Post-Event Report: Medifest India 2010 5th International Medical and Healthcare Summit

With the strong decision-making presence of 64% visitors representing management and 74% visitors involved in product selection and technology purchasing decisions, Medifest India 2010, a premier medical and healthcare summit held last December 13-15, 2010 at NASC Complex PUSA New Delhi and the most comprehensive annual event serving the Indian subcontinent, has proven to be a perfect platform to explore the USD 40 billion Indian healthcare industry, which is estimated to grow to USD 78.6 billion by 2012.

Medifest India, an umbrella event for the healthcare industry, attracted key decision-makers from 20 countries, including Malaysia, Thailand, Iran, Mongolia, Poland, Korea, The Netherlands, Germany, Czech Republic, India, Singapore, Japan, China, Hungary, Sudan, Sri Lanka, Zimbabwe, USA, Viet Nam, and Kuwait. A delegation from the Ministry of Health and Child Welfare of the Government of Zimbabwe led by Drs. P.K. Chivaurah, Jasper Chimedza, and C.T. Basera, besides other private buyers across the globe, was one of the main highlights of the event.

India is seeing a shift in disease patterns from communicable diseases to the high incidence of non-communicable and lifestyle-related diseases; hence, the demand for tertiary and quaternary care is huge. The gap in infrastructure, in terms of healthcare facilities and personnel, presents opportunities for foreign companies. As per a study by an industry body and Ernst & Young, India would require another 1.75 million beds by the end of 2025. The public sector, however, is likely to contribute only 15% to 20% of the required USD 86 billion investment according to Mr. Roohit Madan, CEO of Medifest.


Concurrent conference sessions on Injection Safety, Sexuality, Quit Smoking, Percutaneous Therapy of Valvular Lesions in Heart Failure, and Approach to a Patient of Fatty Liver were hosted by Safe Point Centre India and the Indian Medical Association (Janak Puri Branch and Central Delhi Branch) and motivated medical and paramedical fraternities to exchange views with renowned speakers like Dr. T.K. Joshi, Dr. (Col) V.K. Wadia, Dr. A.K. Kansal, Prof. (Dr.) Vijay Trehan, Prof. (Dr.) Nirmal Kumar, and Dr. H.P. Singh.

Mr. Madan offered both foreign and local companies exclusive support and assistance to explore the Indian healthcare sector, which is expected to become a USD 280 billion industry by 2020 with spending on health estimated to grow 14% annually.