The medical device industry is entering a period of opportunity!
In recent years, China has been continuously working to refine its legal and regulatory framework for medical devices, with a focus on the practical needs of the industry and the public’s demand for safe and effective medical devices, in order to promote the healthy and orderly development of the medical device sector.
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2022-02
How can the medical device industry contribute to achieving the “dual carbon” goals?
On September 22, 2020, the goals of “peaking carbon emissions” and “carbon neutrality” were put forward, eliciting enthusiastic responses across the country. The vast majority of greenhouse gas emissions generated by human activities stem from the consumption of fossil fuels, particularly in industries such as manufacturing and transportation. Although the medical device industry is not among the highest-emitting sectors, it nonetheless has a responsibility to contribute to these efforts. So, what specific steps can be taken? Let’s take a look.
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2022-02
China’s medical device industry is currently undergoing a period of transformation and rapid growth. As public demand for healthcare continues to rise, it is translating into robust market demand for medical devices. Driven by substantial market potential and supportive government policies, the industry has expanded rapidly from a small-scale sector to a major player, with an increasingly comprehensive product portfolio, steadily strengthening innovation capabilities, and the emergence of leading enterprises in several niche segments. However, it remains crucial to recognize that the prevailing characteristics of small size, fragmentation, and low-level competition among Chinese medical device firms have yet to undergo fundamental change; therefore, accelerating technological innovation and enhancing evidence-based regulation are now top priorities.
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2022-02
What is the outlook for the medical device industry?
Recently, the Guangdong Provincial Drug Administration released the “List of Pilot Varieties for Medical Device Registration Holders in Guangdong Province.” Item 61 on the list shows that Huawei Terminal Co., Ltd. has applied, as the registration holder, for a medical device—the wrist-mounted single-lead electrocardiogram recorder (VID-B99). This means that, through Guangdong’s registration holder pilot program, Huawei has now obtained a registration certificate, effectively entering the medical device sector.
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2022-02
It is often said that “times create heroes.” The COVID-19 pandemic has accelerated the rapid development of internet-based healthcare at an unprecedented pace, enabling it to make a significant contribution to the fight against the epidemic. As a result, “digital healthcare” has swiftly risen to the forefront of public attention, with data emerging as a critical asset—often likened to “oil” in the digital age. Digital transformation is continuously disrupting traditional healthcare systems, and medical device companies must keep pace with these changes if they are to gain a competitive edge in an evolving market environment.
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2022-02
The best future opportunities in the healthcare industry are in China.
China’s greater health industry is undergoing a disruptive transformation: the real-world implementation of digital healthcare, the new global competitive landscape reshaped by the pandemic, the localization efforts of multinational giants, the rise of private-sector unicorns, the dual-circulation model linking China with the rest of the world, and the steady progress toward the ambitious 2030 Healthy China goals. The sector is now witnessing a surge in innovation: patient-centric solutions are replacing single-product offerings as the decisive battleground for next-generation corporate competition; the shift from physician-led care to patient empowerment is continuously breaking down barriers of space and time, giving rise to new hallmarks such as digital, intelligent, and personalized health services. As the second-largest healthcare market globally, China’s medical landscape is undergoing continuous structural reform and reinvention, making it imperative to build a growth-oriented ecosystem.
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2022-02
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