Mobile Healthcare Expo Kicks Off Today with Around 100 Companies Across Five Key Categories
On April 14, 2016, the 2nd Mobile Health and Medical Exhibition, organized by Creative Era Exhibitions, grandly opened at the Shenzhen Convention and Exhibition Center. VCBeat, as a supporting media partner, was invited to attend the event and will provide its community with the latest and hottest coverage throughout the exhibition.
At this exhibition, hundreds of companies, including Neusoft Xikang, Mommy Knows, Miao Health, U-Tang, and XYWY.com, jointly participated, showcasing a wide array of new products, technologies, applications, and solutions in the fields of mobile health and health management.
According to the person in charge of Creative Times Exhibition, the organizer, the exhibits at this expo are mainly divided into five major categories:
First isSystemPlatform Category, including mobile health and telemedicine platforms;
Secondly,Software Applications: Primarily focusing on mobile applications, big data, and cloud-based solutions;
Thirdly,Service Category: including health check-ups, rehabilitation, and precision medicine;
Fourth,Terminal Hardware, including hardware products such as blood pressure monitors, blood glucose meters, pulse oximeters, oxygen concentrators, as well as health watches/bands, smart glasses, smart accessories, massage devices, physical therapy equipment, and medical aesthetic electronics;
Category 5 isSmart Elderly Care, including smart elderly care service platforms/solutions, senior-friendly mobile phones, smart pillboxes, smart mattresses/wheelchairs, and other smart hardware for fall prevention and loss tracking.
Concurrently with the exhibition, a series of high-level forums were held in succession, including the 2nd CCHF China Mobile Health Conference, the 2nd Mobile Healthcare Industry Investment and Financing Forum, the 2016 China Pharmaceutical Internet Conference, the 2016 China (Shenzhen) Forum on Mobile Healthcare and Hospital Informatization, and the 2016 Summit Forum on Innovation and Collaborative Development in Smart Elderly Care. Nearly one hundred experts and key opinion leaders (KOLs) from fields such as mobile healthcare, investment and financing, and mobile internet took the stage to share their insights on the latest industry technologies, market dynamics, and trends.
The Market for the Medical and Health-Elderly Care Industries Is Huge
“The 13th Five-Year Plan” proposes to strengthen and expand innovation in medical healthcare, and achieving this goal is inseparable from innovation.
As early as 2013, China’s pharmaceutical industry had already reached a scale of RMB 2 trillion. It is an undisputed fact that the growth rate has slowed down, and future industry expansion will primarily be driven by innovation. The main gap between China and its international peers lies in the area of innovation; therefore, during the “13th Five-Year Plan” period, innovation will be a key focus for encouragement.
To achieve incremental growth, the key lies in enhancing the innovation capacity of the pharmaceutical industry during the 13th Five-Year Plan period to realize upgraded development. We should fully leverage tools such as the internet and big data to boost the innovation capabilities of pharmaceutical enterprises, organize collaborative innovation among diverse innovation entities, optimize the allocation of innovation resources, avoid redundant R&D, and improve capital efficiency.
From a market perspective,The healthcare and elderly care industries in China have a huge potential market.The accelerating aging of China’s population is driving growing demand for the health and elderly care industry. However, as China rapidly transitions from an upper-middle-income to a high-income country, diverse and personalized health and elderly care needs are continually increasing, necessitating market-driven approaches to meet this demand.
This is also one of the major reasons why the related mobile health industry has risen rapidly in recent years.Data projections indicate that the mobile health market will surpass RMB 10 billion in 2017. Meanwhile, the State Council has proposed that the scale of the health services industry will reach RMB 8 trillion by 2020. This enormous market opportunity will undoubtedly accelerate the pace of development across the entire sector.