Nick Beckett, managing partner and co-head of CMS Life Sciences & Healthcare Group writes about China’s approach to attracting global pharmaceutical and digital health companies.
China
China is the world’s second largest healthcare market and it’s growing at a rapid rate. It could become a $1 trillion industry by 2020, according to McKinsey. As a developing country with a huge population, the government needs to ensure its citizens are looked after, and the upcoming challenge is an unprecedented one. By 2050, 80% of the world’s elderly will be Chinese.