Meeting with Changzhou National High-Tech District Investment Promotion Bureau on Development of the Medical Device Industry

2020-08-21 | Beijing, Nanjing

The Healthcare Equipment (HCE) Working Group hold a meeting with the Changzhou National High-Tech District Investment Promotion Bureau on Development of the Medical Device Industry.

The Investment Promotion Bureau gave an introduction of the High-tech park in Changzhou. Several members of the Chamber have manufacturing facilities in Changzhou.

The HCE Working Group summarized the development of Jiangsu province in the last 30+ years and their contacts with healthcare related government agencies in Jiangsu Province. For general questions, Changzhou government officials can contact the Chamber's Nanjing Chapter.

The HCE WG gave an introduction of the healthcare industry in Europe, 95% of the European medical device manufacturers are SMEs. Because of regulatory requirements, the threshold to set-up a medical device company in China are high, only a very small percentage of European medical device companies have subsidiaries in China, many are represented by distributors only or their products are not available for Chinese patients at all.

In addition to attracting medical device companies, the WG recommends to promote investment of international hospitals. There is high demand of Chinese patients for top-end medical services, only few foreign investors have started to explore this market.

More information: www.cznd.org.cn