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Medical Devices Research: Country Reports on Market Profile, Competitive Environment and more at RnRMarketResearch.com
Date:2/11/2013

the 2012-17 period, the report estimates China medical device market growth to be in the region of 20.2% per year; one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China's growth is particularly pronounced.

In Australian medical device industry, while there are a few small high tech manufacturers, local production tends to concentrate on basic hospital supplies. The market is therefore predominantly supplied by imports. Imports are principally supplied by the USA, however, in August 2011, after months of negotiation, the Commonwealth Government signed an agreement with all States and Territories to formalise the National Health Reform plan. Designed to improve funding to hospitals and to reduce patient waiting times, the plan will see the Commonwealth Government invest at least A$16.4 billion (US$16.0 billion) in additional funding for public hospitals over the period 2014-15 to 2019-20.  The CG will match 45% of efficient growth funding from July 2014, and 50% of efficient growth from July 2017.

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