China: Value-Based Procurement Reshapes Strategies Of Multinational Medtech Firms

China’s growing market for medtech, estimated at $70bn in 2021, could more than double this decade if the government’s Healthy China 2030 plan stays on track.  

Map of China in magnifying glass (shutterstock)
• Source: Shutterstock

[Editor's Note: This article originally appeared in In Vivo, Medtech Insight's sister publication, on 12 September.]

With a valuation more than triple that of the following competitor, Mindray Medical is the clear market leader in the China medical device market with market value of CNY326bn...

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