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heart diseases, hepatitis B and C, and Indian Engineering Pavilion in Ethiopia coincides with ITME Africa 2020, which
high blood pressure. Currently, more Given the growing importance of the is being organised by the India ITME So-
than 16,600 healthcare centres deliver sector in the Ethiopian market, EEPC ciety, Ethiopian Chamber of Commerce
health services in Ethiopia. The govern- India with support from the Ministry and Sectoral Associations (ECCSA) and
ment encourages private sector partici- of Commerce and Industry has organ- EEPC India. Together these two exhi-
pation in the area of quality of care and ised the Indian Engineering Pavilion in
quality of service. Equipment and ser- Ethiopia during 4-6 January 2020. In this bitions can provide significant oppor-
vices to new hospitals and health centres exhibition, medical devices have been tunities to the Indian medical devices
is a leading subsector in the Ethiopian kept as a major sector besides other key manufacturers and exporters in the
healthcare industry. engineering exports. Also, this exhibition Ethiopian market.

MENA (MIDDLE EAST AND NORTH AFRICA) REGION

HE MENA medical devices mar- Dubai Dubai Industrial Strategy 2030. The UAE
ket is projected to grow at a steady The UAE market for medical devices was hosts around 18 multinational companies
TCAGR of 5.4 percent over the pe- estimated at 3.7 billion AED in 2016.8 in the medical devices business who use
riod 2015-20 and reach a market value Population growth, changing epidemiol- Dubai as regional distribution hub, in ad-
of $9.8 billion by 2020.7 The key drivers ogy, growing medical tourism industry, dition to around 10 major multinationals
behind the growth of the medical devices healthcare infrastructure developments, in pharmaceuticals distribution, and a few
market in the region are: greater demand expanding health insurance, digital trans- local manufacturers.
for healthcare stemming from population formation, new technologies, and the
growth, expansion of the private health- research drive under the Dubai Science India Pavilion in Arab Health 2020
care system, increasing medical tourism Park are some of the key factors driving its The Arab Health Exhibition and Congress
with Dubai positioned as a hub, and growth. is the largest healthcare exhibition and
plans to develop an integrated medical The UAE is the fourth-largest medical
city in the Giza, Egypt. The United Arab devices market in the MENA region and medical congress in West Asia and the sec-
Emirates would be one of the leaders in has among the highest medical devices ex- ond-largest in the world. It is a four-day
the MENA medical devices market as it penditure per capita in the region. As per event being held over 27-30 January 2020
would remain the preferred base for mul- industry estimates, the market will regis- at the Dubai International Convention
tinational medical devices companies to ter a 2015-20 CAGR of 8.2 percent, which and Exhibition Centre in Dubai, United
establish their regional headquarters. Giv- will take the value to AED5.3 billion ($1.4 Arab Emirates. EEPC India, which will
en the growing importance of the medical billion) by 2020. Consumables and diag- be organising the India Pavilion in Arab
devices industry in the region and the ad- nostic imaging in addition to other de- Health 2020, has been historically asso-
vantageous position that UAE offers, it is vices represent the top market sizes. The ciated with this event and the previous
an advantage for EEPC India to organise pharma and medical equipment sector editions witnessed significant influx of
the India Pavilion in Arab Health. remains one of the six target sectors set by visitors.

FUTURE OPPORTUNITIES FOR INDIAN MEDICAL DEVICES INDUSTRY

PART from the growing upper ism industry is expected to grow by 200 in the coming years.
and middle class and increasing percent by 2020, hitting $9 billion.9 In The Central Drugs Standard Control
Adomestic expenditure in health- 2017, India attracted substantial num- Organisation (CDSCO) published the
care, India is gradually becoming one of ber of medical tourists from neighbour- new Medical Device Rules, 2017, which
the most sought-after nations among its ing SAARC nations as well as African came into force on 1 January 2018. The
neighbours for medical tourism purpos- countries such as Nigeria and Kenya. new rules have been formulated to pro-
es. As per recent estimates of the Min- Therefore, the medical devices sector is mote domestic manufacturing and to
istry of Tourism, India’s medical tour- going to assume much more importance regulate import and manufacturing in

AUGUST 2019 l INDIAN ENGINEERING EXPORTS l 13