HONG KONG MEDICAL DEVICES MARKET

INTRODUCTION

The Medical Device Control Office oversees the regulation of medical devices in Hong Kong (MDCO). Although it is entirely optional to register medical devices in Hong Kong, both private and public hospitals prefer the MDCO listing number as proof that the equipment has been approved. Manufacturers are urged to register if they plan to sell to hospitals.

The Medical Device Control Office in Hong Kong is in charge of monitoring medical device registration (MDCO). Although registration is now optional, obligatory registration will eventually be introduced. To ease the transition, the MDCO established the Medical Device Administrative Control System (MDACS).

Use the Classification Rules for Medical Devices to classify your instrument or IVD. Typically, your device's classification corresponds to that of the European Union (EU). The prior approvals that they currently have in Australia, Canada, the EU, Japan, or the USA will be useful to foreign manufacturers.

Class I devices cannot be registered and have no registration process (even voluntarily). You can directly import Class I devices. The steps for Classes II, III, and IV devices are referenced in all of the instructions below.

HONG KONG MEDICAL DEVICES MARKET SIZE AND FORECAST

Hong Kong medical devices market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

HONG KONG MEDICAL DEVICES MARKET NEW PRODUCT LAUNCH

The mobile health software for teleconsultations has been released in Hong Kong by the telecommunications company China Mobile Hong Kong and the healthcare technology firm Heals Healthcare.

The new Dr. HK app, which is accessible on Android and iOS smartphones, provides access to electronic health data, online outpatient clinic appointments, video consultations, and medication delivery, among other online and offline health services.

Users of the app can look for real-time information on clinic wait times and operating hours to find the medical facility that will best meet their needs. The network of outpatient clinics run by Dr. HK extends service hours till nine o'clock at no additional cost.Currently, more than 60 doctors from a variety of specialties are registered with the app.

A day before Hong Kong relaxes its COVID-19 protocols due to a decline in cases, Dr. HK launches. The fifth wave of illnesses recently hit the city.

HONG KONG MEDICAL DEVICES MARKET COMPANY PROFILES

• Santoprene TPV
• Pacific Medical Systems Limited
• Modern Medical Equipment Mfg, Ltd
• Belun Technology Company Limited
• Alleva Medical Ltd
• Fluke
• Quasar
• MediConcepts Limited
• Virax Biolabs
• Medisource Supply (Asia) Co Ltd

THIS HONG KONG MEDICAL DEVICES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many medical devices are manufactured per annum in Hong Kong? Who are the sub-component suppliers in this region?
2. Cost breakup of a Hong Kong medical devices and key vendor selection criteria
3. Where is the medical devices manufactured? What is the average margin per unit?
4. Market share of Hong Kong medical devices market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Hong Kong medical devices in-house
6. key predictions for next 5 years in Hong Kong medical devices market
7. Average B-2-B medical devices market price in all segments
8. Latest trends in medical devices market, by every market segment
9. The market size (both volume and value) of the medical devices market in 2024-2030 and every year in between?
10. Production breakup of medical devices market, by suppliers and their OEM relationship