| With the aid of advanced technologies, innovative | | | | latest medical equipment and facilities. The |
| devices have been introduced in the medical field. | | | | government also funds the construction of clinics in |
| These medical devices have been broadly classified | | | | remote village areas and expansion of health |
| as medical disposables, surgical equipment, diagnostic | | | | insurance programmes to cover all rural residents. |
| equipment, laboratory devices and diagnostics, dental | | | | With such a strong government support, the Chinese |
| equipment, and ophthalmic equipment. | | | | Medical devices market is poised for a tremendous |
| According to TechNavio, the market for Medical | | | | growth. |
| devices in China is forecast to reach $25,770.9 million | | | | Many Medical devices companies are concerned with |
| by 2013 from $16,677.0 million in 2009, growing at a | | | | outsourcing issues such as loss of information, |
| CAGR of 11.5 percent over the forecast period. | | | | confidentiality, and control over the quality of |
| Rapidly growing technology, increasing demand for | | | | manufacturing or clinical trials. In addition, companies |
| innovative medical devices together withaging | | | | are also concerned with intellectual property thefts, |
| population and prevalence of chronic illness are very | | | | as the patents become invalid once the |
| important growth drivers for the medical devices | | | | manufacturing units move outside the US or Europe. |
| market in China. Growing health awareness among | | | | The products are under the risk of design piracy by |
| consumers and support from government through | | | | the local Chinese manufacturers, resulting in |
| various initiatives are also very significant factors that | | | | massproduction of low-cost devices. |
| drive this market. | | | | The report by TechNavio Insights forecasts the size |
| The Chinese government is taking many initiatives by | | | | of the Medical Devices market in China over the |
| investing in healthcare projects to improve the | | | | period 2009-2013. Further, it discusses the key |
| country's healthcare standards and provide adequate | | | | market trends, drivers and challenges of this market, |
| healthcare facilities. The aim is to improve the overall | | | | and profiles some of the key vendors in the same. |
| healthcare infrastructure and provide access to the | | | | |