Chinese rehabilitation device market worth USD10 bn by 2020
24-May-17, Hong Kong Means Business
The Rehacare and Orthopedic China (Guangzhou) event, held 31-Mar-17 to 2-Apr-17, showcased a variety of rehabilitation equipment, ranging from large medical devices to small household items. Ease of use was the mantra for many of the assistive devices on offer, while the integration of hardware and software was a strong trend.
%20HKMB.jpg "Chinese rehabilitation device market worth USD10 bn by 2020 (c) HKMB")
Image: HKMB
The fair took place barely six months after China’s State Council issued new guidelines relating to the sector. A key element was official support for the wider application of artificial intelligence, brain-computer interfaces, virtual reality and other cutting-edge technologies within the rehabilitative sector.
The Chinese rehabilitation sector will be worth more than RMB70 bn (USD10 bn) by 2020, indicating a likely compound annual growth rate of about 20 per cent.