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China's Medical Device Market
With the support of World Health Organization (WHO) and the Chinese Government, Medical device is a focus industry that has a bright future in China. The Chinese medical device market is projected to have a faster growth rate than other parts of the world.
In the past 20 years, China has experienced an exceptional annual growth rate of 14%, while the United States and Europe held a steady annual growth rate of 9% and 4% respectively.
According to the most recent statistical data, China imports 85 to 90 percent of medical devices. However, Chinese manufacturer will produce more advanced medical products with in the next few years. In this emerging process, Jiayu transforms itself from a challenger into a leader in China and overseas market of medical device.