The dates for the ChinaBio Partnering Forum 2015 are out. According to latest news reports, the premier partnering and networking event for companies in the life sciences sector will be held in Shanghai on April 22 and 23. The location is appropriate in that over 1,000 life science companies have operations in Shanghai, one of the largest cities in the world.
According to the organizers of the event, nearly 848 delegates from 25 countries, representing over 425 companies, were in attendance at the 2014 event. This has made the ChinaBio Partnering Forum one of the latest of its kind in not just China, but the world at large.
Aside from biotech and pharmaceuticals companies, a number of research institutes, universities, and researchers will be attending the event in April next year, many of whom will evaluate their options of investing in the rapidly-growing healthcare sector in China.
China currently ranks as the second largest market for healthcare worldwide. It is expected that China will emerge as the leader in the healthcare market worldwide by 2020, opined the founder of the ChinaBio Group, Greg Scott.
According to an analysis by the organizers of ChinaBio Partnering Forum, nearly 35% of the attendees in the previous events were composed of c-level executives. About 65% of these hailed from China. In the event held in 2013, nearly 135 firms announced partnerships with Chinese firms, generating value surpassing US$1.6 billion.
This sea change has largely occurred because of the emergence of the middle class in China, which has led to a surge in the demand for high-quality healthcare in the private and public domain.