China is the third largest medical device market in the world, behind USA and Japan. It is forecasted that this market is growing at a compound annual growth rate (CAGR) of 11%, from US$14.3 billion in 2011 to US$30.4 billion by 2018. Additionally, it is predicted that China will overtake Japan to become the second largest medical device market in the next 5 to 7 years.
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- How government reform is driving the growth of the medical device sector?
- How will the rise of the value segment impact the medtech industry. Clearstate estimates that the ability to penetrate the ‘value segment’ allows access to 70% of Asia’s population.
- Which are the top 10 domestic Chinese medical device titans?