Abstract
The Medical Device Market: China
Opportunities and Challenges
The Chinese healthcare industry has considerable potential, the economy has
developed impressively and the medical device market exhibits strong growth,
albeit not accelerating at the spectacular rates seen in recent years. This
in-depth market report provides 5-year market forecasts, analysis of trends,
domestic production, medical imports and exports, health provision and health
funding. Included with the report are 3 free quarterly updated outlook
reports, enabling you to keep up to date with market developments for a year.
Includes 3 quarterly updated outlook reports!
China, in terms of both its healthcare system and medical market, is a nation
of contradiction. As the world's most populous country, and one in possession
of the fastest growing major economy in the world, the nation offers a vast
array of opportunities for overseas investors, complemented by a massive
potential workforce and consumer base. The government has promised large-scale
investment in order to improve healthcare.
However, several factors inherent in the nation's make up undermine many of
these opportunities.
China may be the 8th largest medical market in the world but that position
belies the fact per capita spending on medical devices and equipment is just
US$2. Increasingly China is becoming a "two track" country. While there are
some very high quality hospitals and clinics in the big cities, in rural areas
facilities are badly-equipped and trained staff are lacking.
But that's just part of the story. The role of traditional Chinese medicine in
limiting the growth of western medicine, the revised regulatory requirements
for devices, the issue of how to fund rural health services, the emerging
domestic manufacturing sector and a growing AIDS problem, are all now part of
the mix.
Key Areas Addressed:
- 5-year market forecast to 2010
- Analysis of trends
- Health Provision and Plans
- Health Funding
- Domestic Production
- Medical Imports and Exports
- Market Access
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