1. Asia Summit on Global Health (Hybrid)

  • Hong Kong and online
Meet the Austrian virtual delegation interested in Asia’s health care sector

Meet Austria at the Asia Summit on Global Health 2021 in Hong Kong. Austria will be presented with 13 Austrian companies and organizations interested in the latest Asian health trends and also looking for partnerships in Hong Kong/China and Asia. For a list of participants.

Austria’s Health Sector:
The Austrian health care system ranks among the best in the world.  In Austria, most people are entitled to benefits from statutory health insurance, such as extensive free visits to the doctor, outpatient clinics and care in hospitals. Statutory insurance covers most health risks, but it is possible and common to take out additional private health insurance. The former nine statutory health insurance companies were merged in 2020 into one large institution, the ÖGK. The fact that Austria’s health system is financed through a combination of income-related social security contributions and private payments means that innovations in the field of medical devices can quickly find their way to the patients in one of the country’s 274 (public and private) hospitals.

Austrian Medical Universities:
The yearly registrations at the medical universities in the country show that there is great interest in medical education. Alone in 2021, 12,777 people took part in the admission process for the 1,740 study seats offered at all Austrian medical universities. Academia at public university works closely together with clinics and hospitals, e.g. the MedUni Vienna works closely with Austria’s largest hospital, the Vienna General Hospital (AKH).

Austrian Medical Technologies:
Austria is not only an attractive market for medical technology devices, but also an important location for med tech development and production. The sector can make us of a long tradition of engineering skills and precision mechanics. In addition to a large number of long-established companies, the sector also sees young, innovative companies profiting from the dense network of excellent academic institutions and the presence of global leading companies for their own new ventures.  For an overview of some of Austrian suppliers, see our FRESH VIEW Medical Technologies publication.

Austrian Life Science Sector:
Austria has an excellent scientific tradition in medical research and has made a name for itself around the world in many areas of medical technologies, ranging from diagnostic equipment and dental instruments to the construction and operation of large hospitals. Platforms such as the Health Hub Vienna or LISAvienna are helping start-ups and established companies in the health and life science sector to network with the right partners and to further develop and transform the health system through innovations. Vienna itself is home to 554 life sciences companies and  organizations, including up-and-coming start-ups, successful large companies, and world-leading research institutions. With its extraordinary combination of research, business, and education and over 2,000 employees from 79 different countries, the Vienna BioCenter is one of the leading life sciences centers in Europe. Scientists, students, and entrepreneurs come together to create a highly dynamic environment with internationally competitive standards. The research institutes and biotech companies are among the world's leading companies in their field and offer many research highlights.

About the Asia Summit on Global Health:
Jointly organised by the Government of HKSAR and the HKTDC, the inaugural Asia Summit on Global Health is positioned as Asia’s thought-leadership event on health innovation and investment as well as a cross-disciplinary platform to cultivate international collaboration on global health issues.  Themed “Shaping a Resilient and Sustainable Future”, the debut Summit will bring together senior government officials, influential business leaders, renowned researchers and academia to address key issues, explore new business opportunities and collaborate on the diverse and dynamic healthcare sector.  https://www.asiasummitglobalhealth.com/