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| Wednesday, 20 May 2015, 20:00 HKT/SGT | |
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Source: HKTDC | |
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| Nearly 10,000 Buyers; Strong Demand for Elderly Care Products |
HONG KONG, May 20, 2015 - (ACN Newswire) - The sixth Hong Kong International Medical Devices and Supplies Fair (Medical Fair) ended today, having welcomed nearly 10,000 buyers over the three-day fair period, up 3.6 per cent year-on-year. Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Medical and Healthcare Device Industries Association, the fair saw encouraging growth in buyer attendance from Asia as well as strong interest in products targeting the silver market.
 | | Hong Kong International Medical Devices and Supplies Fair Ends |
"Buyers from Japan, Taiwan, Singapore, and Vietnam recorded significant growth. It is an indication of Asia's strong demand for medical supplies and services," said HKTDC Deputy Executive Director Benjamin Chau. "An ageing population and increased health consciousness are also factors boosting the demand for healthcare equipment in the region."
Silver Market
According to the United Nations, it is estimated that there would be two billion people aged 60 or above by 2050, accounting for 21 per cent of the world's total population. Reflecting this trend, many buyers attended the fair to source rehabilitation products and those targeting the silver market. Australia's Comfort Mobility Pty Ltd. is a manufacturer of medical fixtures and supplier of healthcare equipment for the elderly. The company's Director, John Minchenberg, said: "This is our first visit to the Medical Fair. We've found a potential supplier from Hong Kong for electrical wheelchairs. We will have further discussions with them on pricing and other details. If everything goes smoothly, we could see four to six containers worth of business a year."
First-time Czech buyer Meyra Cr s.r.o. is a producer of sports and electrical wheelchairs. The company also sources a range of traditional wheelchairs and medical devices for elderly care and rehabilitation, from different countries. The CEO of the company, Jan Byma, said he had shortlisted five potential suppliers from the Chinese mainland, Taiwan and Korea. "Products that we are interested to source include: wheelchairs that help users stand up, foldable wheelchairs, walking aids as well as bathtubs and toilet seats for the elderly. Our initial orders are estimated at US$30,000 to US$50,000." He said the fair showcased a broad range of products and was a good place for sourcing.
Lin Chin Hsing, Manager of Taiwan's Silver Care Health Management Consultants Ltd., was optimistic about business prospects for medical equipment and products for the elderly in Taiwan. He attended the fair to look for more product choices. "The HKTDC's business matching service is very useful. I am already in contact with several Hong Kong and Chinese mainland suppliers for different products, such as a stair-climbing wheelchair, electrical wheelchair, and a pain-relieving device for women in labour. The visit has been very rewarding."
Boai Enterprise Group (China) operates nearly 100 hospitals and medical institutions offering general and specialist services. Zhu Juhong, Assistant to the President of the Group, said the fair had helped them learn more about the latest technologies and products, and that initial contacts had been made with several potential suppliers from Hong Kong, Singapore and Canada.
Product Launch
The Medical Fair is an important platform for many manufacturers and suppliers to promote their latest medical technology and products to overseas buyers. The fair welcomed a record of more than 250 exhibitors from 11 countries and regions this year. ID Infinity Ltd. showcased its dental floss tool, Toothbat, as well as its latest WOW and Childers series. Director Gordon Lam said the response they received had exceeded earlier expectations. "A lot of buyers have expressed interest in our products; we have sold all 500 sets of products in less than two days. We are now taking pre-orders. Aside from Hong Kong buyers, we have also established ties with buyers from the Chinese mainland, Japan, Costa Rica, India, Korea, Thailand and Australia. Some of them even expressed interest in becoming our distributors." Mr Lam said he would continue to exhibit at the Medical Fair to promote the brand and launch new products.
First-time exhibitor Active Fun Company Limited used the fair to introduce its trampoline which promotes exercise and mobility among the elderly. Product Manager Cyrille Guillot said the fair was useful for promoting the benefits of rebound therapy. "Buyers from different places have been very interested in our products. If we were to offer our products for sale, we would have sold over 100 units already. We will be discussing long-term cooperation with our new contacts."
Hong Kong Science and Technology Parks' tenant Deltason Medical Limited showcased the Rex Bionics robotic device, which it distributed at the fair. The device uses advanced robotic technology to help spine cord injury (SCI) patients to stand up and walk around. Service Engineer Pete Witherspoon said: "The Medical Fair is an excellent trading platform for us to meet buyers from around the world and explore opportunities. We have promoted and demonstrated the robotic device at the fair and got a good response from many visitors. A Hong Kong buyer even offered to place an order immediately."
Regional Pavilions Foster Trading
This year's Medical Fair featured two inaugural pavilions: the Canada Pavilion and the Taiwan Medical and Biotech Industry Association Pavilion. The Canada Pavilion comprised 11 companies, showcasing medical solutions and health management products and technology. Cynthia Carlone, Vice Consul & Trade Commissioner of the Consulate General of Canada in Hong Kong and Macau, said the fair offered a great chance for Canadian companies to explore the Hong Kong market and expand their presence in the Asia-Pacific region. "We have met many buyers on the first day, and we are optimistic that our companies will find the right trading partners here," Ms Carlone said.
Taiwan Medical and Biotech Industry Association's Chief Secretary, Sidney Lin, said Taiwan's medical industry has been expanding steadily over the years. The Association set up its inaugural fair pavilion to help its members develop their presence in the international market. "A number of buyers have expressed interest in our products. Several potential customers from the Chinese mainland and the UK have even examined some of our devices in depth, and we hope to develop business with them," Mr Lin said.
To help industry professionals gather market intelligence, the HKTDC organised a number of seminars during the fair, inviting industry experts to discuss topics such as the latest medical technology, regulations and market trends. The concurrent Hospital Authority Convention 2015, one of the region's largest healthcare conferences, welcomed more than 5,000 healthcare professionals this year, and created strong synergy with the Medical Fair.
Video
Medical Strides: https://youtu.be/3FtPewgieZk
Photos download: http://filesharing.tdc.org.hk/hktdc/download.php?fid=_phpKCxQY0
Contact:
HKTDC
Communication and Public Affairs Department
Joe Kainz
Tel: +852 2584 4216
Email: joe.kainz@hktdc.org
Topic: Trade Show or Conference
Source: HKTDC
Sectors: Trade Shows, Daily Finance, Daily News
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From the Asia Corporate News Network
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