A half-day forum is to be held in Bristol in May to support healthcare businesses in the West of England region, who are looking to export their expertise, products and services to China.
Among those giving guidance will be Healthcare UK, part of the Department of Health and the UK Trade and Investment, who are planning future trade missions to China.
The Bristol & West of England China Bureau, backed by the Institute of Directors is hosting the one-off morning forum on Thursday May 12 at the offices of HSBC in Temple Quay, Bristol. Some £12 Billion of Healthcare export opportunities are on offer.
Chris Born of Healthcare UK said: “Opportunities in China include partnerships with major developers and investors which want to produce a series of hospitals, health clinics, care homes and home based services for people in retirement communities, residential developments and city communities.
“For example, a major insurance company has set up a health and care subsidiary to set up and run thousands of care home and residential units in the Pearl and Yangtze River Deltas and the Beijing area. They are looking for partnerships with companies to provide good design of services, workforce roles and facilities, direct operation and management of services, training and education of staff and managers, good use of records, monitoring data and apps and quality improvement and management systems.”
“Another company is developing a healthcare park in Yantai which will include health and elderly care facilities, a rehabilitation hospital, home based health care and a nursing school as well as a university for older people and a cultural tourist centre. They want help with training, new technologies and the setting up of model services.”
Richard Lowe, Director of Business Initiatives at the Bristol & West of England China Bureau said: “Whether experienced in the China market or taking first steps towards doing business in China this event with provided South West businesses with all the information needed with practical help on hand, during and after the event. Two firms who are already growing through China Healthcare exports will also feature.”
Pete Read, Director of Market Insights, said: “China’s healthcare spending is expected to reach £695 billion in 2020, implying almost 10% annual growth. The market breaks down into various segments across both urban and grassroots locations, each presenting issues as well as opportunities. The challenge for international companies is to target the right investments and products or services for the right market segments.”
