Medical device market in China.
With China's growing old-age population and economic presence on the international stage, it has become important to evaluate its domestic and foreign market contribution to medical devices. Medical devices are instruments or apparatuses used in the prevention, rehabilitation, treatment, or knowledge generation with respect to disease or other abnormal conditions. This article provides information drawn from recent publications to describe the current state of the Chinese domestic market for medical devices and to define opportunities for foreign investment potential therein. Recent healthcare reforms implemented to meet rising demand due to an aging and migrating population are having a positive effect on market growth-a global market with a projected growth of 15% per year over the next decade.
Department of Systems and Computer Engineering, Carleton University, Ottawa, ON, Canada.
Philip
P
Boyer
Electrical and Computer Engineering Department, The University of Memphis, Memphis, TN, USA.
Bashir I
BI
Morshed
Medical Devices Innovation Institute, University of Ottawa, Ottawa, ON, Canada.|Cardiovascular Devices Division, University of Ottawa Heart Institute, Ottawa, ON, Canada.
Tofy
T
Mussivand
D002681:China; D003132:Commerce; D004864:Equipment and Supplies / Q000191:economics*; D018166:Health Care Reform; D006801:Humans
China; Medical device market