Opportunities in Chinese Healthcare
China's healthcare spending is forecasted to be $1 trillion by 2020, second only to the USA. Making headway in the world’s most populous nation will not be easy. But mHealth has received traction over the last few years in China and can help tackle its healthcare problems. To solve the problem of endless queuing times at the hospital, Baidu Doctor, WeDoctor or Haodaifu will help schedule an appointment. To help you pay more quickly and easily, Alipay, WeChat Pay or Qiyuan provide you with e-payment solutions. Alihealth, Yiyao or Yapingguo help buy prescription drugs after a consultation and deliver them to your doorstep. PingAn accelerates the speed at which you get your medical fees reimbursed. These are not already mature solutions in the West, if you notice. Consequently, multinationals can no longer simply take their best-sellers from their home market and “localize” them to suit Chinese needs. A good understanding of the local ecosystem, culture and regulation will be imperative to penetrating this market. We hope that Ignite Shanghai will help you do just that.
Opportunities in Chinese Healthcare
China's healthcare spending is forecasted to be $1 trillion by 2020, second only to the USA. Making headway in the world’s most populous nation will not be easy. But mHealth has received traction over the last few years in China and can help tackle its healthcare problems. To solve the problem of endless queuing times at the hospital, Baidu Doctor, WeDoctor or Haodaifu will help schedule an appointment. To help you pay more quickly and easily, Alipay, WeChat Pay or Qiyuan provide you with e-payment solutions. Alihealth, Yiyao or Yapingguo help buy prescription drugs after a consultation and deliver them to your doorstep. PingAn accelerates the speed at which you get your medical fees reimbursed. These are not already mature solutions in the West, if you notice. Consequently, multinationals can no longer simply take their best-sellers from their home market and “localize” them to suit Chinese needs. A good understanding of the local ecosystem, culture and regulation will be imperative to penetrating this market. We hope that Ignite Shanghai will help you do just that.