How two Hong Kong firms’ innovative solutions enhance well-being in belt and road regions
Modern Dental Group and Insilico Medicine keen to use city’s unrivalled global connections to create a healthier world
Hong Kong is keen to foster its medical and health industries and position the city as a global hub for technology and innovation as it offers world-class research and development (R&D) infrastructure, a strong talent pool and many favourable policies and incentives for companies in these industries.
Chief Executive John Lee Ka-chiu announced a series of initiatives during last year’s policy address – the annual platform used to chart the Hong Kong government’s plans for the future – to support the city into an international health and medical innovation centre.
Hong Kong businesses are already forging ahead in providing healthcare services to partners around the world by making use of the city’s position as a functional platform for China’s Belt and Road Initiative. This plan aims to encourage collaboration among participating countries in fields such as trade, infrastructure, innovation, digitalisation, green development and healthcare.
Companies that are leading the charge in global healthcare collaboration include Modern Dental Group and Insilico Medicine.
Modern Dental Group, a dental prosthetic device provider and distributor, which was founded in Hong Kong in 1986, has operations around the world, including in mainland China, Southeast Asia, Europe, Australia and Africa. In 2023, the company reached the milestone of helping 2 million patients.
The company continues to leverage Hong Kong’s unique advantage as a gateway between China and the world to expand its business. It recently acquired Hexa Ceram Dental Laboratory, one of Thailand’s largest dental laboratories, and opened a production facility in Vietnam. These new premises have enabled the company to offer dental prosthetics at more affordable prices.