In this issue:
- Market Overview: Medical Devices in China
- Investing in China’s Medical Device Industry
- Case Study: Choosing a Distribution Model for the Chinese Market
Today’s opportunities for foreign investment in the medical device industry in China are the product of a near perfect storm of factors in the country: social, technological, economic and regulatory.
In the social realm, China’s greying and increasingly wealthy population has created an unprecedented demand for medical products, services and institutions. Here, the capital, technology and expertise of foreign firms hold an indispensable value. Meanwhile, the long-standing pattern of China as a low-tech manufacturer and high-tech importer of medical devices is slowly giving way to more China-side manufacturing of mid-to-high tech devices by foreign-invested enterprises.
Economically, the currently fractured and immature market in low-tech devices will likely see consolidation over the coming years, as trade barriers are lowered and more sophisticated supply chains put in place. And on the regulatory front, China’s new Trademark Law (effective May 1, 2014), in conjunction with alternative dispute resolution (ADR) initiatives such as the Shanghai International Arbitration Centre (“SHIAC”), mean that foreign investors can feel safer than ever bringing their core technologies to China.
In this issue of China Briefing, we present a roadmap for investing in China’s medical device industry, from initial market research, to establishing a manufacturing or trading company in China, to obtaining the licenses needed to make or distribute your products. With our specialized knowledge and experience in the medical industry, Dezan Shira & Associates can help you to newly establish or grow your operations in China and beyond.