Wednesday, September 9th, 2009 - Hong Kong Trade Development Council
Surging worldwide health expenditure has created an ideal environment for vendors and buyers of medical devices and supplies to meet at new fair in Hong Kong.

Organised by the Hong Kong Trade Development Council, HKTDC Hong Kong International Medical Devices and Supplies Fair 2009 will make its debut at the Hong Kong Convention & Exhibition Centre (HKCEC) from 4 to 6 November. The fair, which is co-organised by the Hong Kong Medical & Healthcare Device Industries Association (HKMHDIA), will bring distributors and manufacturers of a wide variety of medical devices and supplies under one roof.

The fair offers a timely opportunity to ride on the recent 850-billion yuan reform of the Chinese mainland’s medical care system, which has resulted in an increase in medical expenditure and the number of medical device licences being issued. The fair is even more attractive to the industry as medical and healthcare spending continues to expand regardless of the turbulent financial times.

According to the World Health Organisation, worldwide expenditure on health now exceeds US$4.1 trillion a year and has been increasing as a percentage of GDP among all major economies. This phenomenon has been further strengthened by outbreaks of bird flu, SARS and, most recently, H1N1 influenza.

Hong Kong has long been a leading international sourcing and trading hub as a result of its central geographical location. The new fair will be the focal point for manufacturers and distributors of medical devices and supplies, together with end-users from around the world, to reach out to their target markets.

Through the fair, manufacturers can line up with buyers from both mature and emerging markets. Many device manufacturers will come to source products from medical component manufacturers. They can also identify reputable distributors to gain a foothold in the lucrative Asia market, in particular the China market, given its strong domestic consumption and purchasing power.

Major exhibit categories include Accident and Emergency Equipment; Building Technology and Hospital Furniture; Chinese Medical Devices; Communication, Systems and Information Technology; Dental Equipment and Supplies; Diagnostics; Electromedical Equipment/Medical Technology, to name only a few.

The fair also contributes to the ongoing medical device regulatory discussion by supporting the 14 th Asian Harmonization Working Party (AHWP) meeting during the fair. The AHWP meeting aims to forge a common direction for the harmonisation of medical device regulation in Asia. Over 400 government officials and business executives from its 16 member economies are expected to attend.

Technology commercialisation is a major theme of the fair. Savvy pioneers and innovators in medical technology from educational and research institutes, including the Centre for Innovation and Technology, t he Chinese University of Hong Kong, one of the sponsors, will display their latest developments. They aim to transform their bold innovations or breakthrough ideas into commercial products by liaising with business entities.

Two HKTDC fairs, the HKTDC Hong Kong Optical Fair and the HKTDC Hong Kong International Wine & Spirits Fair, will be held concurrently at HKCEC.

For further information about the fair, please visit www.hktdc.com/hkmedicalfair

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Hong Kong Trade Development Council


Established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 in the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, visit www.hktdc.com.
Peter Bosevski
P: 02-9261-8911
W: www.hktdc.com

Keywords

The fair offers a timely opportunity to ride on the recent 850-billion yuan reform of the Chinese mainland’s medical care system, which has resulted in an increase in medical expenditure and the number of medical device licences being issued.

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