The sixth annual Hong Kong International Medical Devices and Supplies Fair wrapped up in May, drawing almost 10,000 buyers and over 250 exhibitors from around the world. Attendance at the medical fair was up by 3.6 percent over the previous year, and two new regional pavilions were added this year for businesses operating out of Canada and Taiwan. This growth at the trade show reflects and expanding worldwide interest in healthcare issues as an ever-growing part of the global population raises its awareness of issues in health and medicine.
The Hong Kong medical fair attracted especial attention from international purchasers focused on senior health care issues. The reason behind this is simple: according to the United Nations, the world’s population in 2050 will include 2 billion people aged 60 or older. That is to say, over one in every five people in coming decades will be facing advanced age and the health issues that accompany it.
Naturally, many segments within the medical devices industry are reorienting business to accommodate this growing “silver market.” Buyers from markets as diverse as Asia, Europe, Canada, and Australia came to the Hong Kong medical fair looking to explore the latest advancements in even basic elder care equipment such as wheelchairs, bathroom aids, and walking devices. Several companies reported leaving the trade show having made significant progress toward establishing contracts with international partners.
The Hong Kong medical trade show also offered manufacturers and industry innovators an opportunity to show off some the new technologies being developed for the medical industry. Hong Kong-based medical robotics company Deltason Medical Limited, for example, demonstrated Rex Bionics, a promising robotic device designed to help spinal cord injury patients to stand and walk.
Among the new products being promoted specifically for the silver market was a unique trampoline-like exercise platform created by Active Fun Company Limited. The new device leverages the benefits of rebound therapy to boost seniors’ physical strength and mobility.
The Hong Kong International Medical Devices and Supplies Fair’s spotlight on senior health issues is likely not unique. As more people around the world join the ranks of the elderly, industry watchers can expect to see an increasing spotlight on senior health care at medical trade shows around the world.