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GE Healthcare optimistic on China

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24-Jan-17 GE Healthcare had a strong 2016 fourth quarter performance led by 19 percent growth in China. For 2017, the company expects momentum to carry over for markets in China, Africa, and Asia Pacific, while Europe will be stable. The United States market is expected to slow down. Sales were boosted by ultrasound, up 6 percent, and imaging, up 2 percent. [image: GE Healthcare]

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Private jet charters for Chinese medical tourists

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20-Jan-17 Private jet company L’Voyage is seeing growing interest in overseas medical and wellness trips from China. The ultra-rich prefer to fly by private jet and are increasingly choosing Europe and the US for treatments, drugs and technologies not available in China. Global Growth Markets estimates that 4,300 ultra-rich Chinese sought treatments overseas in 2015. [image: International Medical Travel Journal]

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China highlights medical device industry as a breakthrough area

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18-Jan-17 The CDFA has published “Guidelines for the Preparation of Special Reports on the Application of Innovative Medical Devices" to encourage medical device study and innovation, and to promote new medical device technology. The medical device industry represents massive potential in China with only 14% of the country’s total pharma/devices market, compared with 42% in developed markets. [image: Woke Medical]

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China’s healthcare sector a big draw for private equity investors

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18-Jan-17 Private equity firms and hedge funds are investing heavily into China’s healthcare industry in a bet on the sector’s upbeat growth potential. Private hospitals and drug makers are among the bright spots for investors focusing on China, where rising income and an ageing population are boosting the demand for quality medical services. [image: South China Morning Post]

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Chinese middle class big business for overseas healthcare providers

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 Insights

18-Jan-17 Like more traditional tourists, outbound Chinese patients are a lucrative opportunity. Many Chinese medical tourists aren’t fazed by high prices. The average cost of treatment in the US is four times the cost in China. In 2015, Chinese medical tourists spent USD9.7 bn on treatment and travel, according to Global Growth Markets. Hundreds of intermediary companies are springing up across China to capitalise. [image: Visual China]

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