Life Science sector

An Expert's View about Medical, Health and Cosmetics Products in Hong Kong SAR

Posted on: 25 Apr 2012

Hong Kong has adopted a dual system for health care for its 7 million people under which services are provided by both the public and private health care sectors.

Life Science sector in Hong Kong Hong Kong has adopted a dual system for health care for its 7 million people under which services are provided by both the public and private health care sectors. Hong Kong?s healthcare system is closely modelled on the UK?s, and there are very close links between Hong Kong and UK administrators, clinicians and related professionals. Market overview Public healthcare in Hong Kong is dominated by the Hospital Authority (HA), who are responsible for the management of 38 public hospitals (which operate in similar ways to the NHS in the UK). HA has more than 90% market share in secondary and tertiary care. The remaining balance falls to the private sector. Hong Kong Public Health Fact Sheet :- As at the end of 2011, there were 13 private hospitals. The Government has announced plans to allocate 4 sites for establishment of private hospitals (including 1 site suitable for PPP) in Hong Kong. A formal tender document is expected to be released in first quarter of 2012. See link below on development of private hospitals :- Key opportunities Chinese Medicine Hong Kong?s business, academic and healthcare links with China, and Chinese communities in the region, provide opportunities to tap the vast resources of Traditional Chinese Medicinal (TCM) and herbal drugs for further refinery and commercialisation. The Hong Kong Government is keen to develop Hong Kong as the international hub for the standardisation of TCM. In Hong Kong, the integrative medicine approach (Western and TCM) has rolled out in some Government clinics and there are opportunities for collaborative research in this area. Medical Training Medical Training in Hong Kong was based on British Standards for over 100 years. It was the only qualification recognised by the Hong Kong Government for its medical professionals until 1997. It has therefore had a profound impact on the local medical training scene. There are opportunities for specialised medical training (such as Family Medicine) and CPD (Continuous Professional Development) programmes in Hong Kong. Medical Devices Due to an ageing population, the market for special health care products (including home care) for the elderly and the disabled are in demand. Currently Medical Devices are not required to be registered with the Medical Device Control Office at the Dept of Health although a voluntary system is in place. For more information on the Medical Device Registration, refer to link :- Hong Kong has a well-established electronics industry but a lack of technical and medical expertise for research and development in medical electronic products. Many medical device manufacturers are OEMs but are keen to expand their medical device business via sourcing/investment of technological patents and medical innovations Latest export opportunities in the Life Sciences Sector Latest export opportunities in Hong Kong Getting into the market Main route to market is through local agents and distributors who are used to representing overseas brands (including UK). Public Hospitals procure through a centralised procurement system and interested vendors should check from the HA Website. See link :- More about doing business in Hong Kong Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ? Cecilia Chan, British Consulate-General Hong Kong. Tel: +852 2901-3268 or email: ? Jacqueline Chui, British Consulate-General Hong Kong. Tel: +852 2901-3328 or email: Contact your local international trade team Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. China International Medical Equipment Fair (Shenzhen, China) Date: 17th ? 20th April 2012 The Hospital Authority Convention Date: 7th ? 8th May 2012 Hong Kong International Medical Devices and Supplies Fair Date: 7th ? 9th May 2012 International Conference & Exhibition of the Modernisation of Chinese Medicine & Health Products Date: 16th ? 18th August 2012 Natural Products Expo Asia Date: 23rd ? 25th August 2012 Latest Life Sciences events Useful links More about OMIS and other UKTI services for exporters
Posted: 25 April 2012

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