Hong Kong Healthcare and Medicine Tenders

Hong Kong's healthcare and medicine market is booming, with an estimated value of US$25.7 billion in 2020-21. This represents a significant 7.3% of the city's GDP. The market is driven by factors such as an aging population, rising disposable incomes, and increasing awareness of preventive healthcare.

The Hong Kong government plays a crucial role in the healthcare and medicine market, with an annual procurement budget of over US$2 billion. This makes it one of the largest healthcare procurers in Asia. The government procures a wide range of products and services, including pharmaceuticals, medical devices, and hospital equipment.

The top three categories of healthcare and medicine products and services procured by the Hong Kong government are:
Pharmaceuticals: This category accounts for the largest share of the procurement budget, at around US$1 billion annually. The government procures a wide range of drugs, including generics, branded drugs, and biologics.
Medical devices: This category includes a wide range of products, from simple bandages to complex medical equipment such as MRI machines and surgical robots. The government procures around US$500 million worth of medical devices each year.
Hospital equipment: This category includes a wide range of products, from beds and wheelchairs to laboratory equipment and information systems. The government procures around US$300 million worth of hospital equipment each year.

The top three authorities responsible for healthcare and medicine procurement in Hong Kong are:
Food and Health Bureau (FHb): The FHb is the lead agency for healthcare policy and planning in Hong Kong. It is responsible for setting overall procurement strategies and priorities.
Department of Health (DH): The DH is responsible for the operational aspects of healthcare procurement, including the management of tenders and contracts.
Hospital Authority (HA): The HA is responsible for the provision of public hospital services in Hong Kong. It is a major procurer of healthcare products and services.

The top three companies that win the most healthcare and medicine procurement contracts in Hong Kong are:
Johnson & Johnson: This multinational medical device, pharmaceutical, and consumer healthcare company is a major supplier to the Hong Kong government.
Pfizer: This American pharmaceutical giant is another major supplier of drugs and vaccines to the Hong Kong government.
Roche: This Swiss multinational healthcare company is a leading supplier of pharmaceuticals and diagnostics to the Hong Kong government.

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