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JV in Beijing to develop wearable medical devices

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28-Aug-14 China's Lepu Medical has set up a JV in Beijing to develop wearable medical devices, mainly targeting diabetes and cardiac disease monitoring and management products such as mobile ECG, mobile blood glucose meters and test strips, and related apps and accessories. [image: Dream Designs]

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China allows foreign-owned hospitals in more cities

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27-Aug-14 After piloting the first wholly foreign-owned hospital in the Shanghai Free Trade Zone, China's Ministry of Commerce has announced that foreign investors will be allowed 100% ownership of hospitals in seven cities and provinces. Both greenfield and M&A investment will be permitted.

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Turkey becomes world's 6th top medical tourism destination

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22-Aug-14 Turkey has increased its profile as a destination for medical tourism, becoming the sixth most visited medical tourism destination in the world. The Ministry of Health hopes to reach USD20 billion in medical tourism revenues by 2023, with a 15-20% annual growth rate. [image: Zeynel Cebeci]

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New policy favours local medical device makers in China

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21-Aug-14 The Chinese government has said it will pursue policies explicitly designed to favour domestic medical equipment manufacturers over foreign ones. The move accelerates the trend of foreign medical device manufacturers acquiring or joint venturing with Chinese companies, as well as moving additional medical device manufacturing capacity from their home countries to China.

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