With 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.