Introduction to OPEN HOUSE HEALTH MARKET (OHHM)

OHHM is a professional procurement platform based in Europe and facing the world, focusing on promoting high-quality healthcare products from all over the world. The founder, bagobag GmbH, is situated in Berlin, Germany.

As an international metropolis, Berlin is one of the commercial centers of Europe, the channel for products to enter Europe, and a premium choice to enter the global market. With its approximately 300 medical technology and more than 240 biotechnology companies, 30 pharmaceutical companies and more than 130 clinics, Berlin region is one of the most important locations for the healthcare industry in Germany and Europe. Companies such as Bayer, Bausch + Lomb, B. Braun Melsungen, Berlin-Chemie, Biotronik, Pfizer, Sanofi and Takeda are all based in Berlin.

In Europe, an average of approximately 10% of gross domestic product (GDP) is spent on healthcare, 7,4% of total healthcare expenditure spent on medical technology, 225 € expenditure on medical technology per capita. (MedTech Europe). Among the EU Member States, Germany, France and Sweden had the highest healthcare expenditure relative to GDP in 2018 (between 10.9% and 11.5%), the largest expansions in current healthcare expenditure per inhabitant between 2012 and 2018 were recorded in Romania and the Baltic Member States. (The statistics of Eurostat).

The public interest in naturopathic diagnostics and therapy has increased considerably in recent years, and complementary and alternative medicine (CAM) has become more popular and accepted in Europe, which reflects trends observed in other western countries. For example, according to the survey of Statista, 43 percent of French people had a budget of up to 50 euros for alternative medicine in 2018; Out-of-pocket expenditures on CAM therapies are estimated to be $34 billion annually in the United States.

To respond to the market trends and to provide an efficient and comprehensive supply platform for products, devices, technology and services in the medical field, bagobag GmbH launched OHHM Marketplace, which is a professional platform focusing on the promotion and sales of medical products, natural health care products and health services. It brings together global manufacturers and trading companies in healthcare industry to display a complete spectrum of medical and health products and to meet all the requirements of purchasers.

Market players can open their own stores on the OHHM Open House Health Market for free and use the various efficient tools and activities there to promote their stores and products.

They can also realize

• sales
• auction, reverse auctions
• transaction
• transport and other follow-up services on the platform

The OHHM marketplace gives each product a unique identification number in different languages coded for medical products in the nomenclature UMDNS to facilitate in-depth communication between buyers and sellers.

Based on many years of experience, bagobag GmbH also consults on import procedures, EU standards and regulations and assists in import operations in need.

The website of OHHM (https://www.open-house-health-market.com) is still under construction and will be ready soon to welcome the market players all over the world.