The development scale of medical devices in China is over hundreds billion Yuan, and the annual average growth rate is near 23%. The market scale will be 340 billion Yuan in 2015 by expected. Comparing with 42%, the number that medical devices accounts for the whole medial market in global, the number in China is only 14%. Therefore, there is great space for development in the future for China.
Chinese government has large input to medical devices market, from the perspective of policy, there are “Twelfth five-year" science and technology special planning for medical device industry and Health China 2020 Strategy Research Report by ministry of technology and health. And besides, in next eight years Chinese government will launch seven major projects of large health systems, and the investment amount is RMB 400 billion.
As for the market trend, the demand for medical devices will increase with the increase of aging population. And there are two major opportunities in this industry, import substitution and upgrade.
Challenges and opportunities are obvious in this industry, which are covered in the conference agenda: updates of the regulations in China and overseas and the difficulties in registration; design and innovations of medical devices; the standard and methods of risk assessment and quality control; application of new materials; development of wireless/mobile medicals.
Under the background above,MDiT Forum and Regulation Summit 2013 will be held on 24th-26th September at Shanghai World Expo Exhibition and Convention Center.