Medical Device Giants Fight For Basic-Level Market
This article was originally published in PharmAsia News
Executive Summary
At the recent 60th China International Medical Equipment Fair in Suzhou, medical device giants gave emphasis to products suitable for small and medium health care institutions. GE Healthcare used the event to debut its new products specially developed for rural and community health care services. Its R&D center in China will add 20 new recruits to the existing 100 researchers to develop products for the grass root market. Meanwhile, Siemens highlighted its product line,which is being deployed in the rural market. Hitherto the main market of local medical device manufacturers, basic-level business is seeing increasing competitive pressure from MNCs. Technology represents the weak link for the Chinese companies as innovation needs to be a continuous process. (Click here for more - Chinese Language)