China’s household medical equipment market share increases year by year

hhWith the rapid development of medical industry in China in recent years, household medical equipment, in vitro diagnostic reagents, and innovative medical devices are in a period of vigorous development.

Recently, a survey found that the China medical device market is over one hundred billion yuan, an average annual growth rate of about 23%. The market is expected to grow by 2015 to 340 billion yuan.

Innovative medical devices such as enzyme standard instruments in production technology and enhanced user function  have made great progress.

In the next few years,  mid-range medical equipment growth rate will continue to improve, quickly approaching 30%. This will result in price advantages with mature market channels throughout China.

The trend of the growing older age population in China will spur the development of home healthcare.

In addition to the local holistic medicines in the home cabinet, China home healthcare will include therapeutic apparatuses, rapid testing including blood glucose meters and strips, massage chairs, OTC’s, etc.   The continued development of medical science and technology coupled with the growing China home healthcare market will produce and unparalleled opportunity in improving Chinese healthcare.


About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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