In 2020, China is expected to generate 55 billion U.S. dollars in the global medical technology market.

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China’s Food and Drug Administration is encouraging new developments in the health care industry and to be considered innovative, a product must be a major improvement from the previous product. As of 2013, China’s medtech industry was the fourth largest in the world and is expected to be the second largest by 2020.

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80% of venture capital investments take place in the enterprise

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