Indian hospitals could buy British
This article was originally published in Scrip
Representatives from India's hospitals are to meet with UK healthcare companies at a meet-the-buyer event organised by UK Trade & Investment (UKTI) in London on June 25th.
The delegates will be particularly interested in companies that can offer products for early diagnosis, infection control and hospital design. They will also be looking to acquire expertise in clinical trials, laboratory technology, healthcare training and medical devices, including wound-care, orthopaedic and respiratory products.
India's healthcare market is currently valued at around $35 billion and is expected to reach more than $75 billion by 2012. The country's industry and economy is booming as outside companies seek to target this new market. As a result, it has seen a rise in the number of lifestyle-related diseases and conditions, such as obesity, which offer potential for healthcare companies, UKTI said.
Each of the UK companies will have the chance to meet with the Indian buyers one-on-one. The buyers are experts in their fields and are keen to take advantage of the UK's range of talent in its healthcare professionals, Bob Kipps, senior sector manager for healthcare at UKTI, said.