Report Says China Offers Huge Market For Medical Devices To Replace Older Models
This article was originally published in PharmAsia News
Executive Summary
China can expect a large increase in purchase of the latest medical devices, passing Japan as the second-largest market within seven years to claim 25% of the global market by 2050, according to a report.
China can expect a large increase in purchase of the latest medical devices, passing Japan as the second-largest market within seven years to claim 25% of the global market by 2050. Consultant PharmaLive presented a report on the device outlook at an international medical-device exhibition. The report noted that 60% of medical devices at the nation's 175,000 health institutions were installed three decades ago, 15% of them four decades ago, suggesting that many need to be replaced in the coming years. (Click here for more
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"China's Medical-Device Market To Grow Rapidly" - Xinhua (China) (2/5/2013)