New Delhi: In a bid to showcase India's strengths in the medical devices sector more than 100 companies, covering key areas of the healthcare sector, are set to participate in Arab Health 2017 -- the largest healthcare exhibition in the Middle East, beginning on Monday, a report said.
Arab Health, which is also the second largest healthcare exhibition in the world, will be held at the Dubai International Convention and Exhibition Centre from January 30 to February 2, 2017.
"India has steadily widened the ambit of markets and now exports medical devices to more than 150 countries. Participation at Arab Health 2017 is expected to catapult the country's status in manufacturing capabilities by highlighting the country's competitiveness, credibility and service commitments," Anu.P Mathai, CEO, India Brand Equity Foundation (IBEF) -- the branding partner for India's participation at the event, said in a statement on Monday.
Trade bodies like the Pharmaceuticals Export Promotion Council (Pharmexcil) and Engineering Export Promotion Council (EEPC) of India will display the country's strengths in the medical devices sector.
The Indian medical devices industry ranks as the fourth largest in Asia and comprises over 800 Indian manufacturers. It is currently valued at around $10 billion and is expected to reach $25 billion by 2025.
"Segment of Indian medical devices has gained competitive position in a majority of global markets. The brand campaign designed for the medical devices sector is expected to further improve the perceptions and awareness of Indian medical devices in global markets," added Tarvinder Singh Bhasin, Chairman, EEPC India.
With a strong focus on technology, innovation and a conducive regulatory framework, the medical devices sector is expected to attract strong investments in the coming years, the statement said.
The four day event is expected to witness more than 4,000 exhibitors and over 100,000 healthcare professionals from 160 countries belonging to a wide gamut of segments including medical technology, laboratory equipment, diagnostics, physiotherapy and orthopaedic technology, commodities and consumer goods for hospitals, information and communication technology in healthcare, surgical products and services, facility management, medical disposables, healthcare building technology, medical services, radiology, consulting services in healthcare, cardiology and medical publications.