Chinese Healthcare Market Grows by over 16% Annually, Says Access China Management Consulting

20 Jun 2013 • by Natalie Aster

China is one of the fastest growing global economies with the fourth population in the world, and it is one of the largest healthcare markets around the world. Along with sustained economic and population growth, Chinese healthcare market has maintained annually average growth rate above 16 % since 1990s. Among them, medical devices represented dynamical growth since 2000s. By 2010, total value of medical devices on Chinese healthcare market has reached 120 billion RMB.

In 2009, the Chinese government vigorously launched “China’s Health-Care Reform”, developed an ambitious blueprint, in which health care system has covered about 1.2 billion people by 2011.

Medical devices have been widely used in the process of disease prevention, diagnosis, therapy, care and rehabilitation. It is estimated that within the next few years, Chinese medical device market will be likely to be more than 600 billion RMB, and will surpass Japan to become the second largest medical device market following the United States. The Chinese medical device market will attract more and more overseas medical device manufacturers and producers to penetrate such market.

The “Latest Guide to Chinese Medical Device GMP Regulations” by Access China Management Consulting is an essential resource for overseas medical device manufacturers and producers to achieve a successful application and inspection for their products entry into the Chinese medical device market.

It provides not only a comprehensive and thorough knowledge of the latest Chinese medical device GMP regulations but also a detailed guidance of practical operation for application and inspection of Chinese Medical Device GMP to guide overseas medical device manufacturers and producers step by step to pass through the entirely legal procedures of application and inspection for Chinese Medical Device GMP smoothly.

To enter the Chinese lucrative medical device market, the first obstacle faced by overseas medical device manufacturers and producers is how to comply with the Chinese Good Manufacturing Practice (GMP) Regulations for Medical Devices. Lack of knowledge of the Chinese laws and administrative regulations, and the cultural difference between China and Western countries as well as the language barriers will increase the challenge faced by overseas medical device manufacturers and producers. Therefore, a comprehensive and thorough knowledge of the latest Chinese Good Manufacturing Practice (GMP) Regulations for Medical Devices has been become an essential prerequisite for overseas medical device manufacturers and producers to achieve a successful entry into the Chinese medical device market, so more and more overseas medical device companies and multinational medical device companies, and their senior executive officers engaging in regulatory affairs expect to understand the latest Chinese Medical Device GMP regulations.

Report Details:

Latest Guide to Chinese Medical Device GMP Regulations
Published: March, 2013
Pages: 231
Price: US$ 750.00

The Chinese regulatory authorities for medical devices, the State Food and Drug Administration(SFDA) issued the latest Medical Device GMP regulations in December 2009, including the Good Manufacturing Practice (GMP) for Medical Devices (Interim), the Regulations on Inspection of Good Manufacturing Practice (GMP) for Medical Devices (Interim), the Implementation Guidelines and Inspection Criteria of Good Manufacturing Practice (GMP) for Sterile Medical Devices (Interim), and the Implementation Guidelines and Inspection Criteria of Good Manufacturing Practice (GMP) for Implantable Medical Devices (Interim), which all came into effect as of January 1, 2011.

More information can be found in the report “Latest Guide to Chinese Medical Device GMP Regulations” by Access China Management Consulting.

To order the report or ask for sample pages contact ps@marketpublishers.com

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