FOLLOWING THE MONEY
While private funding has steadily increased in recent years, publicly funded services continue to make up the bulk of the medical device market. According to government data, in 2018-2019, expenditure at public hospitals was almost US$8B compared to US$3.1B spent at private hospitals, representing 71% of the market. Public funding continues to dominate additional sectors such as long-term care (81%), ancillary services (75%) and preventative care (98%), while private funding handles the majority of ambulatory healthcare and retailers. The public hospital system, administered by the Hospital Authority (HA), consists of 43 hospitals, 49 Specialist Out-Patient Clinics and 73 General Out-Patient Clinics spread throughout seven “clusters.” The HA organizes public tenders on behalf of specific hospitals for both pharmaceuticals and medical devices. Current active tenders include Foley catheters, X-Ray machines, and Endoscopic Video Systems.