Pune Pharma and Lab Expo to Highlight Cutting-Edge Technologies, Strengthening Global Business Connections
Pune, 5th May 2024: The upcoming Pune Pharma and Lab Expo, scheduled from May 9th to 11th at the Hindustan Antibiotic Exhibition Ground, Pimpri, is poised to unveil groundbreaking innovations and advancements in the pharmaceutical and laboratory sectors. With participation from over 150 exhibitors representing pharmaceutical, packaging machinery, lab and analytical instruments, and allied industries, this event aims to foster robust business ties both domestically and internationally.
Organized by Exhivision Media, a leading event management company, the expo stands as a flagship gathering in India’s burgeoning pharmaceutical and laboratory equipment market. Fueled by strategic investments in healthcare infrastructure and advanced research and development, the 2024 edition of the Pune Pharma and Lab Expo promises a vibrant platform for B2B engagements, showcasing cutting-edge products, and introducing the latest market innovations tailored to professionals from the pharma, biotech, and healthcare sectors.
Recent market analysis projects substantial growth in the Laboratory Equipment Services Market, anticipated to reach $22.1 billion by 2027, with a notable CAGR of 11.1%. This surge is attributed to the rising demand for precise diagnostics, minimized operational downtime, and cost-efficient solutions meeting stringent quality benchmarks, particularly in the Asia-Pacific region.
Ajeetkumar Shukla, Director of Exhivision Media, expressed enthusiasm about bringing back the Pune Pharma and Lab Expo to Pune, lauding the city’s status as a pivotal center for pharmaceutical innovation and technology. Shukla emphasized that the event not only spotlights industry breakthroughs but also serves as a vital platform for nurturing robust business connections across India and abroad.
The Expo will showcase state-of-the-art exhibits in pharmaceutical machinery, lab and analytical instruments, and a diverse range of other products crucial to the pharmaceutical and healthcare sectors. Anticipating over 5,000 attendees, including senior pharma executives, QA/QC managers, R&D professionals, and procurement managers from various corners of the globe, the event aims to offer unparalleled access to the latest technologies and market dynamics.
In the fiscal year 2023, the Indian pharma market witnessed a notable year-on-year growth of nearly 5%, reaching a valuation of $49.78 billion. Noteworthy was the modest 3% growth in exports, juxtaposed with a robust 7% surge in the domestic market. Developed markets exhibited an 8% growth trajectory, overcoming challenges posed by geopolitical conflicts and economic fluctuations in emerging economies.
