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China's medical device industry and market

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The huge potential for China's medical device industry is contributed by a booming economy, a rising health awareness, an aging population, a continuous upgrading of medical devices, and a year-on-year increase of investment in China's medical device industry. As one of the biggest medical device industrial base in China, Jiangsu is becoming the most important market for the local and overseas medical device companies to invest. Jiangsu International Medical Technology Expo 2015 (MEDITEXPO JIANGSU 2015) , which will be held at Changzhou West Taihu Lake International Expo Center on September 24-26, is the most expectable event of this year and is getting a lot of attentions since it was launched.

In 2015, the size of China's medical device market is expected to exceed RMB300 billion. Jiangsu Province is home to 2,450 medical device manufacturers and 14,061 medical device businesses, accounting for 20% of the national total; in 2013, the output of Jiangsu's medical device industry totaled nearly RMB50 billion. The development trend of Jiangsu's medical device industry will have a direct impact on the industry as whole in China. Jiangsu has more than 31,000 healthcare institutions, and the number of hospitals ranks second in the country; its annual healthcare expenditure reached RMB154.3 billion, ranking third in the country, and the province has a huge demand for medical products and services.

Changzhou is an important medical device industrial base in the Yangtze River Delta, and boasts of 329 medical instrument manufacturers and 1,970 enterprises, ranking first in Jiangsu. Changzhou West Taihu Lake International Medical Industrial Park is the first of its kind to have been approved in China, and also the only national innovation park dedicated to medical instrument industry that is recognized by the Ministry of Science and Technology. In the future, the Park will lead the continuing expansion of Jiangsu's medical instrument industry, and work towards producing high-end and smart products. It's on the basis of such a huge demand and a solid industrial foundation that Changzhou is chosen to host MEDITEXPO JIANGSU 2015. This event, organized by UBM China and Changzhou International Medical Instrument City, supported by a large number of administrative departments and other relevant organizations