August 28, 2018

Waigaoqiao FTZ offers matchmaking service to medical equipment exhibitors and buyers before CIIE

China International Import Expo Administration and Shanghai Waigaoqiao Free Trade Zone Group Co jointly hosted a matchmaking meeting for exhibitors and buyers of medical equipment and health care products before the expo at the National Exhibition and Convention Center recently, attracting nearly 120 exhibitors to discuss the development of the medical equipment industry and share business opportunities.

The matchmaking meeting also invited 26 contract exhibitors, including four companies from the medical industry in the FTZ, namely, Roche, Novartis, Johnson & Johnson, and GE Healthcare.

Through pre-expo researches and at the demands of the exhibitors, the meeting selectively invited a batch of purchasers from large-scale grade three level A hospitals, private hospitals, and provincial and city-level pharmaceutical retail chains, and medicine distribution companies, among which China National Instruments Import & Export Group Corporation, China Meheco, China Sinopharm International (Shanghai) Co, Jiangsu Pharmaceutical Co, Affiliated Hospital of Hebei University, and HQG, Limited are highly sought after.

At the meeting, six companies signed to participate in the 2019 China International Import Expo, including three FTZ medical companies, namely Artemed Group, Siemens Healthineers, and Towako Shanghai Incorporation.

The meeting also invited China Food and Drug Administration, Shanghai Customs, and the city’s health and hygiene department to give policy interpretation and provided on-site consultation services to the companies.

With the booming of China’s medical equipment industry and the Big Health industry, it is expected that the medical equipment industry in China will reach 770 billion yuan (US$113 billion) and the Big Health industry will exceed 10 trillion yuan by 2020.

So far, the first CIIE has attracted nearly 300 exhibitors from 51 countries and regions.

Also, Shanghai Waigaoqiao Free Trade Zone Group Co, organizer of the matchmaking meeting, has made efforts to dock with the CIIE and organized five professional platforms from three countries to be the perennial exhibition and trading platforms for the CIIE.

Taking advantage of the FTZ’s special supervision area, bonded and preferential policies of the medical industry, and the convenient geographical location of the Waigaoqiao FTZ, the zone has formed its medical industry’s chain, including international trade, supply chain service, sales, and third party examination and inspection services, the zone has attracted a batch of leading companies in the medical industry such as Carl Zeiss, Cardinal Health, Sinopharm, Thermo Scientific, Roche, and Ortho Clinical Diagnostics, and 391 medical equipment companies with an annual sales of 10 million yuan.

Also, Shanghai Waigaoqiao Free Trade Zone has gathered 10 industries with an annual scale of 10 billion yuan and six industries of 100 billion yuan scale, aggregating a batch of industrial and professional platforms to undertake the upcoming China International Import Expo.