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Before the new healthcare reform is finally unveiled, it is hard to predict the impact the medical industries Hill experience.

Before the new healthcare reform is finally unveiled, it is hard to predict the impact the medical industries Hill experience. It is certain, however, that the Chinese regulatory agencies will use regulations to further restrict the erosion of inferior products in the market. Pressures from the market, government policies and regulatory agencies Hill further push the restructuring of the industries, injecting more professional practice and ethical business relationships among the players. As the industry matures and technology and new products emerge, we can expect a healthy 14%-16% (at minimum) annual growth for the industry in the next five to 10 years.

Chang-Hong Whitney is president of Whitney Consulting Ltd. in Massachusetts. With an MBA from Babson College (Wellesley, MA) and undergraduate degrees in electronic engineering and international business, she has been consulting for western companies on doing business in China since 1994, focusing on the medical device market. Her services include China regulatory affairs, market research, sourcing and logistics programs and China business strategies. She can be reached at changhong@whitneyconsulting.net.

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Title Annotation:China News
Author:Whitney, Chang-Hong
Publication:Medical Product Outsourcing
Date:Jan 1, 2008
Words:173
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