Italy will reinforce its position as a leader in the global healthcare market with innovative SMEs and start-ups a core part of the country’s offering at Arab Health this week. As one of the biggest attractions at the event, Italian producers are offering advanced solutions to some of the world’s most pressing health and wellness issues.
Italy is currently ranked as the number one producer for medicine and drugs in the EU, with a pharmaceutical turnover of 31.2 billion Euros, plus, the country has one of the highest growth rates. of investment in R&D in the sector. Italy is not only competitive in the global market but is also the eighth largest world economy and the second manufacturing economy in the EU.
Italy’s spotlight on the country’s healthcare SMEs and start-ups at this year’s Arab Health, follows the Italian government’s sponsorship of a 1 billion Euros investment program aimed at the native startup ecosystem in June 2020. As a result, the number of Italian start-up companies has boomed over the past year, with 13,000 start-ups now registered in Italy as of December 2020.
His Excellency Nicola Lener, Ambassador of Italy to the UAE, commented on the strong trade relationship that Italy has with the UAE, “Life Sciences are today one of Italy’s leading sectors, with an integrated ecosystem spanning from pharmaceuticals to medical devices, from regenerative medicine to precision health and diagnostics, from biotechnological research to genomics, from telemedicine to robotics, and also the development of software and data analysis tools. At Arab Health, Italian companies will be demonstrating their innovation capabilities – which have been further boosted by the disruption caused by the pandemic – and will be looking to increase their support of the expanding healthcare sector in the UAE and in the wider region.”
Fifty-one Italian companies, including eight innovative start-ups selected by ITA in its official pavilion, are present at Arab Health. Amedeo Scarpa, Italian Trade Commissioner said, “The Italian contingent at Arab Health is one of the largest offerings by any country. The exhibition is one of the most important globally in this sector and as a country, we heavily invest in healthcare innovation by supporting young individuals with a dynamic outlook. Not by chance, 18 per cent of new Italian start-ups are founded by under 35s.
Looking ahead to later this year, Italy’s strong presence at Arab Health is a snapshot of what to expect from Italy’s participation at Expo 2020 Dubai under the claim “Beauty connects people”.
For further information about Italy’s presence at Arab Health, please visit the Italian Trade Agency pavilion located in Hall 7, Stand H7.C111