Singapore Biodesign, a global affiliate of the Stanford Byers Center for Biodesign, has partnered with EnterpriseSG (ESG) to deliver an exciting Open Access Lecture (OAL) on the latest trends and opportunities in China’s Medtech Industry.
As the population ages and birth rates decrease, many countries, including China, are facing acute health challenges. The Chinese healthcare market is forecast to grow to RMB16 trillion (~SGD3.29 trillion) in 2030 as the country continues developing and improving its healthcare ecosystem (McKinsey, 2018). Notably, China’s thriving medtech industry offers a myriad of opportunities. China has made rapid regulatory reforms since 2015 in order to accelerate the growth of this emerging strategic industry. Such moves have spurred faster development of, and approvals for medical products. From 2015 to 2019, Chinese foreign trade in medical devices grew by nearly 10% each year, outpacing worldwide growth (Deloitte, 2021).
Date: 12 July 2022
Time: 4pm to 5:30pm
Registration will close when they either (1) have reached full capacity or (2) by Wednesday, 6 July 2022 at 12pm. Click
here to register now (internet required).
Today, China accounts for around 20% of the global medical device market, and its market share is expected to bolster (Deloitte, 2021). We have invited industry experts with the relevant market knowledge to share their insights:
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