Chinese Volume-Based Procurement Pilot Hits Medtech Stock Prices
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.
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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.
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.
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.