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Key drivers in Hong Kong's medical device market

Published on November 13, 2009 at 4:35 AM · No Comments

Research and Markets (http://www.researchandmarkets.com/research/36e0cc/the_medical_device) has announced the addition of the "The Medical Device Market: Hong Kong" report to their offering.

This in-depth medical device market report is ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Ruled by China since 1997, Hong Kong acts as a hub for trade throughout the region, and especially as a conduit for trade in and out of the People's Republic of China, although this role has arguably lost some of its importance due to the rapid business development on the mainland.

As one of the richest parts of Asia, healthcare provision is of a high standard. The public health sector, modelled on the UK system, is strong, although attempts have been made by the government to promote the private sector to relieve pressure on services.

The bulk of imports tends to be the more expensive advanced medical equipment, much of which is re-exported with only a small proportion intended for domestic use.

The Hong Kong market for medical equipment and supplies was estimated at US$352 million in 2008, equal to US$50 per capita. It is expected that the device market will expand at a rate of 9.9% per annum, reaching US$562 million, or US$78 per capita by 2013.

Executive Summary:

Hong Kong ranks as one of Asia's most prosperous economies. This in-depth market report provides 5-year market forecasts, analysis of trends, domestic production, medical imports and exports, health provision and health funding. In addition to the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Key Topics Covered:

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The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News-Medical.Net.



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