On August 8th, 2016, the State Council issued the 13th Five-Years Science and Technology Innovation Planning, in which medical device industry is paid high attention. In the next five years, one of the major tasks is to promote the development of domestic medical device.
Thanks to the better living condition, the coming of aging society and government's preferential policies, medical device industry is experiencing rapid growth. It is considered as one of the most potential industries in the future.
In the domestic medical device market, owing to their advantage in core technology, foreign brands take 90% of the high-end product share. However, things start to change. Domestic brands are trying to enter high-end product market and have made some achievements.
Facing the fierce competition, foreign enterprises and domestic enterprises can cooperate, combining foreign enterprises' advanced technology with domestic enterprises' manufacture and sales resources to make it a win-win situation.