Hong Kong Medical Device Consulting

The medical device market in Hong Kong is worth about $700 million. This is slightly larger than the Singapore medical device market. Although Hong Kong is officially now part of China, the Hong Kong medical device market is regulated under different regulations from China. A gradually aging population and high healthcare standards are driving the demand for quality medical devices in Hong Kong. PBM’s Hong Kong medical device consultants have helped many international companies with product registration, distributor searches, setting up joint ventures and market research in Hong Kong.

There are around 100 small and medium sized medical device manufacturers in Hong Kong, with most manufacturing sites in mainland China. These companies mostly make OEM products for larger brand names. The types of medical devices manufactured by local companies are generally less sophisticated, such as temperature and blood pressure monitors and electronic massagers.

Hong Kong imports most of its medical devices from the US and Europe. The US has a 25% market share of Hong Kong’s imported medical devices. The largest purchaser of medical devices in Hong Kong is the Hospital Authority (HA). The HA is a statutory board that is responsible for the management of public hospitals and most public clinics in Hong Kong. HA’s purchases account for more than 90% of Hong Kong’s medical device and equipment purchases. Demand for medical devices in Hong Kong is expected to increase as the government focuses on modernizing and upgrading medical equipment in public hospitals and clinics. International medical device companies interested in expanding their products into Hong Kong can contact a PBM Hong Kong medical device consultant for assistance.

Hong Kong’s medical devices market is regulated by the Medical Device Control Office (MDCO), under the Department of Health. The MDCO is responsible for governing issues related to medical devices. In August 2010, the MDCO proposed a new framework for comprehensive and mandatory regulation of medical devices and in-vitro diagnostic medical devices. This framework is based on the Global Harmonization Task Force (GHTF) and the World Health Organization (WHO). International companies that are unfamiliar with Hong Kong’s new medical device regulations can turn to PBM’s Hong Kong medical device consultants for professional guidance.

PBM’s Hong Kong medical device consultants are knowledgeable and experienced professionals who help our clients succeed in the Hong Kong medical device market. For inquiries on PBM’s Hong Kong medical device consultant services, please contact us or view PBM’s publications to find out more about the Hong Kong healthcare market.