Future prospects for “Medical Technology”
In China, the economy is recovering faster than expected and is gradually moving into a new post-corona reality. After around 20 percent growth last year, the country is continuing to catch up with the USA, the world’s largest medical technology market. The demand for medical technology in China remains huge and ranges from high-end magnetic resonance devices and prostheses to surgical instruments and therapeutic devices. Investments are being made in modernising hospitals, e-health and geriatric care, but also in expanding preventive care. The hitherto good market position of foreign medical technology manufacturers is gradually coming under pressure, as China wants to reduce its hitherto high dependence on imports. Since 2016, China has had an ambitious healthcare program, “Healthy China 2030”. The main component is improving the efficiency of healthcare in China.
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