Life Sciences Opportunities

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

Posted on: 23 Oct 2011

Hong Kong has adopted a dual system for health care for its 7 million people in 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.

Sector briefing Life Sciences Opportunities in Hong Kong and Macao Why Hong Kong? Hong Kong has adopted a dual system for health care for its 7 million people in 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. Find general information on the Hong Kong market conditions on UKTI?s website. The Doing Business Guide Hong Kong gives an overview of Hong Kong?s economy, business culture, potential opportunities and an introduction to other relevant issue. UK Trade & Investment Sector briefing: Life Sciences opportunities in Hong Kong and Macao opportunities for collaborative research in this Opportunities area. Hospitals Biotechnology Public Hospitals Hong Kong is a good location from which Public healthcare in Hong Kong is dominated by biotechnology companies can access Southeast the Hospital Authority (HA), who are Asian markets. Hong Kong is short of qualified responsible for the management of 38 public scientific expertise to carry out the research, hospitals (operate in similar ways with the NHS development and commercialisation activities in the UK). HA has more than 90% market (particularly the latter). The HKSARG is keen to share in secondary and tertiary care. The attract overseas qualified scientists and remaining balance falls to the private sector. companies to take part in the development of biotechnology in Hong Kong. There is funding in Public Hospitals procure through a centralised place for Biotech R&D research by the HKSAR procurement system and interested vendors Government. should check the HA Website - www.ha.org.hlk Medical Training Background information on the public health system in Hong Kong can be found on this Fact Medical Training in Hong Kong was based on Sheet - British Standards for over 100 years. It was the http://www.gov.hk/en/about/abouthk/factsheet only qualification recognised by the Hong Kong s/docs/public_health.pdf Government for its medical professionals until 1997. This has therefore deeply penetrated in Some new builds or hospital expansion projects the local medical training scene and offers include: Children?s Hospital (Former Kai Tak opportunities for specialised medical training Airport Site), North Lantau Hospital (adjacent to (such as Family Medicine) and CPD (Continuous the proposed new PPP hospital), and Caritas Professional Development) programmes in Hong Medical Centre. Kong. Private Hospitals Medical Devices As at the end of 2010, there were 13 private Due to an ageing population, the market for hospitals. The Government has announced special health care products (including home plans to allocate 4 new sites for the care) for the elderly and the disabled are in establishment of private hospitals (including 1 demand. Currently Medical Devices are not site suitable for PPP) in Hong Kong. An required to register with the Medical Device Expression of Interest was released and closed Control Office at the Dept of Health although a in March 2010. A formal tender document is voluntary system is in place. For more expected to be released sometime in 2011. information on the registration of Medical Devices - http://www.mdco.gov.hk/ See link for development of private hospitals - http://www.fhb.gov.hk/eoi/en/index.html Hong Kong has a well-established electronics industry but a lack of technical and medical expertise for research and development in Chinese Medicine medical electronic products. Many medical Hong Kong?s business, academic and healthcare device manufacturers are OEMs but are keen to links with China, and Chinese communities in expand their medical device business via the region, provide opportunities to tap the vast sourcing/investment of technological patents resources of Traditional Chinese Medicinal and medical innovations. (TCM) and herbal drugs for further refining and commercialisation. The Hong Kong Government A recent JV partnership was formed between a is keen to develop Hong Kong as the UK Medical spin out company and a Hong Kong international hub for the standardisation of Manufacturer on co-development of medical TCM. devices. UK spin out companies with patents or specific technologies can approach UKTI Hong In Hong Kong, the integrative medicine Kong for investor and partnership facilitation. approach (Western and TCM) has been rolled out in some Government clinics and there are UK Trade & Investment Sector briefing: Life Sciences opportunities in Hong Kong and Macao Macao UKTI contacts Cecilia Chan Macao is a small market with a population of Assistant Trade Commissioner 540,000. There are currently 3 hospitals in British Consulate-General Hong Kong Macao (1 Public, 1 Private and 1 TCM) with 1 Supreme Court Road, Admiralty approximately 1000 beds. Some hospital Hong Kong expansion work has been done recently in both Tel: (00852) 2901 3268 the private and public hospitals to cope with Email: cecilia.chan@fco.gov.uk growth in tourists and residents. http://www.ukti.gov.uk Niche opportunities in Macao include medical devices for home care and aged patients. Jacqueline Chui Trade Adviser You can be alerted to business opportunities on British Consulate-General Hong Kong a regular basis by registering on the UKTI 1 Supreme Court Road, Admiralty website. Find out more on UKTI?s business Hong Kong opportunities service on the UKTI website Tel: (852) 2901 3328 Email: jacqueline.chui@fco.gov.uk http://www.ukti.gov.uk Major events and activities Hong Kong International Medical Devices and Supplies Fair www.hktdc.com Contact: Cecilia Chan Email: Cecilia.chan@fco.gov.uk Date: 7-9 May 2012 Find full details of all events in this country and sector on the UKTI website. New export events are added daily to the site and you can register to be alerted to them on a daily, weekly or monthly basis UKTI?s Tradeshow Access Programme (TAP) provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend trade shows overseas. Find out more about UKTI support for attendance at overseas events. UK Trade & Investment Sector briefing: Life Sciences opportunities in Hong Kong and Macao Next steps - How UKTI can help ? Arranging appointments British companies wishing to develop their ? Organise seminars or other events for business in the Hong Kong and Macao markets you to meet contacts and promote your are advised to undertake as much market company in the Chinese market research and planning as possible in the UK. UKTI?s team in Hong Kong, with its wide local This work is available via our Overseas Market knowledge and experience, can provide a Introduction Service (OMIS) a chargeable range of services to British-based companies service which assists British-based companies wishing to grow their business in global wishing to enter or expand their business in markets. overseas markets. This can include: To find out more about commissioning this ? Provision of market information work, or accessing other UKTI services and ? Validated lists of agents/distributors specialist advice, please visit the UKTI website ? Key market players or potential to find contact details for your local UKTI customers in the Hong Kong/Macao office. market ? Establishment of interest of such contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2011 by UK Trade & Investment. Crown Copyright © You may reuse this information (not including logos, images and case studies) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit www.nationalarchives.gov.uk/doc/open-government-licence/ or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gsi.gov.uk This publication is also available from our website at www.ukti.gov.uk or for more information please telephone +44 (0)20 7215 8000. UK Trade & Investment Sector briefing: Life Sciences opportunities in Hong Kong and Macao
Posted: 23 October 2011

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