En Es
Categories

Industry News

Health Summit to Play Greater Role in Chinese Health Industry

By HospiMedica International staff writers
09 May 2018

Image: The Health Industry Summit 2018 covered the entire industry value chain, including key segments such as medical devices, pharmaceutical production, drug distribution and natural health and nutrition (Photo courtesy of tHIS).The Health Industry Summit (tHIS) 2018 held at the National Exhibition and Convention Center in Shanghai on April 11, 2018, was the largest gathering of healthcare industry professionals in the world with well over 200,000 attendees from more than 150 countries and regions and over 7,000 exhibitors. The fourth edition of tHIS covered an exhibition space of over 350,000 square meters with 160 individual events and conferences being held alongside the main expo.

tHIS 2018 is fast becoming China's solution for promoting technology innovations and academic exchange in the medical healthcare arena. China is the second-largest healthcare market in the world and is one of the most attractive in the world for foreign investors. A recent report from McKinsey & Co. estimates China's healthcare market to grow at an unprecedented CAGR of about 12% from USD 357 billion in 2011 to reach USD 1 trillion by 2020. The growth of the Chinese healthcare market is expected to be driven mainly by the country’s ageing population, rise in incidences of lifestyle related diseases such as diabetes and cancer, and major steps taken by the government to improve the local healthcare infrastructure. Recent regulatory changes by the Chinese government are expected to speed up the approvals of medicines and medical devices, thus easing the process of introducing new treatments to the market.

Additionally, under its “Made in China 2025” plan, the Chinese government is focusing on the development of high-performance devices such as diagnostic imaging equipment, robotic surgery devices, high-end medical consumables, including fully degradable cardiovascular stents, wearable devices, and telemedicine. With local companies increasing their technological capabilities and producing high-end medical devices, China’s medical device market will continue to strengthen even as the competition between the players intensifies.

In line with the call by Chinese President Xi for greater promotion of the country’s health industry at the Boao Forum for Asia, tHIS 2018 covered the entire industry value chain, including key segments such as medical devices, pharmaceutical production, drug distribution and natural health and nutrition. The key events at the four-day summit included China's top medical equipment and pharmaceutical exhibitions CMEF, PHARMCHINA and API China, which showcased cutting-edge technologies such as virtual reality, augmented reality, wearables and artificial intelligence as part of the new Intelligent Health exhibition. The show also highlighted traditional medicine as China's own solutions for treatment and prevention, which runs parallel to modern medicine and drug development.

Various medical device giants such as GE, United Imaging, Siemens, Philips and Mindray as well as major pharmaceutical groups in China including Sinopharm, Shanghai Pharma and CR Pharmaceuticals used the show as a platform to launch more than 600 new products for the global or Asia Pacific markets.

tHIS 218 was hosted by Reed Sinopharm, a joint venture between the world's leading event organizer Reed Exhibitions and China's state-owned medical & pharmaceutical giant Sinopharm. The next edition of the event is scheduled to be held in May 2019 in Shanghai.

Related Links:
Reed Sinopharm



E-mail Print
FaceBook Twitter Google+ Linked in

Additional news

08 May 2018
Health Summit to Play Greater Role in Chinese Health Industry
The Health Industry Summit (tHIS) 2018 held at the National Exhibition and Convention Center in Shanghai on April 11, 2018, was the largest gathering of healthcare industry professionals in the world with well over 200,000 attendees from more than 150 countries and regions and over 7,000 exhibitors. The fourth edition of tHIS covered an exhibition space of over 350,000 square meters with 160 individual events and conferences being held alongside the main expo.
Read More
07 May 2018
Health Summit to Play Greater Role in Chinese Health Industry
The Health Industry Summit (tHIS) 2018 held at the National Exhibition and Convention Center in Shanghai on April 11, 2018, was the largest gathering of healthcare industry professionals in the world with well over 200,000 attendees from more than 150 countries and regions and over 7,000 exhibitors. The fourth edition of tHIS covered an exhibition space of over 350,000 square meters with 160 individual events and conferences being held alongside the main expo.
Read More
03 May 2018
Global POC Coag Test Market Driven by Increasing Geriatrics
The global point-of-care (POC) coagulation testing market is projected to grow at a CAGR of over 6% during the period 2018-2022, driven by the growing geriatric population, worldwide, and increasing focus on personalized medicine. These are the latest findings of Technavio Research, a global technology research and advisory company.
Read More
03 May 2018
Global PCR Market to Surpass USD 7 Billion by 2025
The global polymerase chain reaction market (PCR) was valued at USD 3.7 billion in 2017 and is projected to grow at a CAGR of 8.8% over the forecast period (2017 – 2025) to surpass USD 7.4 billion by 2025. The extensive applications of the PCR laboratory technique in various fields, rising prevalence and incidence of infectious and chronic diseases, and growing need to develop advanced PCR systems for the rapid and inexpensive quantitative detection of target samples are expected to be the key growth drivers of the PCR market during the forecast period.
Read More
30 Apr 2018
AI-Powered Technology Identifies Abnormalities in CT Scans
A new artificial intelligence (AI)-powered technology can accurately identify bleeds, fractures and other critical abnormalities in head CT scans, and can automatically generate abnormality reports. These automated reports are a first-to-market capability in the AI and radiology category, helping radiologists and hospitals prioritize care, make smarter and faster diagnoses and reduce costs.
Read More
30 Apr 2018
Medical Device Connectivity Market Worth USD 2.7 Billion by 2023
The medical device connectivity market is expected to grow at a CAGR of 23.2% from USD 0.93 billion in 2018 to USD 2.67 billion by 2023. The market growth is likely to be driven by the rising penetration of EHRs & health information exchange systems in healthcare organizations, increasing focus on care quality and patient safety, healthcare IT initiatives boosting the integration of medical devices with hospital information systems, and growing need to control healthcare costs through a connected healthcare environment.
Read More
26 Apr 2018
uAI Platform Brings Future of Intelligent Medicine Closer
United Imaging Healthcare (UIH) has unveiled its new uAI platform, besides introducing three intelligent advanced medical equipment and 10 intelligent diagnostic applications.
Read More
26 Apr 2018
Siemens Healthineers Launches Thermocycler with AI-Powered Software
Siemens Healthineers launched a new molecular thermocycler, the Fast Track cycler (FTC), and the complementary new FastFinder software at the 28th European Congress of Clinical Microbiology and Infectious Diseases (ECCMID 2018). The compact FTC allows laboratories of all sizes to implement molecular testing with simplicity and speed, while the FastFinder software improves workflow using Artificial Intelligence (AI)-powered automation.
Read More
26 Apr 2018
New AI Software Advances Organ Printing Technology
A new artificial intelligence (AI)-powered medical imaging software that enables automatic segmentation of organs and tissues, including ultra-simple conversion to single or multi-material printable 3D files, has the potential to dramatically advance the development of 3D organ printing technology.
Read More
Copyright © 2000-2018 TradeMed.com. All rights reserved. | Terms And Conditions