China represents one of the largest opportunities inbound and outbound in healthcare globally. Come meet some VIP Delegates from China to learn more about areas for commercialization and partnerships within China and also how over 500,000 Chinese travel abroad for healthcare each year. The Chinese government and the private sector, from Insurance Companies, Hospitals to investors are looking for partners for joint venture projects within and outside of China. Learn more about the opportunities in China and about the MTA’s trade mission into China and Hainan this coming December and how you can participate.
A delegation including the Governor of Hainan, China will be sharing how Hainan Province is establishing itself as a leading global medical tourism destination for health travelers from within China and is in search of cutting-edge, state-of-the-art medical and wellness services. Located on the eastern side of Hainan Province (off the coast of Southern China), the Boao Pilot Zone in particular has become one of China’s top tourism destinations.
As one of the country’s innovative green city projects, the Hainan Boao Lecheng International Medical Tourism Pilot Zone has distinguished itself by integrating medical treatments, wellness protocols, pharmaceuticals, scientific research, rehabilitation, senior care, and tourism within a geographical area dedicated to energy conservation and environmental protection.
The Medical Tourism Association (MTA) signed an MOU with the Governor of Hainan to build out the entire healthcare ecosystem of Hainan and assist in creating partnerships between international healthcare organizations, along with the public and private sectors in Hainan. As part of this long-term MOU, the Medical Tourism Association and Global Healthcare Resources are hosting a yearly conference in partnership with the Hainan Government.
According to Hainan Governor Shen Xiaoming, “By introducing the World Medical Tourism Congress (WMTC) and medical health tourism resources held by MTA in Hainan, our area will become one of the world’s top medical tourism destinations.” The project is part of an ongoing initiative of Hainan’s People’s Government to achieve its goal of becoming a world-class medical and wellness destination by the end of this decade.
Currently about 500,000 Chinese medical tourists travel abroad every year to receive higher quality healthcare they cannot receive in mainland China, according to Ctrip.
International investors are warmly received with a host of preferred policies that facilitate an appealing ROI:
- Fast-track approval for new drugs, technology, and medical devices
- Extending the time foreign physicians are permitted to practice medicine to three years
- Allowing 100% foreign direct investment and ownership in hospitals
- Reduction of tariffs on certain medical devices and equipment
Hainan has special exceptions the rest of Mainland China does not have. It is evolving into the main entry point with the potential to become the Silicon Valley of Healthcare for China.
International organizations can have full ownership, import foreign medical equipment, tech, and pharmaceuticals. They have the ability to operate and manage their own facilities in a preferential setting complete with incentives. Many global organizations are now opening their China operations in Hainan through investment, and in partnership with Chinese organizations.
The Medical Tourism Association and Global Healthcare Resources will be hosting their 2nd edition of the World Medical Tourism Congress Asia Pacific China conference, Dec 7-13, 2018 in Hainan, China. The event will include a conference with exhibitions and a trade mission to Boao, Haikou, and Sanya. The event brings in over 600 leading delegates from across China, including top Chinese hospitals, investors, facilitation companies, insurance companies, and representatives from the Chinese government and leading healthcare associations.