China Medical Devices Q2 2019
The Chinese medical device market continues to offer major potential and will see sustained growth, althoughthe economic slowdown and pricing pressures are constraining factors. The medical device industry will benefit from key elementsof China's 13th Five-Year Plan (2016-2020), notably the emphasis placed on the strategic importance of innovation as afundamental driver of future development. Other strategic priorities, such as the programme to create a Healthy China and thedrive to increase urbanisation through the establishment of a series of smart city clusters, will also support market growth. Importswill face headwinds from the import substitution drive and challenges arising from the ongoing US-China trade dispute.
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