Israel Aims to Benefit From China’s Growing Demand for Medical Devices
China’s multi-billion medical industry is growing, with a demand for better health services that is linked to the rise of the Chinese middle class
Omri Milman | 13:21 09.10.2017
Chinese demand for medical device is expanding. According to Chaim Martin, the head of Israel’s economic mission in Beijing, China’s medical device revenue amounted to $56.7 billion in 2016, an increase of nearly $10 billion from the year before.
Mr. Martin presented this data at a September 28 seminar held in Tel Aviv by the Israeli Ministry of Economy and Industry and its export arm, the Israeli Export Institute. The seminar was dedicated to helping Israeli medical technology companies understand the Chinese health system and its medical regulatory systems, as well as the processes for approval from the China Food and Drug Administration (CFDA) for Israeli medical technology.
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