15.1.12

China's med-tech market to grow 17% in 2012 | MassDevice.com

January 12, 2012 by MassDevice staff

The Chinese medical device market is slated to grow 17% in 2012, survey says.

MassDevice On Call

MASSDEVICE ON CALL —China's medical device market is set to grow 17% in 2012, according to a Citigroup hospital survey.

Major medical equipment in the Chinese market include medical monitors and life support, diagnostic imaging, in vitro diagnostics and therapeutic systems.

GE Healthcare (NYSE:GE) leads the Chinese medical equipment market, but in orthopedics and drug-eluting stents, Medtronic (NYSE:MDT), Johnson & Johnson (NYSE:JNJ) and Stryker (NYSE:SYK) take the lead, according to the report.

Sign up to get our free newsletters delivered straight to your inbox


Citigroup's survey, which was based on responds from 383 Chinese hospitals across 29 provinces and cities, also named med-tech titans Philips (NYSE:PHG) and Siemens (NYSE:SI) as leaders in China's med-tech market.

Domestic manufacturers such as Mindray Medical (NYSE:MR), Wandong and Aeon have tapped into the market with the sale of market of patient monitors, anesthesia machines and radiography machines.

The 2012 growth will be largely due to bigger budgets and planned infrastructure upgrades from Chinese hospitals, according to analysts.

State lawmakers push Supreme Court to uphold Obamacare
More than 480 state lawmakers plan to file a brief urging the Supreme Court to uphold President Obama's health care reform law, according to TheHill.com. The group includes at least 1 lawmaker from every state, including the 26 states whose attorneys general are suing to overturn the law's individual insurance mandate. Read more

Device detects cancer cells before they become tumors
University of Missouri researchers' photoacoustic device can detect cancer cells before they become tumors, according to a press release. The laser-induced ultrasound system will soon be available to scientists for cancer studies and will be tested in clinical trials for the early diagnosis of metastic melanoma. Read more

Stanmore Implants launches personalized knee replacement system
Stanmore Implants Worldwide launched the first patient-specific modular knee implant system. Stanmore's system combines robotic bone preparation with a patient specific design gathered during CT scans. Read more

Med-tech causes Iowa fire
A fire in Waterloo, Iowa was likely caused by a malfunctioning medical device, according to the WCF Courier. The fire, which caused nearly $20,000 in damages at an assisted living facility, started when unattended medical equipment was left on a resident's bed. Read more

Permalink

US and EU medical technology companies need to start making plans to take their products to China before the country is able to develop its own medical device national champions. Once the country has the capacity to develop everything themselves, the West should expect their products to be largely shutout of what will be the world's largest market one day.

Post a Comment