MEDICAL MARKET

Next Big Thing: Chinese Health Care

Yang Guang des Mingci-clinic in Wuxi in China
Chief physician Yang Guang in front of the the Mingci Cardiovascular Disease Hospital in Wuxi, China.
  • Why it matters

    Why it matters

    German companies such as engineering giant Siemens, which is heavily involved in medical diagnostics, could cash in on China’s overhaul of its health care sector.

  • Facts

    Facts

    • The new Wuxi Mingci Cardiovascular Disease Hospital is modeled after the Heart and Diabetes Center in Bad Oeynhausen, in North Rhine-Westphalia.
    • Money for the Chinese hospital was provided by one of China’s richest businessmen, Cao Mingfang.
    • U.S.-based McKinsey consultants forecast sales in China’s health-care industry will increase from $350 billion in the past year to $1 trillion by 2020.
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    Audio

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Chief physician Yang Guang slowly opened metal-reinforced doors to a hospital room bathed in cold neon light. Inside, a white magnetic resonance imaging device took up most of the room, waiting for new patients who soon will enter its 70-centimeter wide opening.

“That isn’t just any piece of scanning machinery,” explained Dr. Yang. “It’s a latest-generation MRI from Siemens. Next door we also have a latest-generation computer tomography scanner.”

Dr. Yang is balding and distinguished, but he is like a kid in a candy store over the new equipment at the Wuxi Mingci Cardiovascular Disease Hospital.

The 15-story facility in Wuxi, a city of 6 million in eastern China, will be the nation’s most modern hospital for cardiovascular and diabetes diseases. It has a capacity for 450 beds and is designed to handle up to 900 patients daily. When the hospital opens early this year, doctors will perform complicated procedures in a heart center, six operating rooms and four catheter areas.

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