Messe Frankfurt India to launch MedTech Innovation Forum in India

Joins hands with Andhra Pradesh MedTech Zone (AMTZ)

Messe Frankfurt India
Messe Frankfurt India to launch MedTech Innovation Forum in India

With an objective to draw attention to the growth opportunities and latest developments in the Indian medical device industry, Messe Frankfurt Trade Fairs India has joined hands with India’s first integrated medical devices manufacturing ecosystem – AMTZ. The joint cooperation aims to provide further impetus to indigenous manufacturing of medical devices and bring forward innovations and specialized medical tools and technologies that can attract domestic and global investors.

Messe Frankfurt

As the nation takes steps to develop its healthcare infrastructure, including an ecosystem for its medical device industry, 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.

Slated from 7 – 8 October 2021 in Visakhapatnam, the first edition of this key business event is expected to bring industry leadership together with government and medical consultants to address integral challenges of import dependency, need for technology collaborations as well as medical technology advancements that can be introduced in the industry. The forum has received strong support from apex industry bodies – AIMED (Association of Indian Medical Device Industry) and ADMI (Association of Diagnostics Manufacturers of India).

Messe Frankfurt India
Raj Manek, managing director, Messe Frankfurt Trade Fairs India

Raj Manek, managing director, Messe Frankfurt Trade Fairs India, said, “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 an opportune time to introduce a forum that focuses on bringing medical technology innovations to the forefront. We are proud to combine strengths with AMTZ in this goal and 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.”

The Indian medical devices market, which accounts for more than 13% of the Asia-Pacific (APAC) medical devices market, is expected to grow at a compound annual growth rate of 7.5% through 2025. Dr Jitendra Sharma, managing director, and chief executive officer, Andhra Pradesh MedTech Zone, elaborated, “The industry is poised for significant growth in the next five years, 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.

Messe Frankfurt India
Dr Jitendra Sharma, managing director, and chief executive officer, Andhra Pradesh MedTech Zone

Dr Sharma further added that AMTZ aims to put the Indian medical device industry on the global map by encouraging sector innovations, and we are happy to join hands with Messe Frankfurt in this endeavor as their expertise and reach across sectors in India will help bring in key stakeholders together.”

Messe Frankfurt India has been actively involved in tracking industry growth and addressing rising concerns on counterfeit products in the pharmaceutical industry through its Pharmasafe India conference and webinar series. In August 2020, the Indian subsidiary held the first virtual edition of the Medical Device Innovation Summit to address growing demand for specialized medical equipment and is now closely working with industry leaders in the sector to launch Medtech Innovation Forum as a large-format Confex in October 2021.

Touted as India’s largest medical devices manufacturing park, the Andhra Pradesh Medtech Zone (AMTZ) has dynamically contributed to the fight against the Covid-19 pandemic through large-scale manufacturing of domestic rapid testing kits, PPE, and ventilators. As a scientific infrastructure supported by the government, the zone intends to reduce import dependence and lower the cost of healthcare by an estimated 40 to 50 percent and is taking active steps to develop R&D, testing labs, and provision for acceleration for start-ups.

The joint cooperation between Messe Frankfurt India and AMTZ will play a crucial role in highlighting India’s strengths in medical technologies, promote indigenous manufacturing, ease the sector’s reliance on imports and empower the country’s strong healthcare and medical devices.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans and to inspire and mobilize our editorial and advertising teams!

For editorial — for advertisement and for subscriptions

– Naresh Khanna (25 October 2023)

Subscribe Now
unnamed 1


Subscribe to our Newsletter


Please enter your comment!
Please enter your name here