TechNavio today launched its report Medical Devices Market in China 2011“2015 based on an in-depth study. The report aims to aid decision makers™ understanding of the key trends impacting the growth of this regional market.
Commenting on the report, an analyst from TechNavio™s Healthcare team said, The Chinese population has a low mortality rate and this has resulted in an increase in the aging population. By 2020, the aging population in China is forecast to exceed more than 23 percent of the total population. This increase in the aging population coupled with improved healthcare services results in higher usage of medical devices and thus the market for medical devices is expected to grow.
According to the report, as a result of the growth in the Chinese Healthcare industry, several MNCs are establishing R&D centers in China and forming clusters in key regions. Recently several healthcare giants such as Toshiba, Mindray, Omron, Aeormed, Philips, Johnson & Johnson, 3M, Medtronic, Siemens, Aloka, Lepu Medical, YuYue, etc. have established huge R&D centers and various products are being released in the market.
Further, the report also discusses various challenges impacting the growth of this market including the delays in regulatory approval.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/medical-device-market-china-2011-2015
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TechNavio Announces the Publication of its Report “ Medical Devices Market in China 2011“2015
