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Are China Hospital Purchases Slowing? Ask Mindray

China’s largest medical device maker surprised everyone by posting overall second-quarter net revenue growth of 9 percent, to $334.5 million, amid challenging market conditions. It expects a further recovery in the second half, but conditions at home remain difficult.

One year after China launched a nationwide anti-corruption campaign, hospitals are still reluctant to open their pockets for new equipment orders. The trend has hit leading Chinese device maker Mindray Medical International Ltd hard.

“The market conditions in various key countries continued to be challenging for our business during the quarter, particularly the slow recovery of our home market, China,” May Li, Mindray’s Chief...

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