Medical Fair India formerly known as HOSPIMedica India is an international exhibition and conference on Diagnostics, Medical Equipment and Technology. The objective of the international exhibition is to bring together, the manufacturers, traders and distributors ofmedical equipment under one roof, so that they can showcase the latest range to the doctors and hospital administrators. There are various medical associations in India (catering to various disciplines like cardiology, orthopaedics, physicians, radiology, surgery, neurology etc) which conduct individual conferences. It also serves as a meeting ground for medical professionals and the industry, to look at viable medical solutions. The concept is so popular and firmly entrenched, that this is now the oldest running medical exhibition, in India.
The 16th edition of MEDICAL FAIR INDIA, formerly named HOSPIMedica India, the most well-established fair in India for medical & hospital equipments and accessories, jointly organized by Messe Düsseldorf, Germany and its Indian subsidiary Messe Düsseldorf India Pvt. Ltd., ended successfully at Bombay Exhibition Center, Goregaon Mumbai.
The Indian healthcare industry is currently estimated at US $22 billion, and the medical device market at US $1.85 billion - with a 15 percent annual growth rate. The conditions for exporting to India have become increasingly conducive, especially since 50 percent of the market's demand for medical equipment can only be met by imports.