Medical Electronics Manufacturing in India – Seminar/Roadshow by #AMTZ – Andhra MedTech Zone @Chennai on January 6,2017- Hotel GRT Grand Days, T Nagar

According to an industry report, in India, the medical devices industry is small, with a disproportionate reliance on imports and a complex regulatory environment. The global medical devices and technology market is expected to grow to USD 520 billion by 2020 from an estimated USD 3.7 billion in 2014. The Indian market is among the top 20 in the world by market size, and fourth in Asia after Japan, China and South Korea. It is significantly behind developed economies like the United States (US) (USD 340). This current under penetration of Medical devices in India represents the sizeable growth opportunity.

Medical devices play a role not only in screening, diagnosing and treating patients, but also in restoring patients to normal lives and in regularly monitoring health indicators to prevent diseases.

The inflow of foreign direct investment (FDI) in medical devices was USD 90 million between December 2014 and August 2015; post the government permitting 100 per cent FDI under the automatic route. Several MNCs have been increasing their manufacturing footprint and locating research centres in India to serve both the Indian and global markets. Increased funding and investments have also reflected in other supply-side changes in healthcare delivery in India.

AMTZ (Andhra MedTech Zone) aims to make India a self-sufficient and in fact an exporter of good quality and cost-effective medical technology. The AMTZ would include the following facilities:

  • Plug-n- Play Infrastructure
  • Regulators’ office
  • Component testing centre
  • Electromagnetic interference laboratory
  • Medical-grade low vacuum molding, cabinet molding and injection molding centres
  • 3D designing and printing for medical grade products
  • Sterilisation & toxicity testing centre
  • Radiation testing centre
  • Warehousing
  • Other facilities commonly required in the manufacturing of medical devices

Against this backdrop PHD Chamber in association with AMTZ (Andhra MedTech Zone) is organizing the above captioned Seminar on ‘Medical Electronics International collaborations & Financing for Manufacturing’ in India on Friday, 6th January 2017, 10:0 am at Chennai.

Venue – Hotel GRT Grand Days, T Nagar – Marigold Hall in the convention center – Annex Building

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Registration form – 6th Jan 2017

The objective of the Seminar would be to familiarize the Industry on this opportunity which exists in fulfilling this gap which is likely to only widen as the healthcare services reach out to semi-urban and rural areas.

The seminar will also throw up opportunities for foreign collaborations for technology transfers and financing for setting up units.

We believe that for medical electronics to create a meaningful impact on the healthcare system, collaboration between key stakeholders including government, industry, healthcare providers, and health insurance companies will be important in order to come up with the right success strategy and improve overall health care access and delivery in the country.

This will also create an outlook towards the future and shaping the interventions required for a self-reliant and efficient healthcare system for India through technology solutions for the larger good.

We look forward to having you with us for the discussion on this important aspect of Medical Electronics.

Please note that there is no delegate registration fee. Since event participation is limited to few members, prior registration is a must.

Regards,

 

Vivek Seigell

Director

PHD House, 4/2 Siri Institutional Area

August Kranti Marg, New Delhi – 110016, India

Tel: +91.11.26863801-04

+91.11.49545451 Ext: 275

Fax:+91.11.26855450

+91.11.49545451

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