Medical Export China Access

WTCBN has created a program aimed at increasing the export growth of  medical device companies. The project will assist medical device companies through:

  • Industry education and training tailored to increase awareness of the regulatory and standards environments in China and other countries
  • Marketing assistance and industry consultations 
  • Informational forums, trade shows and trade missions 
  • Trade service delivery with emphasis on international marketing and sales for the China market

Why China?

  • The Chinese government has mandated US $124 billion to develop basic healthcare infrastructure in hopes of providing every Chinese national the basic healthcare coverage that they deserve by 2020.
  • The Chinese also view foreign, particularly U.S. medical device companies as more credible than their Chinese counterparts. Over 20,000 hospitals need to upgrade their medical equipment and over 30,000 county-level hospitals need new equipment.
  • The China Association of Medical Devices Industry states that China’s medical equipment market grows at 15% annually, and reached a total size of RMB100 billion in 2010 (about US$15.8 billion), ranking 2nd in the world behind the US due to the great demand for medical equipment, the growing aging population and the stimulation and implementation of China’s healthcare reform.
  • An annual sales growth of large, high-end, medical equipment was reported to be between 20%-30%. The production volume in China of low-mid range medical equipment and products ranked #1 in the world at 75%; high-end products only accounted for 25%, showing that the majority of medical equipment and products produced by domestic Chinese manufacturers are mostly low-tech. 


Contact us for more information.