Edenkoben, Germany, June 30th, 2021/PRNewswire/ – European Wellness Biomedical Group (European Wellness) through its educational arm, European Wellness Academy (EWA), has signed a Letter of Intent (LOI) with Zhifu People’s Government of Shandong Province, China to establish the first International Biological Regenerative Medicine Education Centre in Shandong Province via the “Connecting Shandong with Fortune Global 500 & Deepening Shandong – EU Cooperation” event.
In a live digital signing session, the two parties agreed on a joint venture that will see a total investment of RMB 100 million (USD 15.4 million) for the building and launching of a high-end biological regenerative medicine education centre for disease management and aesthetics in Yantai City, China.
The multimillion-dollar world-class facility is projected to supplement the Shandong provincial government’s efforts to improve resources, training, and knowledge in integrative regenerative medicine within the region, helping to meet current and future demand for specialists in the field.
The Academy’s collaboration with Shandong stands out among the many projects discussed and officiated during the event, as it comes at a time when biological regenerative medicine is rapidly emerging as an area of interest, both globally and in China. According to experts, China’s regenerative medicine market is expected to grow at a compound annual growth rate of 25% from 2020 to 2025, driven in large part as well by government initiatives offering substantial the substantial political and financial support in developing the sector.
Interest in the market in the APAC region has also risen amid increased foreign investment in the Asian healthcare industry, the on-going COVID-19 pandemic, and rising health concerns related to the prevalence of chronic diseases. According to a World Health Report by the World Health Organization (WHO), chronic diseases were responsible for nearly 60% of the world’s 56.5 million recorded deaths in 2001, as well as 46% of the global burden of disease. A report by the Organisation for Economic Cooperation and Development (OECD) also found that on average, over one-third of adults aged 15 and above in 27 OECD nations reported having two or more chronic diseases.
“The global burden of chronic diseases is rapidly rising. Regenerative medicine is the future and the present. To cope with the needs of the future, educational trainings are crucial; the number of professional high-end medical and wellness practitioners must be able to meet the demands that are to come,” said Prof. Dr. Mike Chan, who represented European Wellness at the event as its Group Chairman. He also serves as Head of the Scientific Committee for Regenerative Medicine of the European Society of Preventative, Regenerative and Anti-Aging Medicine (ESAAM).
Prof. Dr. Mike Chan completed the LOI signing during an online session hosted by the Shandong Provincial Party Committee and overseen by the Municipal Government Office and attended by several key figures from high-profile Fortune Global 500 companies – including the likes of Continental AG Executive Board Chairman, Nikolai Setzer;
Five special sessions were held for Fortune Global 500 companies from Europe, ASEAN, the United States, South Korea, and Japan – an indication of the surge in multinational investment within the country and in Shandong Province, specifically. By the first half of 2020, 219 Fortune 500 firms had invested in 785 companies in Shandong, highlighting the province’s favourable business climate and economic potential.
European Wellness Academy
Located in Germany, Switzerland, Greece and Malaysia (Asia Pacific Hub), EWA is a CPD authorised body with premium training and development wing of Bio-Regenerative Medicine which revolve around cutting-edge Bio-Regenerative Medicine treatment modalities for various goals of a physician designed to cater to practitioners, researchers, and fellow advocates of Regenerative Medicine. The Academy has extensive years combined clinical experience in the field of medicine, biomedical science, medical research and education as well as multiple experts for the core academic team comprising of MDs, PhDs and scientists as well as numerous international affiliations and accreditations from International Provider of Holistic Medicine (IPHM), Japanese Society of Cell Biology, National Wellness Institute, The Complementary Medical Association (CMA) and 14 other related associations.
FOR MEDIA INQUIRIES CONTACT:
Andrew Tham/ Karen Lo
European Wellness Asia Pacific Hub
Tel: +6088-448989
Mobile: +6012-8503990/ +6017-8312388
Email:[email protected]/ [email protected]
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