Join the US Department of Commerce Medical Trade Mission to India

Dates: 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
 
For details and to apply please see http://www.buyusa.gov/healthcare/tmindia.html or Jetta DeNend at Jetta.DeNend@N0SPAM.mail.doc.gov