China highlights medical device industry as a breakthrough area
18-Jan-17, Medical Platics News
The CDFA published “Guidelines for the Preparation of Special Reports on the Application of Innovative Medical Devices" in order to encourage medical device study and innovation, and to promote the practice of new medical device technology.
%20Woke%20Medical.jpg "China highlights medical device industry as a breakthrough area (c) Woke Medical")
Image: Woke Medical
The publication was published in the attempt to help China’s medical device localisation process, and to help boost the development of the Chinese medical device industry.
The medical device industry represents a massive market in China with only 14% of the country’s local market’s share consisting of medical devices and equipment. In comparison, medical devices and equipments in developed overseas markets account for 42% of the overall market size of pharmaceuticals and devices/equipment.