China Offering Prime Incentives for Healthcare Development
Jonathan Edelheit, JD
CEO of Medical Tourism Association | Making High Quality Global Healthcare, Safe, Trustworthy and Accessible
The outbound medical tourism market in China is growing at rapid pace, with many wealthy Chinese patients seeking medical care and wellness services at top international hospitals and clinics in the U.S. The most sought-after services include cancer treatments, cardiology, organ transplants, fertility treatments, pediatric treatments, comprehensive health-check-ups and anti-aging therapies.
We are expecting 20 or more Chinese facilitator companies to participate in our 2nd VIP Trade Mission as they explore partnerships with international healthcare facilities for patient referrals.
The Hainan government is offering a number of incentives to attract international collaborations including:
- Fast-track approval for new drugs, technology and medical devices
- Extending up to three years the time foreign physicians are allowed to practice medicine in Hainan
- Allowing 100% foreign direct investment and ownership in hospitals
- Reduction of tariffs on certain medical devices and equipment
Ready to join me in China to network with key decision makers fueling the rapid healthcare development in China? Learn more about the Trade Mission and annual conference HERE.
Healthcare City
A big focus this year will be on the Boao Lecheng International Medical Travel Pilot Zone, which is currently under development. With over 7 billion USD in total investment, the Hainan Government is seeking to attract international partnerships and collaborations to create a world-class Healthcare City. Key projects include:
- Yuanhe 301 Precision Medical Center
- Enhance International Cell Therapy Medical Center
- Ciming Oasis Rehabilitation Center for Chronic Diseases
- Hainan New-Life Stem Cell Anti-Aging Beauty Center
- Maritime Silk Road Stem Cell Medical Center
- Yinfeng Stem Cell International Medical Center
- Chang Sheng International Medical Center.
The government is focused on attracting leading organizations from abroad including tourism boards, international hospitals, specialty hospitals, wellness, hotels, biotech, R & D, digital health, finance, real estate development, insurance, and medical tourism to help develop the health and tourism sectors.
Entrepreneur,executive and leadership coach.
8yDear Jonathan,nice to meet you on linkedin.it's time to open an office in Shanghai to develop your strategy in Great China market.I would like to do this job,thanks for your quick response. Abehymann