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

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.

CATEGORY
SaaS & Tech Growth Strategy

SOURCE
Statista

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