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The Chinese medical device market: market drivers and investment prospects

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<mark>Journal publication date</mark>30/08/2016
<mark>Journal</mark>Journal of Commercial Biotechnology
Issue number2
Volume22
Number of pages7
Pages (from-to)33-39
Publication StatusPublished
<mark>Original language</mark>English

Abstract

The economy in China has experienced rapid growth and been remarkably successful ever since the reforming and opening-up policy. Like China's economy, the Chinese medical device market is developing rapidly; this paper identifies important parameters controlling this market. Regression analysis shows that the number of hospital visits, aging population and the number of hospitals have a positive relationship with medical device revenues. Therefore, they are the main drivers of the Chinese medical device market. Disease profile is another important market driver. Analysis of the main market drivers, illustrates that the Chinese medical device market offers significant investment opportunities.