China’s Medical Device Exports Grow 31 Percent To $3.2 Billion In 2008
This article was originally published in PharmAsia News
Executive Summary
China's medical device export maintained its high growth despite the global financial crisis. In the first 11 months of 2008, total exports of hospital diagnostic and treatment equipment rose 31.4 percent to hit $3.2 billion, far exceeding the total volume for 2007. The number of destination countries and regions reached 203, with volumes for Latin America and Africa relatively lower compared with other regions. Hospital diagnostic and treatment equipment constituted the most important export items, contributing to one-third of the total medical device exports. The U.S. still represented the key market with strong demand for such equipment. Small medical devices were in high demand by the U.S., Africa and Asia, while large instruments were mainly developed for newly emerging countries and regions. (Click here for more - Chinese Language)