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 is transitioning to an economy driven by innovation and technology, with differential effects on foreign medtechs depending on their place in the value chain and type of innovation. China commentators have been updating the market.
The key health care and infrastructure trends in China and how they will affect the local medtech market and industry are listed by Medtech Insight’s sister news portal, Omdia.
China is making a renewed push to cover more people with health insurance, and says it will cut patients’ out-of-pocket contributions by a third and encourage more private insurance, according to reports from Omdia.