Sunday, 20 Nov 2011
Medical Technology Opportunities in China
The Chinese medical device market in China is highly fragmented, with huge differences between regions. There are about 3,000 medical device manufacturers in China. Market size reached RMB120 billion (about £12 billion) in 2010 for medical devices industry, with a 23% growth rate. Government investment promises huge potential for the medical device market, it is predicted that 20% of the total RMB850 billion (about £85 billion) will be invested on medical device purchasing.
Research is critical when considering new markets. UKTI provides market research services which can help UK companies doing business overseas including:
Overseas Market Introduction Service (OMIS). Bespoke research into potential markets, and support during your visits overseas.
Export Marketing Research Scheme. In depth subsidised research service administered by the British chambers of Commerce on behalf of UKTI
Contact your local International Trade Advisor if you are interested in accessing these services, or for general advice in developing your export strategy.