China Device Market May Gain As Reforms Favor Diagnostics And Prevention

China’s medical device market is posed to overtake France as the third largest by 2020 and pull even domestically with pharmaceuticals in coming years as government health care reforms put emphasis on diagnostics and prevention.

China’s medical device market is expected to grow faster than the pharma sector in coming years, playing catch up as government policies kick in to curb health care inflation and increase the use of diagnostics to support disease prevention and early treatment.

In the U.S., the device market is a little more than one-third of the pharma market. But in China, device sales are only about one-fifth of all medical expenses with...

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