Among emerging markets in the medical device industry, China stands apart for its exceptionally rapid growth. From 2004 to 2014, healthcare spending in China has expanded from $90.8 billion to just over $590 billion. With FDA News declaring recently that opportunities in China are “better than ever,” major medical device manufacturers are scrambling to carve out their space in the burgeoning Chinese market. While taking advantage of developing markets is imperative for business growth, the Chinese medical device industry comes with unique challenges. The rapid growth has largely outstripped the availability of quality auditors and regulatory professionals.
If your business is eyeing expansion into the new market or considering China based suppliers, Medpoint has a team of proven, local experts who can help ensure your quality standards are maintained, freeing you focus on strategies to develop business abroad. For more information, connect with us.