All Eyes On China’s Medical Device Goldmine
This article was originally published in PharmAsia News
To tap the enormous potential of China's medical device market, major MNCs such as GE, Siemens, Philips, Shimadzu and Toshiba have established footholds in the country, while continuing to pump in investment. According to industry figures, the total production value of China's medical devices will reach 100 billion yuan by 2010, accounting for 5 percent of the global market and making it the world's second largest market, overtaking Japan. To further dig into the huge goldmine, many MNCs have set up production and R&D bases to localize their products, manufacturing and sales. Research firm ChinaVenture reported that funding in the local health care sector topped this year's Q1 total capital investment at $83.99 million. (Click here for more - Chinese Language)
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