vendredi 16 juin 2017

The medical devices Market in China

Nearly 100% of the citizens have some form of health insurance

The public hospitals are the traditional diagnosis and treatment centres for the average citizens and the government claims that nearly 100% of the citizens have some form of health insurance. Therefore they have to bear the expensive charges in hospitals themselves or to resort bribery to secure best treatments. The previous year marked with the violent attack on doctors and nurses by the patients.

Large pressures on large cities

The large demographic area of the country, pressurize the burden on public hospitals in the cities like Ghangzhou, Shanghai and Beijing. To ease the burden on public health care centres the Chinese government has taken initiatives to encourage investments in private healthcare facilities by raising funds and healthcare insurance to cover essential private facilities. Qualified private institutions will also be able to list shares and sell bonds to raise funds. This solves the problem of overcrowding in public hospitals as well as maintaining the peaceful relationship of doctor-patient relationship reported by Bloomberg Business. Some Private clinic in Eyes Surgery are penetring the Chinese market and open eyes center, it is a booming market specially for the wealthy Chinese .Euroeyes for example is a german eyes Center and operate legally in China. 

Increasing Hospitals Exploding the Opportunity for Medical Device Companies
source :

3 commentaires:

  1. Medical devices are organized into three classes in China - Class I, II and III - depending on the level of risk
    From the apparatus (determined by purpose, structural characteristics, whether in direct contact with
    The body, methods and status of use) from bottom to top9
    . The classifications are mainly used for risk
    management; Consequently, different categories of medical devices are governed by different rules. For example:
     Category I medical devices are considered to have a low level of risk, including safety and efficacy
    Can be provided by routine administration;
     Class II medical devices are considered to be of medium level of risk, for which additional control
    Is necessary to ensure their safety and effectiveness;
     Class III medical devices have high levels of risk, where special measures
    Apply strict control and administration in terms of safety and efficiency.
    Pursuant to the Regulation respecting the supervision and administration of medical devices, (March
    2014) 10, the CDFA has introduced the classification management of products for Class I medical devices before they can
    Be distributed in China. For Class II and Class III medical devices, manufacturers require the approval of
    The CFDA.
    A medical device can be divided into four categories according to its structural characteristics
    (Powered / active or unfed / passive) and if it touches the human body. These categories are
    as following:
     Passive human body in contact with medical devices;
     Non-human passive medical device in contact with medical devices;
     Active human body in contact with medical devices;
     Non-human active body in contact with medical devices.

  2. Extensive focus on emerging countries such as India and China which are expected to grow at approximately 15% CAGR through 2023 in the field of Medical Device Market.