HEALTHCARE EMERGING AS MAJOR OPPORTUNITY IN CHINA

China’s growing wave of seniors, along with other massive demographic changes, is creating tremendous new opportunities for healthcare companies as the Chinese government dramatically boosts spending on healthcare services. Those opportunities were the focus of a round-table discussion the Bay Area Council Healthcare Committee convened on July 22 under the leadership of Co-Chairs Dr. Kent Bradley, Chief Medical Officer for Safeway, and Jim Henry, Market Managing Partner for PwC.

Joshua Kurtzig of United Family Healthcare, the largest international hospital system in China, and Murali Gangadharan, the director of the health industries advisory practice for Council member PwC, discussed how China is transforming its healthcare system to deal with this demographic shift, including a new government focus on public-private partnerships, a market shift towards a more decentralized system, and a patient trend that promotes payment reform.  The discussion also identified opportunities for pharmaceutical and technology companies to enter the world’s fastest growing healthcare market.

Special thanks to host PwC for sponsoring this important event. To engage with the Council’s healthcare work, contact Senior Policy Advisor Micah Weinberg. To engage in our China trade and investment work, contact Vice President of Global Initiatives Bing Wei.