China Medical Devices Q1 2019
After a period of relative weakness, the market is seeing renewed growth and continues to offer major potential,although the high growth rates of the past decade are looking increasingly unsustainable, as the economy slows and pricingpressures increase. The medical device industry will benefit from key elements of China's 13th Five-Year Plan (2016-2020), notablythe emphasis placed on the strategic importance of innovation as a fundamental driver of future development. Other strategicpriorities, such as the programme to create a Healthy China and the drive to increase urbanisation through the establishment of aseries of smart city clusters, will also support market growth.
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