China’s healthcare market: Reform, innovation, and investment shifts
China’s healthcare system is undergoing reforms to improve public hospital operations and integrate advanced technologies. Key changes in 2024 aim to control costs, enhance drug procurement, and open up the medical sector to foreign-owned hospital operations. These changes reflect the government’s efforts to balance rising healthcare demands with fiscal sustainability, all amid China’s rapidly aging […]
Will GLP-1 drugs help control China’s impending obesity epidemic? Behind the burgeoning popularity of Ozempic in China
According to the World Health Organization (WHO), 38% of China’s population was overweight and 8% was obese in 2022. While the obesity rate is much lower than many western countries including the United States, the growth rate is outpacing its eastern neighbors South Korea, Japan, and Singapore. This has not only captured the attention of […]
Growth opportunities for foreign-owned hospital operations: What healthcare companies in China should know
Foreign-owned companies can now direct clinical operations and open 100% foreign owned hospitals in some Chinese cities. On September 7th 2024, China’s Ministry of Commerce, National Health Commission and the National Medical Products Administration announced the opening up the medical sector and, in particular, medical innovation to international players. As of this date, foreign-owned healthcare […]
Boao Hope City: trailblazing medical tourism in Hainan through preferential policies
In the past, the medical tourism market in China primarily involved Chinese citizens traveling abroad for medical treatments. However, Hainan Province in South China has been actively boosting its medical sector, with a particular focus on the Hainan Boao Lecheng International Medical Tourism Pilot Zone (海南博鳌乐城国际医疗旅游先行区), also known as Boao Hope City. This initiative targets […]
Government policies are reshaping the landscape of China’s Medical Technology Industry
The medical technology industry, commonly known as the MedTech industry, is an essential component of the healthcare industry. Such segment includes all those that create, produce, and market innovative medical equipment and health information systems that allow simpler prevention, earlier disease detection, less invasive procedures, and more potent therapies. China’s policies in the medical industry […]