Noida, India (PressExposure) October 06, 2009 -- The Chinese medical device market has seen a constant growth over the last few years, but this trend is expected to take upturn with increasing demand in the country. According to our new research study âChina Healthcare Sector Analysisâ, the medical device market in China is forecasted to grow at a CAGR of over 18.5% during 2010-2012 on account of soaring demand and government support. Anticipating the strong future growth, many private investors are looking to invest in the market, which will see tough competition and price war in near future.
We have found that the Chinese medical device market is mainly import based and characterized by high pricing. Presently, the market is concentrated in only urban areas. The announcement of healthcare reform package by the Chinese government to improve rural healthcare infrastructure will boost the demand as 70% of countryâs population live in rural areas. This demand will drive the market growth in near future.
In order to gain extensive insight of the current and future market trends and developments, we have done thorough analysis of the healthcare industry and other emerging markets in China. We have found that the healthcare IT market is expected to emerge as a major segment in future. Its growth will be driven by renovation of healthcare infrastructure in the country. Moreover, sectors like medical tourism and telemedicine will grow on the back of developments taking place in the healthcare industry.
âChina Healthcare Sector Analysisâ has included detailed analysis of the factors which are propelling growth in the healthcare industry. Besides, the report provides rational analysis of the projected growth in medical equipment market and pharma market. It predicts future direction of the market that is based on the growth of base drivers, like infrastructure and technological developments, thus helping clients to analyze opportunities and factors critical for their success.
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