The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) came into effect on 1 January 2004. All goods made in Hong Kong, including medical and healthcare products, subject to the CEPA's rules of origin, can enjoy duty-free access to the Chinese mainland beginning January 2006.
Hong Kong's medical and healthcare equipment industry is mainly targeting at the household consumer market. In Jan-Nov 2007, Hong Kong's total exports of medical and healthcare equipment grew by 27%. Exports to the Chinese mainland and the US, the largest markets for Hong Kong's exports of medical and healthcare equipment, increased by 28% and 9% respectively, while exports to emerging markets, such as Russia, increased markedly.
Aging population and increased health consciousness are factors boosting the demand for home healthcare equipment such as massagers, body-mass-index (BMI) calculators, body-fat scales, ionizers and positioning aids, as well as medical equipment for patients suffering from cardiopulmonary disease, diabetes and neurological disorders.
Modern technology is also playing a major role in the medical and healthcare equipment industry. Innovations such as microminiature and remote surgery techniques, DNA-based diagnostics, tissue-engineered organs and advanced information technologies provide solutions to some of the most persistent and debilitating healthcare problems and create demand for new medical and healthcare devices.
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