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.

More Growth Strategy Stats

Software and online services are in a period of dizzying growth

Cloud-hosted applications have a 99% uptime

The fastest growing SAAS companies averaged $250k in MRR and were only losing around 3.2% of that revenue each month to churn

Revenue Churn Rate = (RCR) (MRR at beginning of month – MRR at end of month) – MRR in upgrades during month / MRR at beginning of month

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business; which may have a dramatically negative effect on your company’s growth. Source: Mckinsey

It’s 9x cheaper to retain existing customers than acquire new customers: costing $0.13 to acquire any additional dollar of revenue

Companies that spend more on sales and marketing (as a % of revenue) generally grew at a faster rate than those that spent less

Since churn is so important, wouldn’t it be useful if we could predict in advance which customers were most likely to churn?

36% of SaaS businesses managed to reduce their revenue churn over the last 12-months

Best-in-class SaaS companies achieve 5-7% annual revenue churn – equivalent to a loss of $1 out of every $200 each month