久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

Medtech to see robust growth

By Wang Wen (China Daily) Updated: 2014-10-30 07:25

Medtech to see robust growth

A visitor tries a device for the treatment of cervical vertebra problems at an international health industry expo in Beijing. The medtech market, including instruments and equipment, was valued at $22 billion in 2013. [Provided to China Daily]

Aging numbers and middle class growth driving the demand for medical devices

China will become the world's second-largest medical technology market with a value of $55 billion by 2020, The Boston Consulting Group said in a report released on Wednesday.

The medtech market, including instruments and equipment, will have a compound annual growth of 14 percent on average from 2013 to 2020 and its global share will increase from 7 percent in 2013 to 12 percent by 2020, said the report titled "Winning in China's Changing Medtech Market".

Medtech to see robust growth

The accelerated aging of Chinese society, the increased incidence of chronic and serious diseases, an expanding middle class, the emergence of more small to medium-sized cities and increasing government spending on healthcare are the fundamentals driving China's medtech demand, said Luo Ying, a BCG partner and co-author of the report.

"China's medtech industry is very different from 10 years ago and the market will also be very different in the next 10 years," Luo said.

As the market grows, changes will occur. First, the importance of the middle segment of the market will increase, but it will also be the most competitive, said the report.

Lower-tier urban hospitals are the main customers of medical technology in the middle segment of the market, and they are both price- and quality-sensitive, Luo said. "Many local manufacturers perform well in the middle segment of the market."

Local companies will gain in the premium segment on the strength of government support for technological innovation, although foreign companies will still dominate the top end with more advanced technology, said the report.

Li Bin, minister of the National Health and Family Planning Commission, said in August that the government encourages major hospitals to use domestic medical equipment.

Some senior managers from well-known hospitals have said they will purchase more domestic equipment and support the industry's development, the commission said in a statement on Oct 8.

"Local companies need to upgrade their product focus from low-end and competing just on cost to mid-end and competing on quality as well as cost, and possibly even innovation," said John Wong, senior partner of BCG and co-author of the report.

To respond to the changing market, foreign companies must modify their strategies, Wong said. As the middle segment of the market grows fast, foreign companies, which target the high-end market, need to rethink their portfolios and obtain share in the middle tier through local product development or acquisition, he said.

Some foreign companies have already taken such steps.

General Electric Co, which has an "in China for China" strategy, established four research and development centers and six other facilities across the country to design and manufacture mid-end products especially for the local market.

Other foreign companies have sought to grow in China through acquisitions. For example, Medtronic Inc, one of the main medical technology manufacturers based in the United States, spent approximately $816 million in 2012 to purchase China Kanghui Holdings, an orthopedic device maker from China.

"The integration of Kanghui provides Medtronic with a strong position in China's rapidly expanding orthopedics segment," said Chris O'Connell, executive vice-president of Medtronic's restorative therapies group, including the spine, neuromodulation, diabetes and surgical technologies businesses.

The US company also expanded its strategic alliance in July with Lifetech Scientific Corp, a medical device company in China, to include jointly produced Lifetech pacemakers made in and for China.

Medtech to see robust growth

Medtech to see robust growth

Nutritional supplements a thriving market  Medical sector a lure for foreign players

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 中文在线亚洲 | 香蕉久久久久 | 一级一片免费视频播放 | 一级欧美毛片成人 | 亚洲加勒比在线 | 欧美一级在线毛片免费观看 | 欧美高清一区二区三 | 男人女人做黄刺激性视频免费 | 亚洲精品在线影院 | 国产一级毛片一区二区三区 | 亚洲一区二区三区久久精品 | 国产精品亲子乱子伦xxxx裸 | 久久久久亚洲精品中文字幕 | 日本xxxxx久色视频在线观看 | 国产主播大尺度精品福利 | 国产第一福利影院 | 欧美日韩视频精品一区二区 | 国产成人综合亚洲一区 | 一区二区三区精品视频 | 亚洲成a人片在线观看精品 亚洲成a人片在线观看中 | 日本不卡在线一区二区三区视频 | 久草在线新首页 | 国产欧美日韩在线一区二区不卡 | 成年人黄色片 | 毛片免费永久不卡视频观看 | 欧美一级大尺度毛片 | 久久综合成人网 | 国产人成午夜免费噼啪视频 | 国产一级视频在线观看 | 日本中文字幕不卡免费视频 | 国产精品免费视频一区一 | 久青草国产手机在线观 | 亚洲国产成人九九综合 | 美国一级毛片免费看 | 男女国产| 91原创在线 | 久久亚洲精品中文字幕第一区 | 亚洲精品福利一区二区三区 | 久久久久久91香蕉国产 | 色一欲一性一乱一区二区三区 | 久久国产香蕉 |