China Releases Its 2025 Vision For The Medtech Sector – May 2021 Update
In this digest of Chinese medtech industry news, Omdia’s Sally Ye describes the new five-year medtech plan and other key information for the sector.
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China’s economic might and industrial drive are being felt increasingly in medtech, and the just-released 14th five-year plan will give Chinese manufacturers more support for expansion, both at home and in overseas markets. Should EU and US industries be worried?
Medtech Insight’s second bimonthly digest of Chinese medtech industry news sourced from Omdia includes updates on the national device regulator’s latest annual report and a review of the companies and technologies on display at the recent China Medical Equipment Fair.
The consequences of China’s volume-based, centralized procurement of medical supplies, initiated in 2018, are starting to become clear, according to reports from Omdia.