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China Opens Medical Tourism Zone in Hainan With Eased Visa Rules
China established a dedicated international medical tourism zone in Hainan and relaxed visa requirements for foreign visitors. The measures coincide with lower costs for advanced treatments such as CAR-T cancer therapy.
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China has opened a special international medical tourism zone in Hainan and eased visa rules for foreign patients, according to Bloomberg. The zone is intended to attract overseas visitors seeking medical procedures at lower prices than in Western countries. An infusion of CAR-T cancer immunotherapy, for example, can cost up to $475,000 in the United States but as little as $150,000 in China.
Beijing also holds a cost advantage in drug development. Research and development expenses in China run 30-40% lower than in the United States or European Union. Licensing deals between Chinese biopharma companies and global drugmakers reached a record $137 billion last year.
Many products from major pharmaceutical firms are approaching patent expiration, increasing interest in Chinese-developed drug candidates.
Transparency
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