Doing Business in China: Research on Chinese Good Manufacturing Practice Regulations for Medical Devices
FARMINGTON, Conn., March 27, 2013 /PRNewswire-iReach/ — As the world’s largest population, prospects for medical device spending in China is huge. Government healthcare reforms are a major driving force behind China’s healthcare sector. Not only are these policies instrumental for improving the healthcare system in China, but they also create significant market opportunities for companies in the lucrative Chinese medical devices market. The medical device market in China was valued at 120 billion RMB in 2010 and is estimated to surpass 600 billion RMB within the next few years. At this pace, China is expected to supplant Japan as the world’s second largest medical device market behind the United States. Foreign and overseas medical device manufacturers and producers will increasingly seek opportunities in China and to penetrate this fast-growing market. The question is can potential market entrants overcome the barriers?
The first obstacle for medical device manufacturers and producers is how to comply with the Chinese Good Manufacturing Practice (GMP) Regulations for medical devices. Knowledgability about Chinese laws and administrative regulations and understanding of cultural differences are imperative. An essential resource for medical device manufacturers and producers to achieve successful entry into the Chinese medical device market, the “Latest Guide to Chinese Medical Device GMP Regulations” provides a detailed guidance of comprehensive and thorough knowledge of the latest Chinese Good Manufacturing Practice (GMP) Regulations for Medical Devices.
Highlights from the guidebook include: an overview of medical device GMP, details of inspection regulations, implementation guidelines and inspection criteria for both sterile and implantable medical devices, and a complete set of English and Chinese bilingual application and inspection forms of Good Medical Device Manufacturing Practice.
Learn more about the guidebook and request free sample pages at http://www.giiresearch.com/report/acmc264331-latest-guide-chinese-medical-device-gmp.html
For additional medical device market research reading, Global Information (GII) also recommends “The Medical Device Market: China“. The report supplies a wealth of statistical data and analysis of key medical market drivers. 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy are provided in addition to extensive background information, population trends, health status, health expenditure, organization and administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts.
Learn more about Espicom’s report on medical devices in China and request free sample pages at http://www.giiresearch.com/report/es26125-medical.html
Ophthalmic devices and In Vitro Diagnostics (IVD) account for a major portion of the medical device market in China. Ophthalmic surgery devices will be driven by a combination of China’s large population of patients suffering from cataracts and government-backed insurance schemes to make cataract surgery affordable. Meanwhile, the IVD market in China will be boosted by a large patient pool requiring large volumes of testing. For more trends on the top ten medical device markets in China, information and analysis, “Medical Devices Market in China to 2018” also covers medical device sectors in diagnostic imaging, cardiovascular devices, nephrology and urology devices, orthopedic devices, drug delivery devices, diabetes care devices, wound care management, and healthcare IT.
Request free sample pages from GBI Research’s “Medical Devices Market in China to 2018″ at http://www.giiresearch.com/report/gbi254538-medical-devices-market-china-government-reforms.html
Find more market research for the medical device connector industry
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