China is the world’s second-largest medical device market, growing at a projected compound annual growth rate of 10% to 15% until 2025. That is more than twice the expected growth of the global medical device market.
Medtech Multinationals Up Pace Of Localization Strategies In China
Major global firms are pivoting towards an ‘In China For China’ strategy to meet local needs and better exploit the market’s potential
China-specific go-to-market strategies are helping global medtechs access the fast-growing medical device market in China, where localization has become the buzzword for foreign players, writes news and analysis portal Omdia.
