Explore the emerging opportunities for medical device companies in China... Find out why some analysts are predicting a compound annual growth rate of 15% over the next 10 years from a base of approximately $10 billion in 2007.
This article preview is reprinted from Start-Up - May 2008
The medical device industry in China is young and maturing rapidly. Local companies are starting up around proprietary technologies after the venture-funded model of the West, while foreign companies continue to ally with Chinese firms to gain access to the world’s fastest-growing device market. “Made in China” no longer connotes low-cost manufacturing; the past five years have seen the emergence of medtech start-ups developing patent-protected products for local and global markets, particularly in interventional cardiology. They may not be as innovative as Western start-ups, but for China, it works. More information
