China ready to show itself to the world at Medica
This article was originally published in Clinica
Executive Summary
The majority of China's medical device manufacturers produce high-volume, low added-value products. But there is a discernible trend towards high-tech products, says a report in China Medical Device Manufacturing (CMDM) online magazine. A record number of high-tech Chinese manufacturers are expected to be present at the Medica trade fair (Dusseldorf, Germany) in November. Chinese exhibitors are expected to number around 400 (+33%), and many of them are offering high-technology products, in a bid to compete with US and European multinationals. Chinese manufacturers are realising that price wars are not an effective long-term strategy for medtech companies and are realising the need to offer quality and added value. "It is very important to invest in R&D and proprietary technologies", says Ting Yang, CEO of Shenzhen-based Mindray (patient monitors, clinical laboratory instruments and reagents and ultrasound imaging systems).