Hong Kong

Hong Kong Medical Device Market Overview

Hong Kong’s well-established healthcare system, supported by its wealth and international presence, continues to offer substantial opportunities for medical device manufacturers. The city is a recognized leader in medical services across Asia. Due to its limited space but high population density, Hong Kong relies heavily on medical device imports, which reached US$1.86 billion in 2016—an increase of 10% compared to 2015. A major driver of this growth is Hong Kong’s aging population, with the number of residents aged 65 and older expected to more than double by 2041, from 1.2 million to 2.6 million.

U.S. manufacturers maintain the largest market share of medical device imports, accounting for 19% in 2016, although this reflects a slight decline from nearly 20% in previous years. Despite this, the demand for high-quality medical devices in Hong Kong remains robust.

Market Stability and Growth Opportunities

Since the implementation of the national security law, Hong Kong has experienced social stability and economic growth, further enhanced by the support of the Chinese central government. The city’s business-friendly environment and strategic location make it an essential gateway to mainland China, particularly for companies specializing in cutting-edge technology and those seeking to establish strong brand presence in the region.

Key growth sectors in Hong Kong’s medical device market include cancer treatment, pneumonia care, cardiovascular disease prevention, and cosmetic dentistry and oral health. These areas offer strong potential for manufacturers looking to expand their presence in the region.

Partner with Asia Actual

Asia Actual is your trusted partner in navigating the complex medical device registration and regulatory processes in Hong Kong. Our team offers expert guidance to help ensure the successful distribution of your medical devices and in vitro diagnostics (IVD).

Contact us today for a complimentary consultation and discover the opportunities for your medical device or IVD in Hong Kong’s lucrative healthcare industry.