2012-12-11 21:56:16 - Medical Devices Market in China 2009-2013 - a new market research report on companiesandmarkets.com
Medical devices comprise surgical equipment & appliances, diagnostic devices, X-ray, ophthalmic equipment, laboratory devices & diagnostics, dental equipment, medical disposables and others.
The Chinese Medical devices industry is experiencing healthcare reforms leading to improvisation and increase in demand for new improved medical devices. The Chinese government is taking various initiatives to provide improved and sustainable healthcare to its citizen by expanding its health insurance programmes. Also, the increasing aging population and lifestyle-related diseases have compelled the healthcare service providers to replace their old medical facilities with modern technologies. In addition, technological advancements and efforts of the local manufactures to become quality competitive from cost competitive drive the growth in the Chinese Medical devices market.
The Chinese Medical devices market is
one of the largest Medical devices markets and is witnessing a tremendous growth; especially in high tech medical devices. The expansion of the healthcare sector and governments effort to revamp the medical facilities in China offers expansion opportunities for this market. The Chinese Medical devices market comprises both local and international manufactures. Though the local manufacturers are manufacturing with advanced Medical devices, the high end market is dominated by the Japanese, German, and American manufactures. With the growing demand for high technology foreign Medical devices (especially that of the US), the market offers huge opportunities for multinational companies of the US, Germany, and Japan.
The report by TechNavio Insights forecasts the size of the Medical Devices market in China over the period 2009-2013. Further, it discusses the key market trends, drivers and challenges of Medical Devices market in China, and profiles some of the key vendors of this market.
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