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Healthcare – the next frontier for Indian companies in Africa

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India is ranked amongst the world’s top five fastest growing healthcare destinations in the world and targets 32,00,000 foreign patients to India by 2015 – A  Rs. 10,800 crore industry in the making according to ASSOCHAM.

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India undoubtedly offers the best to the world in terms of quality, care and cost of treatment. Reputed Indian Hospitals now have the latest cutting edge technology and world class doctors. The flow of patients from Africa to India for treatment each year, many of them seeking specialized help in Cardiology,Oncology,Nephrology,Neurology,Urology,Orthopaedics among others is growing every year at a healthy pace. Modern medicine combined with India’s five thousand year old traditional alternate medicines and wellness therapies like Ayurveda, Naturopathy and Yoga can offer to the world an unbeatable healing package.

“Our research shows that the number of Africans now actively seeking health treatment abroad rose 30% in 2012 making it one of the fastest growing sectors worldwide. It is now estimated that more than 15% of affluent Africans travel each year for medical treatments abroad spending in excess of over USD 15 mn annually” said Sanjay Bhan, Partner, Hospitality Unlimited.

Africa’s healthcare industry is characterized by a huge division between the private and public sectors both in terms of facilities and funding. As a result, there exist immense opportunities for the supply of a wide range of hospital equipment, instrumentation, machinery and allied medical products. Most of the requirements of the healthcare sector in Africa are imported. Being a price-sensitive market, African buyers are always on the lookout for high quality, competitively priced goods to meet their requirements.

India’s pharmaceutical industry also dominates drug imports by African governments and NGOs, thanks to quality but low cost medicines made by Indian companies.

 

“The event – Africa Health Expo taking place from 30 Jan – 7 Feb 2014 at Benin, Togo and Ghana, attracts a targeted audience of Ministers, Government Departments & Policy Makers, Chambers of Commerce, Doctors, Healthcare Professionals, Embassies and consulates, Associations, Media, Importers, Pharmaceutical companies, Equipment manufacturers, etc.” said RajendraSingh Bhati, Partner, Hospitality Unlimited.

Held under the support and endorsement of the Indian High Commission in Ghana, Ministry of Foreign Affairs – Republic of Benin, Embassy of the Republic of Benin in India and Ministry of Foreign Affairs, Republic of Togo, the event also enjoys the support of the medical fraternity in Ghana, Benin and Togo.

Africa Health Expo 2014 will bring together healthcare leaders from India to experience first-hand the remarkable untapped potential that Africa holds for its people.  The event involves a series of B2B meetings, OPD, Hospital Tours and Workshops. The staged activities include discussions, exchanges as well as extensive networking opportunities to the participants.

All exhibitors will have pre-arranged meetings with the relevant hospitals, associations, enabling them to discuss technical collaborations, strategic alliances to set up hospitals in collaboration with the hospitals in India, medical camps and OPDs in collaborations with Governments, NGOs &local partners as well as tying up with Medical professionals for periodical contract as visiting doctors.

For further press information please visit

www.africahealthexpo.com

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