SHANGHAI, Sept 9, 2015 /PRNewswire/ -- The medical devices industry is most representative of a country's ability to innovate. China's medical device market reached a scale of RMB276 billion in 2014. Its rapid development, however, also exposed the challenges faced by China's medical device industry: such as poor innovation ability, a low share of the high-end medical device field, and financing difficulties for independent innovation.
Xiaolei Li, Project Director of MEDTEC China, said: China's medical device market is becoming mature nowadays. The government has implemented stricter supervision and regulation of products and markets. There will be an upward tendency for competition in China's medical device sector, especially considering that it is a high-end manufacturing field that the country pays great attention to. First of all, there will be competition for raw materials and components. It is only with high-quality raw materials, high-level R&D and high-standards of assembling and manufacturing that the long-term development of companies can be assured. Thus, MEDTEC China will spare no effort to work with companies' strategies of sustainable development.
MEDTEC China empowers innovation in medical device industry
MEDTEC China 2015, which will be held 22-24 September at Shanghai World Expo Exhibition & Convention Center, will gather nearly 300 suppliers from 25 countries and regions throughout the world, and over 350 brand suppliers and 70 new exhibitors to enable face-to-face interaction and to present the latest medical R&D concepts and manufacturing technologies. It is an incredible opportunity for leading global medical device manufacturing brands to showcase their products and learn from others, providing new thoughts and ideas for China's local medical device manufacturing companies' development and offering support for transnational suppliers to set up base in China.
Investment Track--- Promoting China's Independent Innovation Investment & Financing
After the successful 1st MEDTEC Innovation Investment Track held last year, MEDTEC China 2015 is going to hold the 2nd Innovation Investment Track in association with Shanghai Pudong Sci-Tech Finance Service Union. So far over 15 roadshow companies and over 30 investment institutions have participated in the track. Four field experts from CCIG, Greenwoods Investment, Qiming Venture and ZEVC Management Co. Ltd will deliver speeches around topics such as industrial development, investment hotspots and investment and financing scope. Meanwhile, SOHO3 extends its full support for the track, arranging for investment institutions and projects in South China region to participate in the event.
In addition, MEDTEC China 2015 will arrange about 10 meetings based on four main themes ---- Regulation, Technology, Quality and Investment, providing more professional and comprehensive content for attendees through building an all-round technology conference that covers the entire industrial chain.
Refinement of Product Categorization--- Building an efficient platform for exchanges of production, study, research and medicine
Currently, China's medical device industry is large but it lacks core technology. MEDTEC China 2015 will reclassify the 50 former product classifications into 20 major categories and 703 subcategories based on advanced production concepts from its international exhibition experiences and local manufacturing conditions, in order to make for more effective interaction and establish a one-stop medical device production & procurement platform.
About MEDTEC China
Ten years on from its debut in Shanghai, MEDTEC China has firmly established itself as the leading forum for the fast-growing medical device manufacturing industry in China. The event, which is hosted by UBM China, is the sole manufacturing sourcing event for medical device manufacturers in China. MEDTEC China 2015 will be held on September 22-24 at Shanghai World Expo Exhibition & Convention Center. Meanwhile, the first MEDTEC China South 2015 successfully concluded at the Shenzhen Convention & Exhibition Center.
SOURCE UBM China