Highlights of Chinese Medical Reformation

Date: 07-05-2009
Topic: Highlights of Chinese Medical Reformation
Keywords: 850 Billion RMB Cake - ICT Medical Market Opportunity

The official implementation of Chinese medical reform plan has been passed for one month. There are many new opportunities, changes and hopes, as well as questions and difficulties. The ultimate goal of this reformation is to provide a universal health care to whole 1.3 billion Chinese people, by the year of 2020.

There is one thing I want to highlight , which could probably affect our project. It is the 850 billion RMB (94.4 billion Euros) financing support from the central government and following province governments. This immense amount of funds will be allocated during next three years, to rural area patients, medicine industry, different levels of hospitals, community health centers, etc.

It is estimated that the total amount of fund dedicated to health care ICT sector reaches as high as 1.2 billion Euros, which brings huge market potential in this area. Last month, two important events have been hold, the 61st China International Medical Equipment Fair (CMEF) and 2009 China International Medical Electronics Assembly (CMET). These two events drawn the attentions of participant from more than 20 countries and regions, and around 2000 enterprises. IT giants such as Intel, Microsoft and IBM all shows the solutions towards e-health. Particularly for IBM, it demonstrated the radiology theatre solution based on Blue Spruce. The solution is essentially a common platform where enables medical personals to browse the relevant diagnostic data, such as CT scan, MRI, ECG, etc.

Without any doubt, the market of ICT health care in China will be the hop spot, especially during the economical recession time. However, there comes the question, who will finally get the share of this giant cake? And with what kind of applications or services? (These questions could be asked during the interview with Neusoft.)

Interesting Links:
1. http://www.tradingmarkets.com/.site/news/Stock%20News/2308160/
Medical Reform in China Indicates A Huge IT Market
2. http://www.google.com/hostednews/afp/article/ALeqM5jNzxAN_S9OUeWa6mrLT7gcAfmZXA
China’s Poor Hope Reforms Fix Health Problem
3. http://www.readwriteweb.com/archives/ibm_announces_web-based_radiology_theatre.php
IBM’s web-based radiology theatre
4. http://bn.china-embassy.org/eng/zgxw/t556231.htm
Chronology of Chinese health reform