JOIN THE U.S. DEPARTMENT OF COMMERCE LED MEDICAL TRADE MISSION TO INDIA!
Date: March 8-13, 2010
Cities: New Delhi, Chennai & Mumbai
Who should participate: Manufacturers of medical products/equipments, laboratory and diagnostics products and healthcare and related services providers
Benefits of Joining the U.S. Department of Commerce led
Trade Mission:
Explore market opportunities in person and let us help you
enter the market
- Pre-travel briefings / webinar highlighting opportunities in the healthcare technologies sector and business practices
- Meetings with Government of India officials to learn about regulations
- Prescheduled one-on-one meetings with potential partners, distributors, end-users as per each U.S. companies' objectives
- Networking receptions to introduce participants to key players in industry and government officials
- Visit medical institutions and companies of commercial interest
- Option to exhibit / attend Medical Fair India 2010, by Messe Dusseldorf, in Mumbai
Indian Healthcare Industry Trends:
- The industry is estimated at $35 billion and is expected to reach over $75 billion by 2012.
- Healthcare is expected to be one of India's largest industries with present growth rates of around 14% per year.
- Demand for quality healthcare service is driven by a growing population and affluence; changed demographic profile; and a rise of lifestyle-related diseases.
- Medical infrastructure is far from adequate as demand surpasses availability. To meet growing demand, 1 million beds will have to be added by 2012. It requires a total investment of $77.9 billion.
- Over the next 5-6 years over 150-200 new and upgrading of hospital projects are expected, both in government and private sector.
- The medical equipment segment is estimated over $2.3 billion and is expected to reach $5 billion by 2012.
- Imports account for over 65% of the entire medical equipment market with U.S. imports accounting for the largest share.
- Medical tourism is an external driver of growth of the healthcare sector. It leverages high quality educated, English-speaking staff, state-of- the art private hospitals and diagnostic facilities, and relatively low cost. Indian medical tourism was estimated at $350 million in 2006 and has the potential to grow into a $2 billion industry by 2012.
Deadline for Application: January 8, 2010
Participation Options:
Option 1
March 8-13, 2010. Participate in the trade mission in all three cities: New Delhi, Chennai and Mumbai
*Fee: $ 4,600 for large firms
$ 3,900 for small and medium enterprise (SME)**
*Fee includes one principal representative from each company. The fee for each additional representative (large or SME**) is $ 500
Option 2
March 8-11, 2010. Participate in the trade mission in two cities. New Delhi and Chennai.
March 12-14, 2010. Exhibit in the U.S. Pavilion at the Medical Fair India 2010, Mumbai.
*Fee: $ 3,600 + $ 3,200 (9 sqmt booth space) for large firms
$ 2,900 + $ 3,200 (9 sqmt booth space) for an SME**
*Fee includes one principal representative from each company. The fee for each additional representative (large or SME**) is $ 250
** SME is defined as a firm with 500 or fewer employees or that otherwise qualifies as a small business under SBA regulations (see http://www.sba.gov/services/contracting opportunities/sizestandardstopics/index.html). Parent companies, affiliates, and subsidiaries will be considered when determining business size. The dual pricing schedule reflects the Commercial Service’s user fee schedule that became effective May 1, 2008 (for additional information see http://www.export.gov/newsletter/march2008/initiatives.html).
Note: Minimum booth space is 9sq mt. Companies can take larger space for which cost will be calculated accordingly.
FOR ADDITIONAL DETAILS AND TO APPLY, PLEASE GO TO:
http://www.buyusa.gov/healthcare/indiatmapp.html
| Jetta DeNend | Srimoti Mukherji |
| International Trade Specialist, New York | Senior Commercial Specialist, New Delhi |
| jetta.denend@mail.doc.gov | srimoti.mukherji@mail.doc.gov |
| 212-809-2644 | +91 11 2347 2226 |