Nordic Life Science Platform

FAST-TRACK CHINA ENTRY
- Nordic MedTech and WelfareTech Companies

China Market Access via Fast-track Approval Procedures for MedTech/Medical Devices in Hainan Boao Lecheng International Medical Tourism Pilot Zone

Nordics Management Consulting Co., Ltd. and WISOR Process-Consulting have in partnership established the Nordic Life Science Platform (NLSP) to give Nordic life science companies within MedTech and WelfareTech a safe, efficient and easier access to the Chinese healthcare market and to access the preferential policies at Hainan Boao Lecheng International Medical Zone that is part of the newly launched Hainan Free Trade Port that covers all of Hainan Island.

About Us - Gateway and Launch Pad

Despite the great market potential, many Nordic life science companies often hold back from starting exports or local sales in China because they perceive it as too difficult and risky due to the lack of transparency and problems understanding and navigating in the Chinese healthcare market and regulatory system.

To lower the entry barriers, we have gathered a team of experts with many years of know-how and experience from advising and assisting Nordic companies entering and operating in China and established the Nordic Life Science Platform (NLSP) to access the Chinese healthcare market and take advantage of the preferential policies, incentives and opportunities at Hainan Boao Lecheng International Medical Zone.

NLSP is a one-stop service platform that reduces the challenges and time to market by offering companies expert advice and supporting services, and by utilizing our local partner network in China. It serves as a gateway and launch pad to the rest of the mainland China healthcare market.

Our Offering - Step-by-Step Entry Model

NLSP delivers a proven Step-by-Step Entry Model that supports companies all the way but also give them the option to pull out during the process if they decide the Chinese market is not right for them.

With NLSP and our partner network in China, our experienced team will assist Nordic life science companies to enter the “difficult-to-penetrate” Chinese healthcare market.

We offer expert advice and supporting services such as project management, legal advice, matchmaking, IPR protection, venture capital, company set-up, registrations, approval procedures, and sales.

STEP-BY-STEP ENTRY MODEL

Hainan Boao Lecheng Medical Zone

Boao Lecheng International Medical Tourism Pilot Zone (Boao Hope City) is part of the Hainan Fee Trade Port and has been granted preferential policies and incentives that aim to create a world-class international medical destination and cluster for advanced medical treatment, professional rehabilitation, medical R&D, and technology innovation in China.

It is a designated “Special Medical Zone” in China that offers Special fast-track approval procedures that make it easier and quicker to register, import, sell, and test medical devices and medicines in urgent need for use in Hainan Boao Lecheng that are not yet registered in China but approved overseas with a CE mark, FDA license or PMDA approval.

In addition, it is currently the only place in China that can utilize Real-World Data (RWD) collected under an approved NMPA protocol from the use of medical devices (and medicines) imported under the fast-track approval procedures that can support the application for the national NMPA registration which can speed up the approval process for selling in the rest of Mainland China.

When fully developed, Boao Lecheng International Medical Zone is planned to cover 25 km2 with a total of 3 km2 of constructed land. Currently, 20 medical institutions are in operation including hospitals and R&D centers with another 10 underway. Total construction costs are estimated at RMB 100 billion (USD 16 billion).

When completed, it will provide 12,000 hospital beds, employ 28,500 medical personnel including 3,500 R&D staff, and receive up to 300,000 patients annually. In 2021, a total of 127,300 medical tourists were welcomed.