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October 20, 2019


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BIOTECHNOLOGY
Bridging the success between Western and Eastern technologies and
commerce….


The Market:

Currently sizeable business opportunities are emerging in China's Healthcare Sector. Shifting demographics, its one-child policy, an aging population and growing living standards have brought new pressures to bear on the social security system, which is to undergo fundamental reform. Some USD 85 billion will be spent solely on healthcare programs over the next 5 years.

Therapeutic areas like respiratory & cardiovascular diseases, as well HIV / AIDS are major concerns. Primary healthcare, which is almost non-existent, is a potential growth area. China proposes to create a second level of privately owned healthcare sector which will be funded by insurance and private investment and also develop facilities to care for the elderly. This includes products and medical aids for the relevant groups of patients. The medical device market, where Sino-foreign Joint Ventures are encouraged, is predicted to be the world's largest by mid-century. All of these initiatives will unfold numerous opportunities - from in/ out licensing to product development to distribution as well as providing care and service - for foreign investors. Furthermore, new regulations on foreign investments have been released and the authorities are exploring standardizing product registration with international requirements.

 

 


 

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