Publication type: Working paper – expertise – study
Title: The chinese medtech sector with focus on new regulatory rules
Authors: Mattes, Urs
Kaiser, Franc
Beswick, Richard
Haarmann, Jens
Extent: 28
Issue Date: 2017
Publisher / Ed. Institution: Switzerland Global Enterprise
Publisher / Ed. Institution: Zürich
Language: English
Subjects: Chinese Medtech; Switzerland global enterprise; Regulatory rule; Healthcare
Subject (DDC): 362: Health and social services
Abstract: Even though 95 per cent of the population is insured by basic medical insurance, the scheme does not address chronically ill patients who need long term treatment. China spends 5.8 per cent of its GDP on healthcare and the per capita expenditure is US$ 650, which is inadequate to provide for chronically ill patients. Since there is no gatekeeper in the Chinese healthcare system, the government is trying to channel patients to community health centers. The development of the private healthcare market is slow, because most doctors do not want to leave careers at public hospitals. Outbound medical tourism has reached a size of US$ 10 billion in 2015, as affluent people tend to avoid treatment in China. It seems obvious that in the future two different healthcare systems will coexist in China, namely: a large high-volume, low-priced public system and a small low-volume, high-priced private system. Since the large public system is controlled by the government, tender prices are bound to get lower.
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Institute of Marketing Management (IMM)
Appears in collections:Publikationen School of Management and Law

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