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.

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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