A Chinese Market for Medical Technology Used to be on the Long List of Lofty Goals for Device Makers.
Sunday, October 5, 2014
Now med-tech firms are seeing double-digit growth as they partner with Chinese manufacturers, purchase Chinese companies, and race to educate and woo Chinese doctors and patients eager to tap the latest technology.
A growing Chinese middle class and increasing investment in health care by the Chinese government are making such devices as pacemakers, defibrillators, insulin pumps and spine products accessible to hundreds of millions of new patients. More-familiar factors play a role, too, as the nation falls prey to such chronic ailments as heart disease and diabetes, meaning even more customers will lean on technology from device makers to prolong and improve their lives.