufacturing of medical devices together with strong initiatives by the government on making the sector ‘Atmanirbhar’ makes it opportune time to introduce a forum that focuses on bringing medical technology innovations to the forefront. We are confident that the critical insights on MedTech advancements and challenges will enable the sector to create an environment for improved trade and investment opportunities.
Dr Jitendra Sharma, MD & CEO, Andhra Pradesh MedTech Zone elaborated, the industry is poised for significant growth in the next five years, and however, it is still largely import-driven with 90% of sophisticated devices being imported from around the world. The dialogue with medical device manufacturers and innovators will open up opportunities to empower the country’s strong healthcare and medical devices industry in the post COVID-19 era.