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.

SaaS & Tech Growth Strategy Articles

• Personas and The “Broken Telephone” Game
  We've all played the telephone game.
• Create a Tangible Strategic Vision
  When it comes to creating a strategic vision for your business, a few elements likely pop into mind, such as a mission, your values or your core beliefs. While all of these factors are important, business owners can forget one very important one – making your business tangible. Look up the definition of this word […]
• Creating A Strategic Marketing Approach for Software & Technology Companies
  The most successful marketing campaigns are executed with a clear vision and goal.
• Take AIM: How to Target the Right Audience
  Steps needed to establish and reach your target audience.
• Small Ways to Add Big Personality to Your IT Site
  No one said your website needed to be boring.
• The Basics of Analyzing Your Audience
  As audience analysis month draws to a close, Rick goes over the basics to make sure we understand the goals and importance of taking time to analyze your audience. It’s audience analysis month here at Insivia, so lets go over some of the basics and make sure you understand the importance of analyzing your audience. […]
• Make Tactical Goals Part of Your Vision
  When it comes to your business, you're probably planning a lot of different things - your next marketing move, your newest product, or making an acquistion. But not many businesses spend time planning out how to achieve goals.In fact, a lot of people leave this critical step out during their visions.After all, when most people […]
• Marketing Strategy vs. Marketing Plan
  So you’ve tried every marketing tip in the book, and you still aren’t seeing results. You’ve started a blog, engaged on social media, made videos, and done everything else you’ve been recommended. Despite your extensive efforts, you haven’t seen any increase in your business. So what’s the problem? The problem probably isn’t what you’re doing, […]
• Sharing Your Vision With Your Customers
  How can you share your vision with your customers? Andy shares his recommendations on bridging the customer gap.

Tech Services Stats

• 83% of China’s digital shoppers made an online purchase in the past month
• SAAS companies that are focused mainly on enterprise sales have higher levels of professional services
• The average Quick Ratio of fastest growing SaaS companies (those with a CAGR of over 50%) is 3.9: generating $3.9 in revenue for every $1 lost to revenue churn
• The median cost for a SaaS company to acquire a dollar of new customer revenue is $1.18
• Less than 20% of new revenue came from existing customers in the form of up-sell and expansion sales
• In 2017, the global adoption rate for biotech soybean amounted to 77 percent.
• How To Make Pricing A Constant Process In Your Organization
• There are around 3.8 million e-commerce sites in the USA
• Cloud application services are expected to grow at an average annual rate of 18.5% through 2025

SaaS & Tech Growth Strategy Stats

• SaaS companies in the $7.5MM-$15MM range are among the fastest growers
• To generate a single dollar of new customer revenue, Field Sales strategies have an average Customer Acquisition Cost (CAC) of $1.14
• At Twitter, 10 percent of tech roles are staffed by women
• Our experiences with SaaS startups indicate that they usually start with a couple of lead generation programs such as Pay Per Click Google Ad-words, radio ads, etc
• The metrics that matter for each sales funnel, vary from one company to the next depending on the steps involved in the funnel
• The statistic shows the worldwide IT spending on enterprise software from 2009 to 2020.
• If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business; this will become a major drag on growth
• In all SaaS businesses there will likely come a moment where they realize that not all customers are created equal
• The median SaaS business generates 16% of its new Annual Contract Value (ACV) from upselling to existing customers